Barrington & Company (Petworth) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05975659 (England and Wales)

Barrington & Company (Petworth) Limited

Financial Statements for the Year Ended 31st March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr T J Barrington

SECRETARY:

J Barrington

REGISTERED OFFICE:

7 East Pallant

Chichester

West Sussex

PO19 1TR

REGISTERED NUMBER:

05975659 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

7 East Pallant

Chichester

West Sussex

PO19 1TR

FIXED ASSETS

Tangible assets

4

-

189

Investments

5

1,473

2,608

1,473

2,797

CURRENT ASSETS

Debtors

6

135,372

140,031

Cash at bank

308,008

278,987

443,380

419,018

CREDITORS

Amounts falling due within one year

7

290,333

284,471

NET CURRENT ASSETS

153,047

134,547

TOTAL ASSETS LESS CURRENT LIABILITIES

154,520

137,344

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

154,518

137,342

SHAREHOLDERS' FUNDS

154,520

137,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7th January 2019 and were signed by:

Mr T J Barrington - Director

1.	STATUTORY INFORMATION

Barrington & Company (Petworth) 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 as modified by the revaluation of certain assets.

Turnover

Turnover 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.

Office equipment

-

20% on cost

Computer equipment

-

33% on cost

Assets purchased at a cost exceeding £250 are capitalised.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1st April 2017

and 31st March 2018

3,000

6,419

9,419

DEPRECIATION

At 1st April 2017

3,000

6,230

9,230

Charge for year

-

189

189

At 31st March 2018

3,000

6,419

9,419

NET BOOK VALUE

At 31st March 2018

-

-

-

At 31st March 2017

-

189

189

5.	FIXED ASSET INVESTMENTS

2018

2017

£

£

Other investments not loans

1,473

2,608

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1st April 2017

1,836

Revaluations

(589

)

At 31st March 2018

1,247

NET BOOK VALUE

At 31st March 2018

1,247

At 31st March 2017

1,836

Cost or valuation at 31st March 2018 is represented by:

Other

investments

£

Valuation in 0

1,247

Investments (neither listed nor unlisted) were as follows:

2018

2017

£

£

Cash held as investments

226

772

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by participating interests

26,821

71,821

Deposits held

107,928

67,408

Prepayments and accrued income

623

802

135,372

140,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

5,678

4,817

Tax

5,716

5,135

Social security and other taxes

6,730

7,270

Other creditors

33,785

52,098

Deposits due to tenants

107,928

67,408

Net wages control

1,743

-

Nest Creditor

30

-

Directors' current accounts

108,579

127,543

Accruals and deferred income

20,144

20,200

290,333

284,471

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1st April 2017

137,342

Profit for the year

17,176

At 31st March 2018

154,518

10.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Barrington & Company (Petworth) Limited for the year ended 31st March 2018 which comprise

the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Barrington & Company (Petworth) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barrington & Company (Petworth) Limited and state those matters that we have agreed to state to the director of Barrington & Company (Petworth) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barrington & Company (Petworth) Limited and its director for our work or for this report.

It is your duty to ensure that Barrington & Company (Petworth) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barrington & Company (Petworth) Limited. You consider that Barrington & Company (Petworth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barrington & Company (Petworth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sheen Stickland

Chartered Accountants

7 East Pallant

Chichester

West Sussex

PO19 1TR

7th January 2019