Barnwebb Limited - Accounts to registrar (filleted) - small 17.3
Barnwebb Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 March 2017 to 31 December 2017 |
| for |
| Barnwebb Limited |
| Barnwebb Limited (Registered number: 04455262) |
| Contents of the Financial Statements |
| for the Period 1 March 2017 to 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Barnwebb Limited |
| Company Information |
| for the Period 1 March 2017 to 31 December 2017 |
| Director: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Chartered accountants |
| 85 Church Road |
| Hove |
| East Sussex |
| BN3 2BB |
| Barnwebb Limited (Registered number: 04455262) |
| Balance Sheet |
| 31 December 2017 |
| 2017 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors: amounts falling due within one year |
7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors: amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Investment property reserve |
| Retained earnings | ( |
) |
| Shareholders' funds |
| The director acknowledges her 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. |
| Barnwebb Limited (Registered number: 04455262) |
| Balance Sheet - continued |
| 31 December 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Barnwebb Limited (Registered number: 04455262) |
| Notes to the Financial Statements |
| for the Period 1 March 2017 to 31 December 2017 |
| 1. | Statutory information |
| Barnwebb 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. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The period was shortened to 10 months therefore the comparatives are not comparable. |
| 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, other than certain fixed assets which have been |
| revalued. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents |
| amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a |
| transaction involving the rendering of services can be reliably estimated, revenue from the rendering |
| of services is measured by reference to the stage of completion of the service transaction at the end of |
| the reporting period. When the outcome of a transaction involving the rendering of services cannot be |
| reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment |
| losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided at the following annual rates in order to write off each asset over its |
| estimated useful life. |
| Fixtures and fittings - 25% reducing balance |
| Investment property |
| Investment property is initially recorded at cost, which includes purchase price and any directly |
| attributable expenditure. |
| Investment property is revalued at its fair value at each reporting date and any changes in fair value |
| are recognised in profit or loss. |
| The investment property fair value of £1,405,000 (2017 - £1,260,000) and the £145,000 (2017 - |
| £37,631) gain on fair value adjustment included in the profit for the year was determined by the |
| directors. |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the |
| contractual provisions of the instrument. Basic financial instruments are initially recognised at the |
| transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at |
| the present value of the future payments discounted at a market rate of interest for a similar debt |
| instrument. |
| Barnwebb Limited (Registered number: 04455262) |
| Notes to the Financial Statements - continued |
| for the Period 1 March 2017 to 31 December 2017 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss |
| Account, 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 period 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. |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| 3. | Employees and directors |
| The average number of employees during the period was NIL (2017 - NIL). |
| Barnwebb Limited (Registered number: 04455262) |
| Notes to the Financial Statements - continued |
| for the Period 1 March 2017 to 31 December 2017 |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 March 2017 |
| and 31 December 2017 |
| Depreciation |
| At 1 March 2017 |
| Charge for period |
| At 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 28 February 2017 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 March 2017 |
| Revaluations | 145,000 |
| At 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 28 February 2017 |
| 6. | Debtors: amounts falling due within one year |
| 2017 | 2017 |
| £ | £ |
| Other debtors |
| Barnwebb Limited (Registered number: 04455262) |
| Notes to the Financial Statements - continued |
| for the Period 1 March 2017 to 31 December 2017 |
| 7. | Creditors: amounts falling due within one year |
| 2017 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Income received in advance |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2017 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more than 5yrs |
| by non-instalments |
| Repayable by instalments |
| Bank loans more than 5yrs by |
| instalments | 323,927 | 351,013 |
| 323,927 | 351,013 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2017 | 2017 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Other loans |
| Bank loans and other loans are secured against the assets to which they relate. |
| Barnwebb Limited (Registered number: 04455262) |
| Notes to the Financial Statements - continued |
| for the Period 1 March 2017 to 31 December 2017 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | Related party disclosures |
| Within creditors is £173,935 (2017 - £174,026) owed to the director. |