Barilone Properties Limited - Accounts to registrar (filleted) - small 23.1.2
Barilone Properties Limited - Accounts to registrar (filleted) - small 23.1.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
FOR |
BARILONE PROPERTIES LIMITED |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BARILONE PROPERTIES LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 June 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Leonard House |
5 - 7 Newman Road |
Bromley |
Kent |
BR1 1RJ |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
BALANCE SHEET |
30 June 2022 |
2022 | 2021 |
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 ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
BALANCE SHEET - continued |
30 June 2022 |
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 |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2022 |
1. | STATUTORY INFORMATION |
Barilone Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rent received. |
Tangible fixed assets |
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows: |
Fixtures, fittings & equipment - 20% on reducing balance |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 June 2022 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 July 2021 |
and 30 June 2022 |
DEPRECIATION |
At 1 July 2021 |
Charge for year |
At 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2021 |
Additions |
Disposals | ( |
) |
Revaluations | 354,000 |
At 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
The investment properties are shown at valuation, having been revalued by Ibbett Mosely in June 2023. These valuations have been adjusted to reflect the increase in house prices in the south east of England since the year end. The original cost of the freehold investment properties was £875,052 (2021: £870,406). |
Fair value at 30 June 2022 is represented by: |
£ |
Valuation in 2022 | 7,536,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
BARILONE PROPERTIES LIMITED (REGISTERED NUMBER: 00670714) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 June 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
2022 | 2021 |
£ | £ |
Deferred tax | 915,000 | 880,000 |
Deferred |
tax |
£ |
Balance at 1 July 2021 |
Provided during year |
Balance at 30 June 2022 |
9. | ULTIMATE CONTROLLING PARTY |
Barilone Properties Limited is under the common control of the two directors. |