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REGISTERED NUMBER:
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BARRINGTON SECURITIES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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REGISTERED NUMBER:
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BARRINGTON SECURITIES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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BARRINGTON SECURITIES LIMITED (REGISTERED NUMBER: 01754297) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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BARRINGTON SECURITIES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BARRINGTON SECURITIES LIMITED (REGISTERED NUMBER: 01754297) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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BARRINGTON SECURITIES LIMITED (REGISTERED NUMBER: 01754297) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Barrington Securities Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the year ended 31 December 2016 are the first financial statements |
of Barrington Securities Limited that comply with FRS 102 The Financial Reporting Standard |
applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January |
2016. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures, fittings and equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
BARRINGTON SECURITIES LIMITED (REGISTERED NUMBER: 01754297) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
and |
equipment |
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COST |
At 1 January 2016 |
and 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 January 2016 |
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Disposals | ( |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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The company holds 10,000 Ordinary £1 shares in West Hill Tenancies Limited. 17,000 Ordinary £1 |
shares in Tudor Roof Tile Co Limited were sold during the year. B H Luckhurst is a director and |
shareholder of both companies. The investment is stated at cost. The director is of the opinion |
that the aggregate value of the shares exceeds this figure. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Taxation and social security |
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Other creditors |
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BARRINGTON SECURITIES LIMITED (REGISTERED NUMBER: 01754297) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Other loans | 131,000 | - |
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The above loan is secured by way of a fixed charge over assets owned by the director B H |
Luckhurst and family. |
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8. | RELATED PARTY DISCLOSURES |
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As at the year end, a loan of £79,220 (2015 - £79,220) from West Hill Assured Tenancies Limited |
remained outstanding. No interest has been charged on the loan and there are no formal |
repayment terms. B H Luckhurst is a director and shareholder of both companies. The company |
also holds shares in West Hill Assured Tenancies Limited. |
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During the year, a loan of £131,000 (2015 - £nil) was received from Barrington Securities Limited |
Pension Fund, with interest charged at normal commercial rates. As at the year end, the loan of |
£131,000 (2015 - £nil) remained outstanding. B H Luckhurst is a trustee of Barrington Securities |
Limited Pension Fund. During the year the company also paid costs totalling £1,440 (2015 - |
£1,440) on behalf of the Barrington Securities Limited Pension Fund in accordance with sponsoring |
employer agreement. |
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During the year, a loan of £131,000 (2015 - £nil) was paid to Halden Gate Limited Liability |
Partnership, with interest charged at normal commercial rates. As at the year end, the loan of |
£131,000 (2015 - £nil) remained outstanding. B H Luckhurst is a member of Halden Gate Limited |
Liability Partnership. |
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9. | FIRST YEAR ADOPTION |
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Reconciliation of equity |
There are no material adjustments to equity on transition to FRS 102. |
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Reconciliation of profit or loss for the year |
There are no material adjustments to profit and loss in the year of transition to FRS 102. |
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