PROFESSOR DAVID BARRETT LTD

PROFESSOR DAVID BARRETT LTD

PROFESSOR DAVID BARRETT LTD - Company Information

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PROFESSOR DAVID BARRETT LTD

Company Registration Number:
05872115 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2019

Period of accounts

Start date: 01 November 2018

End date: 31 October 2019

PROFESSOR DAVID BARRETT LTD

Contents of the Financial Statements

for the Period Ended 31 October 2019

Balance sheet
Notes

PROFESSOR DAVID BARRETT LTD

Balance sheet

As at 31 October 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 2 2,770,731 3,078,590
Tangible assets: 3 6,633 0
Investments: 4 802,500 0
Total fixed assets: 3,579,864 3,078,590
Current assets
Debtors:   73,519 55,704
Cash at bank and in hand: 3,710,299 2,789,925
Total current assets: 3,783,818 2,845,629
Creditors: amounts falling due within one year:   (268,395) (439,167)
Net current assets (liabilities): 3,515,423 2,406,462
Total assets less current liabilities: 7,095,287 5,485,052
Total net assets (liabilities): 7,095,287 5,485,052
Capital and reserves
Called up share capital: 11 11
Other reserves: 5,485,041 4,139,931
Profit and loss account: 1,610,235 1,345,110
Shareholders funds: 7,095,287 5,485,052

The notes form part of these financial statements

PROFESSOR DAVID BARRETT LTD

Balance sheet statements

For the year ending 31 October 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 April 2020
and signed on behalf of the board by:

Name: Professor David Barrett
Status: Director

The notes form part of these financial statements

PROFESSOR DAVID BARRETT LTD

Notes to the Financial Statements

for the Period Ended 31 October 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROFESSOR DAVID BARRETT LTD

Notes to the Financial Statements

for the Period Ended 31 October 2019

2. Intangible Assets

Total
Cost £
At 01 November 2018 4,617,885
At 31 October 2019 4,617,885
Amortisation
At 01 November 2018 1,539,295
Charge for year 307,859
At 31 October 2019 1,847,154
Net book value
At 31 October 2019 2,770,731
At 31 October 2018 3,078,590

PROFESSOR DAVID BARRETT LTD

Notes to the Financial Statements

for the Period Ended 31 October 2019

3. Tangible Assets

Total
Cost £
At 01 November 2018 0
Additions 8,844
At 31 October 2019 8,844
Depreciation
At 01 November 2018 0
Charge for year 2,211
At 31 October 2019 2,211
Net book value
At 31 October 2019 6,633
At 31 October 2018 0

PROFESSOR DAVID BARRETT LTD

Notes to the Financial Statements

for the Period Ended 31 October 2019

4. Fixed investments

Corporate Bond purchased in year. £802,500