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REGISTERED NUMBER: 10223380 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Bainborough Holdings Limited

Bainborough Holdings Limited (Registered number: 10223380)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bainborough Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: W F Bainborough





REGISTERED OFFICE: C/O Gibsons Chartered Accountants,
Foresters Hall, 25-27 Westow Street,
London
SE19 3RY





REGISTERED NUMBER: 10223380 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Bainborough Holdings Limited (Registered number: 10223380)

Abridged Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £ £
FIXED ASSETS
Tangible assets 4 162 -
Investment property 5 324,490 -
324,652 -

CURRENT ASSETS
Debtors 800 -
Cash at bank and in hand 32,450 1
33,250 1
CREDITORS
Amounts falling due within one year (365,701 ) -
NET CURRENT (LIABILITIES)/ASSETS (332,451 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,799

)

1

PROVISIONS FOR LIABILITIES (1,907 ) -
NET (LIABILITIES)/ASSETS (9,706 ) 1

Bainborough Holdings Limited (Registered number: 10223380)

Abridged Balance Sheet - continued
31 March 2023

31/3/23 31/3/22
Notes £ £
CAPITAL AND RESERVES
Called up share capital 100 1
Revaluation reserve 6 (8,100 ) -
Retained earnings (1,706 ) -
SHAREHOLDERS' FUNDS (9,706 ) 1

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 November 2023 and were signed by:





W F Bainborough - Director


Bainborough Holdings Limited (Registered number: 10223380)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bainborough Holdings 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Bainborough Holdings Limited (Registered number: 10223380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has reported a loss of £7,899 for the year ended 31 March 2023. At the Balance Sheet date, the company's liabilities exceeded its assets by £9,706. £365,701 of the company's total liabilities as at 31 March 2023 included £310,245 owed to Mr W Bainborough, a director. Mr Bainborough has indicated his intention that the loan should continue to remain available to the company for the foreseeable future.

In light of the above and given that the company continues to operate within the terms of its other borrowings, the director considers it appropriate to continue to adopt the going concern basis in the preparation of the company's statutory financial statements.

The financial statements do not include any adjustments that would be necessary should any of the company's financiers demand immediate payment of its loans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£
COST
Additions 200
At 31 March 2023 200
DEPRECIATION
Charge for year 38
At 31 March 2023 38
NET BOOK VALUE
At 31 March 2023 162

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 314,490
Revaluations 10,000
At 31 March 2023 324,490
NET BOOK VALUE
At 31 March 2023 324,490

Bainborough Holdings Limited (Registered number: 10223380)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£
Valuation in 2023 10,000
Cost 314,490
324,490

6. RESERVES
Revaluation
reserve
£
Investment property reval (8,100 )

At 31 March 2023 (8,100 )