Barnard Design Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01459398 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BARNARD DESIGN CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss J E Barnard

M E Barnard

Mrs G A Haskey

SECRETARY:

Mrs G A Haskey

REGISTERED OFFICE:

24 Bedford Row

London

WC1R 4TQ

REGISTERED NUMBER:

01459398 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

24 Bedford Row

London

WC1R 4TQ

BANKERS:

Cater Allen Private Bank

9 Nelson Street

Bradford

BD1 5AN

FIXED ASSETS

Tangible assets

4

8,078

6,313

Investment property

5

500,000

475,000

508,078

481,313

CURRENT ASSETS

Stocks

6

22,584

22,584

Debtors

7

18,455

23,227

Cash at bank

25,373

19,977

66,412

65,788

CREDITORS

Amounts falling due within one year

8

(6,678

)

(6,679

)

NET CURRENT ASSETS

59,734

59,109

TOTAL ASSETS LESS CURRENT LIABILITIES

567,812

540,422

CREDITORS

Amounts falling due after more than one year

9

(450,000

)

(450,000

)

PROVISIONS FOR LIABILITIES

10

(8,080

)

(2,994

)

NET ASSETS

109,732

87,428

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

27,901

7,651

Retained earnings

12

81,731

79,677

SHAREHOLDERS' FUNDS

13

109,732

87,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2022 and were signed on its behalf by:

Mrs G A Haskey - Director

1.	STATUTORY INFORMATION

Barnard Design Consultancy 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 financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of more important policies which have been applied consistently is set out below:

Turnover

Turnover represents the amounts derived from Royalty income from various projects including book sales and income derived from the use of land.

Tangible fixed assets

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

Furniture and equipment

-

10% on reducing balance

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.

Stock & work in progress

Stock and Work in Progress represents all costs associated with projects conducted.

Stock and Work in Progress is valued at cost and written off when the project comes to fruition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a small self administered pension scheme for its directors. The company operates a group money purchase scheme for one of its employees. The funds are held separately from the company in independently administered funds. Contributions are charged to the profit and loss account.

Investments

Investments reflected as current assets are stated at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

and

equipment

£

COST

At 1 January 2021

13,833

Additions

3,191

At 31 December 2021

17,024

DEPRECIATION

At 1 January 2021

7,520

Charge for year

1,426

At 31 December 2021

8,946

NET BOOK VALUE

At 31 December 2021

8,078

At 31 December 2020

6,313

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

475,000

Revaluations

25,000

At 31 December 2021

500,000

NET BOOK VALUE

At 31 December 2021

500,000

At 31 December 2020

475,000

The directors consider that the market value at 31 December 2020 to be £475,000.

Fair value at 31 December 2021 is represented by:

£

Valuation in 2020

9,446

Valuation in 2021

25,000

Cost

465,554

500,000

6.

STOCKS

2021

2020

£

£

Work-in-progress

22,584

22,584

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors.

1,136

-

Other debtors

1,170

-

Prepayments

16,149

23,227

18,455

23,227

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

274

274

Directors' current accounts

5,000

5,000

Accrued expenses

1,404

1,405

6,678

6,679

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Shareholders loan

450,000

450,000

10.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

Accelerated capital allowances

1,535

1,199

Other deferred tax

6,545

1,795

8,080

2,994

Deferred

tax

£

Balance at 1 January 2021

2,994

Provided during year

5,086

Balance at 31 December 2021

8,080

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2021

79,677

7,651

87,328

Profit for the year

22,304

22,304

Revaluation reserve

(20,250

)

20,250

-

At 31 December 2021

81,731

27,901

109,632

13.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2021

2020

£

£

Profit/(loss) for the financial year

22,304

(14,293

)

Net addition/(reduction) to shareholders' funds

22,304

(14,293

)

Opening shareholders' funds

87,428

101,721

Closing shareholders' funds

109,732

87,428

14.	GOING CONCERN

The directors have agreed not to withdraw their loans to the company until the company is in a liquid position.