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REGISTERED NUMBER: 09027309 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

Banyan Investments Limited

Banyan Investments Limited (Registered number: 09027309)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Banyan Investments Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr A Stella





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09027309 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Banyan Investments Limited (Registered number: 09027309)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,077 2,647
Investment property 5 1,851,558 1,809,891
1,855,635 1,812,538

CURRENT ASSETS
Debtors 6 4,002 97,218
Cash at bank and in hand 104,730 14,360
108,732 111,578
CREDITORS
Amounts falling due within one year 7 768,621 856,566
NET CURRENT LIABILITIES (659,889 ) (744,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,195,746 1,067,550

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,195,744 1,067,548
SHAREHOLDERS' FUNDS 1,195,746 1,067,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Banyan Investments Limited (Registered number: 09027309)

Statement of Financial Position - continued
31 May 2023


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 21 February 2024 and were signed by:





Mr A Stella - Director


Banyan Investments Limited (Registered number: 09027309)

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

1. STATUTORY INFORMATION

Banyan Investments 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 June 2022 6,639
Additions 2,789
At 31 May 2023 9,428
DEPRECIATION
At 1 June 2022 3,992
Charge for year 1,359
At 31 May 2023 5,351
NET BOOK VALUE
At 31 May 2023 4,077
At 31 May 2022 2,647

Banyan Investments Limited (Registered number: 09027309)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,809,891
Additions 41,667
At 31 May 2023 1,851,558
NET BOOK VALUE
At 31 May 2023 1,851,558
At 31 May 2022 1,809,891

The investment property is currently going under significant improvement and revaluation is not possible until the work is completed. Improvement expense incurred in the year is added to the cost of the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 900
Other debtors 4,002 96,318
4,002 97,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 32,380 23,089
Other creditors 736,241 833,477
768,621 856,566

8. RELATED PARTY DISCLOSURES

The Director Mr A Stella is considered to be the key management personnel.