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REGISTERED NUMBER: 04645146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BANCROFTS OF LONDON LIMITED

BANCROFTS OF LONDON LIMITED (REGISTERED NUMBER: 04645146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BANCROFTS OF LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Ms T Wisniewski





SECRETARY: J Wisniewski





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 04645146 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

BANCROFTS OF LONDON LIMITED (REGISTERED NUMBER: 04645146)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 885,000 775,000

CURRENT ASSETS
Debtors 5 1,303 5,427
Cash at bank 36,363 28,310
37,666 33,737
CREDITORS
Amounts falling due within one year 6 3,269 5,738
NET CURRENT ASSETS 34,397 27,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,397

802,999

CREDITORS
Amounts falling due after more than one year 7 (481,901 ) (479,722 )

PROVISIONS FOR LIABILITIES (90,548 ) (69,648 )
NET ASSETS 346,948 253,629

CAPITAL AND RESERVES
Called up share capital 2 2
Undistributable reserves 386,021 296,921
Retained earnings (39,075 ) (43,294 )
346,948 253,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 October 2023 and were signed by:





Ms T Wisniewski - Director


BANCROFTS OF LONDON LIMITED (REGISTERED NUMBER: 04645146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Bancrofts Of London 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Comparative figures
The comparative figures in the accounts have been amended by the director to make their disclosure more meaningful.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2022 - 1 ) .

BANCROFTS OF LONDON LIMITED (REGISTERED NUMBER: 04645146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 775,000
Revaluations 110,000
At 31 January 2023 885,000
NET BOOK VALUE
At 31 January 2023 885,000
At 31 January 2022 775,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2016 271,569
Valuation in 2017 20,000
Valuation in 2022 75,000
Valuation in 2023 110,000
Cost 408,431
885,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Restated
£    £   
Other debtors 1,303 5,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Restated
£    £   
Trade creditors 1,217 -
Taxation and social security 336 4,679
Other creditors 1,716 1,059
3,269 5,738

7. CREDITORS MORE THAN ONE YEAR
2023 2022
Restated
£    £   
Amounts owed to connected companies 481,901 479,722

8. RELATED PARTY DISCLOSURES

As at balance sheet date, included within creditors is £481,901 (2022: £479,722) owed to UK Training & Development Limited. UK Training & Development Limited is related to Bancrofts Of London Limited by virtue of having a common director.

As at the balance sheet date, included within debtors is £983 (2022: £4,096), an amount owed by a director of the company. The amount owed is interest free and there are no specific repayment terms.