Barefoot Live Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Barefoot Live Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07378285 . The registered office is Office 80 Bowman House, Whitehill Lane, Royal Wootton Bassett, Wiltshire, SN4 7DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line
Motor Vehicles	3 years straight line

2.4. Financial Instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initiallyrecognised at transaction price, unless the arrangement constitutes a financing transaction, where thetransaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and loans fromfellow groupcompanies, are initially recognised at transaction price, unless the arrangement constitutes a financingtransaction, where the debt instrument is measured at the present value of the future receiptsdiscounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost,using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statementswhen there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Barefoot Live Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Related party exemption

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose, related party transactions with wholly owned subsidiaries within the group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 February 2025	7,052	313,450	69,728	390,230
Additions	-	36,659	4,900	41,559
Disposals	-	(144,771 )	-	(144,771 )

As at 31 January 2026	7,052	205,338	74,628	287,018

Depreciation
As at 1 February 2025	7,052	231,019	63,569	301,640
Provided during the period	-	39,653	3,966	43,619
Disposals	-	(144,771 )	-	(144,771 )

As at 31 January 2026	7,052	125,901	67,535	200,488

Net Book Value
As at 31 January 2026	-	79,437	7,093	86,530

As at 1 February 2025	-	82,431	6,159	88,590

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Barefoot Live Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	399,677	772,773
Amounts owed by participating interests	3,079	-
Other debtors	1,190,011	777,375

	1,592,767	1,550,148

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	7,141	402,611
Other creditors	2,692	3,420
Taxation and social security	(259,066 )	500,904

	(249,233 )	906,935

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	20	20

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Jeremy Difazio	278,848	59,640	50,888	-	287,600
Mrs Charlotte Difazio	278,847	59,640	50,888	-	287,599

Interest has been charged and paid at the official rate of interest.

9. Related Party Transactions

Wilder Oak Limited

Associated company

During the year the company has made payments on behalf of Wilder Oak Ltd amounting to £3,079.

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Barefoot Live Holdings Limited . Barefoot Live Holdings Limited was incorporated in England and Wales. The ultimate controlling party is Mr J and Mrs C Difazio who controls 100% of the shares of Barefoot Live Ltd .

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		86,530		88,590

			86,530		88,590
CURRENT ASSETS
Debtors	5	1,592,767		1,550,148
Cash at bank and in hand		925,799		4,254,274

		2,518,566		5,804,422
Creditors: Amounts Falling Due Within One Year	6	249,233		(906,935 )

NET CURRENT ASSETS (LIABILITIES)			2,767,799		4,897,487

TOTAL ASSETS LESS CURRENT LIABILITIES			2,854,329		4,986,077

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,763 )		(13,145 )

NET ASSETS			2,834,566		4,972,932

CAPITAL AND RESERVES
Called up share capital	7		20		20
Profit and Loss Account			2,834,546		4,972,912

SHAREHOLDERS' FUNDS			2,834,566		4,972,932