Barclay Estates Limited - Limited company accounts 17.3

REGISTERED NUMBER: 03665393 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Barclay Estates Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

P Fernback

REGISTERED OFFICE:

Enterprise House

27 Hastings Road

Bromley

Kent

BR2 8NA

REGISTERED NUMBER:

03665393 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31 December 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of rental, management and trading of

commercial properties.

DIRECTOR

P Fernback held office during the whole of the period from 1 January 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

P Fernback - Director

24 September 2021

REVENUE

417,795

310,266

Cost of sales

116,397

273,754

GROSS PROFIT

301,398

36,512

Administrative expenses

104,115

65,594

OPERATING PROFIT/(LOSS)

197,283

(29,082

)

Interest receivable and similar income

2

4

197,285

(29,078

)

Interest payable and similar expenses

91,194

81,620

PROFIT/(LOSS) BEFORE TAXATION

106,091

(110,698

)

Tax on profit/(loss)

20,420

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

85,671

(110,698

)

FIXED ASSETS

Property, plant and equipment

4

1,957,100

1,957,100

CURRENT ASSETS

Debtors

5

1,874,641

1,784,638

Cash at bank

105,850

7,630

1,980,491

1,792,268

CREDITORS

Amounts falling due within one year

6

2,146,594

2,044,042

NET CURRENT LIABILITIES

(166,103

)

(251,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,790,997

1,705,326

CREDITORS

Amounts falling due after more than one year

7

2,340,279

2,340,279

NET LIABILITIES

(549,282

)

(634,953

)

CAPITAL AND RESERVES

Called up share capital

4

4

Revaluation reserve

8

567,289

567,289

Other reserves

15,000

15,000

Other reserves

(75,806

)

(75,806

)

Retained earnings

(1,055,769

)

(1,141,440

)

(549,282

)

(634,953

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 September 2021 and were signed by:

P Fernback - Director

1.	STATUTORY INFORMATION

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

1,957,100

21,680

1,978,780

DEPRECIATION

At 1 January 2020

and 31 December 2020

-

21,680

21,680

NET BOOK VALUE

At 31 December 2020

1,957,100

-

1,957,100

At 31 December 2019

1,957,100

-

1,957,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

81,560

49,648

Other debtors

1,793,081

1,734,990

1,874,641

1,784,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

28,224

67,861

Taxation and social security

62,804

22,226

Other creditors

2,055,566

1,953,955

2,146,594

2,044,042

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

2,310,000

2,310,000

Other creditors

30,279

30,279

2,340,279

2,340,279

8.

RESERVES

Revaluation

reserve

£

At 1 January 2020

and 31 December 2020

567,289

9.	RELATED PARTY DISCLOSURES

At the year end, the company was owed/(owing) the following amounts, from/to companies which are owned and

controlled by a close family relative of Mr P Fernback.

2020

2019

£

£

Centaur Property Group Limited

15,495

15,495

Centaur Property Estates Limited

(252,745

)

(251,361

)

Centaur Property Company Limited

-

-

Es Vedra Properties Limited

(83,537

)

(83,537

)

At the year end the company was owed/(owing) the following amounts from the following entities which Mr P

Fernback is a member.

2020

2019

£

£

Centaur Property Trading LLP

4,000

4,000

Barclay Property Trading LLP

(74,204

)

(101,704

)

Champion Properties LLP

4,539

4,539

Wentworth Trading LLP

973,875

961,403

Big Padlock Ayr Ltd

775

775

Centaur Financing Ltd

(303,045

)

(194,100

)

At the year end the company was owed/(owing) the following amounts from/to companies in which Mr P

Fernback is a director.

2020

2019

£

£

Barclay Group Limited

(50,505

)

(50,505

)

Barclay Commercial Investments Ltd

(37,185

)

(33,133

)

Barclay Home Investments Limited

(237,480

)

(236,594

)

PSF Developments

15,805

805

Paul Fernback SIPP

28,261

18,461

Blue Marlin Limited

937,908

937,408

Barclay Commercial Estates Ltd

52,278

57,278

At the year end the company was owed £973,875 (2019 = £961,403) from Wentworth Trading LLP, a

partnership of which Barclay Estates Limited is a member.