Barnsdale In Rutland Group Ownership Man - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02269873 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

BARNSDALE IN RUTLAND GROUP OWNERSHIP

MANAGEMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D Patel

Mrs DM Patel

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

02269873 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr P Bott FCA

AUDITORS:

Mark J Rees LLP, Statutory Auditor

Chartered Accountants

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

14,374

18,172

CURRENT ASSETS

Stocks

15,531

15,781

Debtors

5

409,187

729,826

Cash at bank

1,478,776

1,089,144

1,903,494

1,834,751

CREDITORS

Amounts falling due within one year

6

1,917,866

1,852,921

NET CURRENT LIABILITIES

(14,372

)

(18,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2

2

CAPITAL AND RESERVES

Called up share capital

8

2

2

SHAREHOLDERS' FUNDS

2

2

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 19 May 2022 and were signed on its behalf by:

Mrs D Patel - Director

Mrs DM Patel - Director

1.	STATUTORY INFORMATION

Barnsdale In Rutland Group Ownership Management Co. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from services represents income attributable to the provision of maintenance and other services for timeshare units during the year, and is recognised as the service is provided. Income received in advance is treated as deferred income and included in creditors.

Tangible fixed assets

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

Plant and machinery

-

12.5% to 25% reducing balance per annum

Motor vehicles

-

25% to 33% reducing balance per annum

Government grants

During the year the company received monies under the Coronavirus Job Retention Scheme. The amounts received are included within the accounts on an accruals basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

comprises direct materials and, where applicable, direct labour costs and those overheads that have been

incurred in bringing the stocks to their present location and condition. Cost is calculated on a first in, first

out basis.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of

stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss

in profit or loss. Reversals of impairment losses are also 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 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.

Creditors

Short term trade 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern

The accounts have been prepared on a going concern basis. Having carried out a detailed review of the

company's position at the date of signing the accounts along with its ongoing obligations and with regard to

the challenges presented by the current economic and health climate, the directors are satisfied that the

company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date

of approval of the accounts. The directors consider that the company has adequate resources to enable it

to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2020 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2020

198,961

19,087

218,048

Additions

739

-

739

Disposals

(14,500

)

-

(14,500

)

At 31 August 2021

185,200

19,087

204,287

DEPRECIATION

At 1 September 2020

181,151

18,725

199,876

Charge for year

4,103

115

4,218

Eliminated on disposal

(14,181

)

-

(14,181

)

At 31 August 2021

171,073

18,840

189,913

NET BOOK VALUE

At 31 August 2021

14,127

247

14,374

At 31 August 2020

17,810

362

18,172

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

368,104

687,143

Amounts owed by group undertakings

-

17,846

Other debtors

41,083

24,837

409,187

729,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

114,625

41,526

Amounts owed to group undertakings

17,405

-

Taxation and social security

9,268

9,627

Other creditors

1,776,568

1,801,768

1,917,866

1,852,921

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

5,483

5,428

Between one and five years

10,966

16,285

16,449

21,713

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary Share Capital

1

2

2

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Bott FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP, Statutory Auditor

10.	CAPITAL COMMITMENTS

2021

2020

£

£

Contracted but not provided for in the

financial statements

-

14,580

11.	ULTIMATE CONTROLLING PARTY

The company regards Din & Sav Limited, incorporated in England, as its ultimate parent company and

controlling party.

The group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.