Barley Homes and Developments Limited Filleted accounts for Companies House (small and micro)

BARLEY HOMES AND DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04565364

Barley Homes and Developments Limited

Filleted Unaudited Financial Statements

31 March 2021

Barley Homes and Developments Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Current assets

Stocks	1,599,102	1,599,102
Cash at bank and in hand	23,090	21,754
	------------	------------
	1,622,192	1,620,856

Creditors: amounts falling due within one year	4	1,894,587		1,904,151
		------------		------------
Net current liabilities			272,395	283,295
			---------	---------
Total assets less current liabilities			( 272,395)	( 283,295)
			---------	---------
Net liabilities			( 272,395)	( 283,295)
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 272,495)	( 283,395)
	---------	---------
Shareholders deficit	( 272,395)	( 283,295)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 27 August 2021 , and are signed on behalf of the board by:

S J Bennett

Director

Company registration number: 04565364

Barley Homes and Developments Limited

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Barley House, Sopers Road, EN6 4RY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	385,154	400,327
Social security and other taxes	2,697	3,153
Other creditors	1,506,736	1,500,671
	------------	------------
	1,894,587	1,904,151
	------------	------------

The Directors have personally guaranteed the bank borrowings.

5. Related party transactions

The company was under the control of the Directors throughout the period. Interest of £19,000 (2020- £19,000) is accrued on a loan provided by related parties but this is not payable until the property is disposed of. The amount due to related parties is £1,506,751 (2020 - £1,499,751) the parties have agreed that this will not be repaid until the property is disposed of.