Barnes Capital Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11091173 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BARNES CAPITAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Barnes

E L Barnes

REGISTERED OFFICE:

Fourth Floor St James House

St. James Square

Cheltenham

Gloucestershire

GL50 3PR

REGISTERED NUMBER:

11091173 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

England

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

42,047

57,095

Investment property

5

1,460,000

1,502,047

1,517,095

CURRENT ASSETS

Debtors

6

1,319

-

Cash at bank

8,255

2,143

9,574

2,143

CREDITORS

Amounts falling due within one year

7

417,128

453,110

NET CURRENT LIABILITIES

(407,554

)

(450,967

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,094,493

1,066,128

CREDITORS

Amounts falling due after more than one year

8

(1,050,515

)

(991,600

)

PROVISIONS FOR LIABILITIES

(42,413

)

(45,672

)

NET ASSETS

1,565

28,856

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

115,565

Retained earnings

(114,100

)

(86,809

)

SHAREHOLDERS' FUNDS

1,565

28,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

S J Barnes - Director

1.	STATUTORY INFORMATION

Barnes Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The following principal accounting policies have been applied:

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

Cost

At 1 January 2025

-

90,840

Additions

3,120

-

3,120

At 31 December 2025

3,120

90,840

93,960

Depreciation

At 1 January 2025

-

33,745

Charge for year

-

18,168

At 31 December 2025

-

51,913

Net book value

At 31 December 2025

3,120

38,927

42,047

At 31 December 2024

-

57,095

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2025

and 31 December 2025

1,460,000

Net book value

At 31 December 2025

1,460,000

At 31 December 2024

1,460,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

1,424,600

Valuation in 2023

10,000

Valuation in 2024

25,400

1,460,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,319

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

417,128

453,110

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

1,050,515

991,600

The company's other creditors balance due after more than one year comprises mortgage loans secured against the company's investment properties.