Barrett's of St. Neots Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00339647

Barrett's of St. Neots Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Barrett's of St. Neots Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		1,500,000	1,500,000

Current assets

Debtors	6	16,949	19,722
Cash at bank and in hand		52,302	38,121
		--------	--------
		69,251	57,843

Creditors: amounts falling due within one year	7	327,438		320,413
		----------		----------
Net current liabilities			258,187	262,570
			------------	------------
Total assets less current liabilities			1,241,813	1,237,430

Creditors: amounts falling due after more than one year	8		687,500	717,500

Provisions

Deferred taxation	67,680	67,592
	------------	------------
Net assets	486,633	452,338
	------------	------------

Capital and reserves

Called up share capital	27,406	27,406
Share premium account	235,724	235,724
Revaluation reserve	363,774	363,774
Capital redemption reserve	12,232	12,232
Profit and loss account	( 152,503)	( 186,798)
	----------	----------
Shareholders funds	486,633	452,338
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Barrett's of St. Neots Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

A P Huckle Director

Company registration number: 00339647

Barrett's of St. Neots Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 High Street, Abbotsley, St Neots, PE19 6UJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is reliant on the continued support of its bankers and the directors. The directors are confident that the available facilities will be sufficient to meet the company's requirements. Accordingly, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered. Rental income receivable by the company as operating income is included on an accruals basis.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease receipts are recognised as rental income over the lease term on a straight-line basis.

Tangible assets other than investment property

Tangible assets other than investment property are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	25% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Unrealised changes to the fair value of the investment property together with the related deferred taxation are transferred from the profit and loss reserve to the revaluation reserve each year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Tangible assets

	Investment property	Office equipment	Total
	£	£	£
Cost or valuation
At 1 February 2025 and 31 January 2026	1,500,000	457	1,500,457
	------------	----	------------
Depreciation
At 1 February 2025 and 31 January 2026	–	457	457
	------------	----	------------
Carrying amount
At 31 January 2026	1,500,000	–	1,500,000
	------------	----	------------
At 31 January 2025	1,500,000	–	1,500,000
	------------	----	------------

The directors review the investment property annually to determine any changes to fair value. For the current and comparative year, the directors are of the opinion that any movement in fair value is not material.

6. Debtors

	2026	2025
	£	£
Trade debtors	8,000	9,593
Other debtors	8,949	10,129
	--------	--------
	16,949	19,722
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans	30,000	30,000
Accruals and deferred income	39,219	37,862
Social security and other taxes	633	–
Director loan accounts	257,586	252,500
Other creditors	–	51
	----------	----------
	327,438	320,413
	----------	----------

The bank loans are secured by way of fixed charges over the company's property assets and are further supported by personal guarantees provided by the directors amounting to £350,000.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans	687,500	717,500
	----------	----------

The bank loans are secured by way of fixed charges over the company's property assets and are further supported by personal guarantees provided by the directors amounting to £350,000.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions	67,680	67,592
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	( 1,026)	( 1,092)
Revaluation of tangible assets	68,706	68,706
Unused tax losses	–	( 22)
	--------	--------
	67,680	67,592
	--------	--------

10. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	131,000	112,250
Later than 1 year and not later than 5 years	61,604	168,167
	----------	----------
	192,604	280,417
	----------	----------