Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-101falseProperty rentalfalse 14164201 2022-06-09 14164201 2022-06-10 2023-06-30 14164201 2021-06-10 2022-06-09 14164201 2023-06-30 14164201 c:Director1 2022-06-10 2023-06-30 14164201 d:FreeholdInvestmentProperty 2022-06-10 2023-06-30 14164201 d:FreeholdInvestmentProperty 2023-06-30 14164201 d:CurrentFinancialInstruments 2023-06-30 14164201 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14164201 d:ShareCapital 2023-06-30 14164201 d:RetainedEarningsAccumulatedLosses 2023-06-30 14164201 c:OrdinaryShareClass1 2022-06-10 2023-06-30 14164201 c:OrdinaryShareClass1 2023-06-30 14164201 c:FRS102 2022-06-10 2023-06-30 14164201 c:AuditExempt-NoAccountantsReport 2022-06-10 2023-06-30 14164201 c:FullAccounts 2022-06-10 2023-06-30 14164201 c:PrivateLimitedCompanyLtd 2022-06-10 2023-06-30 14164201 e:PoundSterling 2022-06-10 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number:  14164201



















BINSOE PROP CO LIMITED
UNAUDITED DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
 30 JUNE 2023


















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BINSOE PROP CO LIMITED
REGISTERED NUMBER: 14164201

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
Note
£

Fixed assets
  

Investment property
  
181,473

  
181,473

Current assets
  

Debtors: amounts falling due within one year
  
100

Cash at bank and in hand
  
1,159

  
1,259

Creditors: amounts falling due within one year
  
(183,686)

Net current (liabilities)/assets
  
 
 
(182,427)

Total assets less current liabilities
  
(954)

  

Net (liabilities)/assets
  
(954)

Page 1

 
BINSOE PROP CO LIMITED
REGISTERED NUMBER: 14164201

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

2023
Note
£

Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(1,054)

  
(954)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J Swinbank
Director

Date: 7 March 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BINSOE PROP CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

Binsoe Prop Co Ltd is a private company limited by shares and registered in England and Wales. The  company's registered number is 14164201 and the registered address is Unit 1 Mile House Business Park, Northallerton, North Yorkshire, DL6 2NW.
The company was incorporated on 10 June 2022 and commenced trading on the same date.
The financial statements are presented in sterling and this is the functional currency of the country.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the
Page 3

 
BINSOE PROP CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
181,473



At 30 June 2023
181,473

The 2023 valuations were made by the director, on an open market value for existing use basis.








5.


Debtors

2023
£


Called up share capital not paid
100

100


Page 4

 
BINSOE PROP CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,159

1,159



7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to related undertakings
182,666

Trade creditors
1,020

183,686



8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


The company was incorporated on 10 June 2022 and issued share capital of £100 on the same day.


9.


Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with related parties which are on an arms length basis. 


Page 5