General Information
BINNEL I.O.W. LLP is a limited liability partnership, registered in England and Wales, registration number OC430247, registration address Inglewood Old Park Road , St Lawrence, Hampshire, PO38 1XR.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold Property/Property Improvement |
25% Reducing Balance |
Fixtures and Fittings |
25% Reducing Balance
|
|
2. |
Average number of employees
Average number of employees during the year was 0 (2022 : 0).
|
3. |
Intangible fixed assets
Cost |
Goodwill |
|
Total |
|
£ |
|
£ |
At 01 April 2022 |
10,000 |
|
10,000 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2023 |
10,000 |
|
10,000 |
Amortisation |
At 01 April 2022 |
2,000 |
|
2,000 |
Charge for year |
1,000 |
|
1,000 |
On disposals |
- |
|
- |
At 31 March 2023 |
3,000 |
|
3,000 |
Net book values |
At 31 March 2023 |
7,000 |
|
7,000 |
At 31 March 2022 |
8,000 |
|
8,000 |
|
4. |
Tangible fixed assets
Cost or valuation |
Leasehold Property/Property Improvement |
|
Fixtures and Fittings |
|
Total |
|
£ |
|
£ |
|
£ |
At 01 April 2022 |
19,810 |
|
5,000 |
|
24,810 |
Additions |
- |
|
- |
|
- |
Disposals |
- |
|
- |
|
- |
At 31 March 2023 |
19,810 |
|
5,000 |
|
24,810 |
Depreciation |
At 01 April 2022 |
3,076 |
|
2,188 |
|
5,264 |
Charge for year |
1,600 |
|
703 |
|
2,303 |
On disposals |
- |
|
- |
|
- |
At 31 March 2023 |
4,676 |
|
2,891 |
|
7,567 |
Net book values |
Closing balance as at 31 March 2023 |
15,134 |
|
2,109 |
|
17,243 |
Opening balance as at 01 April 2022 |
16,734 |
|
2,812 |
|
19,546 |
|
5. |
Members' Interests
|
Members' capital |
|
Other reserves |
|
Total |
|
|
Balance at 01 April 2022 |
24,945 |
|
10,718 |
|
35,663 |
|
Profit for the period available for discretionary division among members |
0 |
|
18,033 |
|
18,033 |
|
Members' interests after profit for the period |
24,945 |
|
28,751 |
|
53,696 |
|
Repaid to members |
(8,960) |
|
0 |
|
(8,960) |
|
Other movements |
10,718 |
|
(10,718) |
|
0 |
|
Balance at 31 March 2023 |
26,703 |
|
18,033 |
|
44,736 |
|
|
|
2
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