| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| FOR |
| M.J. BARRETT (DEVELOPMENTS) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| FOR |
| M.J. BARRETT (DEVELOPMENTS) LIMITED |
| M.J. BARRETT (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 03594003) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| M.J. BARRETT (DEVELOPMENTS) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Black Country House |
| Rounds Green Road |
| Oldbury |
| West Midlands |
| B69 2DG |
| M.J. BARRETT (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 03594003) |
| BALANCE SHEET |
| 28 SEPTEMBER 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| M.J. BARRETT (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 03594003) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| M.J. Barrett (Developments) Limited is a |
| The principal activity of the Company is that of a property investment company. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised at the point of dispatch or when the services are provided. |
| Rental income is recognised in the period to which it relates. |
| Tangible fixed assets |
| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. |
| Depreciation is provided on the following basis: |
| Motor vehicles - 25% reducing balance |
| Plant & machinery - 25% reducing balance |
| Stocks and work in progress |
| Stocks and work in progress represent land banks and are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. |
| At each balance sheet date, stocks are assessed for impairment. If stock is 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 |
| Going concern |
| Due to cross-guarantees within the Group, the Company’s ability to continue as a going concern depends on the financial position of the wider Group. Following a review of the Group’s forecasts, cash flows and funding position, the Directors have concluded that the Group is unlikely to have sufficient resources to continue for the foreseeable future. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| M.J. BARRETT (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 03594003) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 SEPTEMBER 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 29 September 2024 |
| Additions |
| At 28 September 2025 |
| Depreciation |
| At 29 September 2024 |
| Charge for year |
| At 28 September 2025 |
| Net book value |
| At 28 September 2025 |
| At 28 September 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | 53,256 | 9,276 |
| Other creditors |
| Accruals and deferred income |
| Secured loans |
| Bank borrowing of £1,508,608 (2024: £2,258,608) is secured by a mortgage debenture over all current and future assets owned by the Company, is on an interest only terms and the capital is repayable on demand. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The Company's parent undertaking at the Balance sheet date was M J Barrett Group Limited, a Company incorporated in England and Wales. Copies of these financial statements are available from the Company's registered office, Brookside Business Park, Uttoxeter, ST14 8AT. |
| The Company is controlled by M J Barrett who owns 100% of the issued share capital of M J Barrett Group Limited. |