BARLOW GROUP LIMITED Accounts

BARLOW GROUP LIMITED - Company Information






BARLOW GROUP LIMITED

	Company No. 03563685
		Information for Filing with The Registrar
		31 December 2021

The Directors present their report and the accounts for the year ended 31 December 2021.

Principal activities
The principal activity of the company during the year under review was that of a property rental company.




Directors

The Directors who served at any time during the year were as follows:

M.G. Barlow
J.N. Martin




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M.G. Barlow
Director
05 December 2022

at	31 December 2021
Company No.		03563685	Notes	2021	2020
				£	£
Fixed assets



	Investments		4	-	1,150,754
				-	1,150,754
Current assets

	Debtors		5	975,000	2,689,925

	Cash at bank and in hand			18,813	7,233
				993,813	2,697,158
Creditors: Amount falling due within one year			6	(14,839)	(15,134)
Net current assets				978,974	2,682,024
Total assets less current liabilities				978,974	3,832,778
Creditors: Amounts falling due after more than one year			7	-	(1,973,263)



Net assets				978,974	1,859,515

Capital and reserves
	Called up share capital			2,044,635	2,044,635



	Profit and loss account		8	(1,065,661)	(185,120)

Total equity				978,974	1,859,515



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2021 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 December 2022
And signed on its behalf by:
M.G. Barlow
Director
05 December 2022

for the year ended 31 December 2021

General information

Its registered number is: 03563685

Its registered office is:

Ground Floor, Cromwell House

15 Andover Road

Winchester

Hampshire

SO23 7BT

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Investments
			Other investments - Unlisted	Total
			£	£
		Cost or valuation
		At 1 January 2021	1,150,754	1,150,754


		Disposals	(1,150,754)	(1,150,754)
		At 31 December 2021	-	-
		Provisions/Impairment





		Net book values
		At 31 December 2021	-	-
		At 31 December 2020	1,150,754	1,150,754

5	Debtors
			2021	2020
			£	£
		Trade debtors	-	(2,044)
		Amounts owed by group undertakings	-	1,704,821


		VAT recoverable	-	148

		Other debtors	975,000	987,000

			975,000	2,689,925

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£





		Amounts owed to group undertakings	10,000	10,000



		Other creditors	-	496
		Accruals and deferred income	4,839	4,638
			14,839	15,134

7	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£





		Amounts owed to group undertakings	-	1,973,263


			-	1,973,263

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Related party disclosures
				2021	2020
		Transactions with related parties		£	£

		Name of related party	Barlow Group Holdings Limited
		Description of relationship between the parties	Parent company
		Description of transaction and general amounts involved	Loan
		Amount due from/(to) the related party		(10,000)	(10,000)