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Registration number: 14867581

Elbury Barn Limited
Unaudited Filleted Financial Statements
for the Period from 1 May 2024 to 30 September 2025

Elbury Barn Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Elbury Barn Limited

Company Information

Directors | Mr A J Wreford Mrs K E Wreford

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Elbury Barn Limited

(Registration number: 14867581)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 550,059 | 388,148
Debtors | 5 | 221,798 | 205,869
Cash at bank and in hand |  | 14,583 | 151
|  | 786,440 | 594,168
Creditors: Amounts falling due within one year | 6 | (903,638) | (631,691)
Net liabilities |  | (117,198) | (37,523)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (117,199) | (37,524)
Shareholders' deficit |  | (117,198) | (37,523)

For the financial period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 July 2026 and signed on its behalf by:

......................................... Mr A J Wreford Director

Elbury Barn Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The current reporting period is for the 17-month period from 1 May 2024 to 30 September 2025. The period was extended to align the company's accounting reference date with that of other group companies. Consequently, the comparative figures are therefore not entirely comparable.

Going concern

The company had net liabilities at the year end, the directors are confident that with their continued support the company will continue to meet its ongoing liabilities as they arise. As a result, the financial statements have been prepared on a going concern basis.

Tax

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Elbury Barn Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Elbury Barn Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 550,059 | 388,148

5 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 209,646 | 203,146
Prepayments and accrued income |  | 12,152 | 2,723
Total current trade and other debtors |  | 221,798 | 205,869

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 431,604 | 240,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 382,079 | 383,139
Other creditors |  | 88,455 | 6,552
Accrued expenses |  | 1,500 | 1,500
|  | 903,638 | 631,691

Creditors include bank loans and borrowings on which security has been given by way of fixed and floating charges over all the property and undertakings of the company.

Elbury Barn Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2025

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 431,604 | 240,500

8 | Parent and ultimate parent undertaking

The company's immediate parent is Legacy Property Assets Limited, incorporated in England and Wales.