Company Registration No. 9189385 (England and Wales)
BYNGS PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 August 2023
BYNGS PROPERTIES LIMITED
Unaudited accounts
Contents
BYNGS PROPERTIES LIMITED
Company Information
for the year ended 31 August 2023
Directors
Donna Byng
Trevor Byng
Company Number
9189385 (England and Wales)
Registered Office
18 Porchester Road
Fareham
Hampshire
PO16 8PT
England
Accountants
CASA Accountancy & Bookkeeping Ltd
17 Lipizzaner Fields
Whiteley
Fareham
Hampshire
PO15 7BH
BYNGS PROPERTIES LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
291,952
163,933
Cash at bank and in hand
14,378
310,165
Creditors: amounts falling due within one year
(2,236)
(219,386)
Net current assets
23,903
90,779
Total assets less current liabilities
315,855
254,712
Creditors: amounts falling due after more than one year
(248,712)
(188,733)
Called up share capital
100
100
Profit and loss account
67,043
65,879
Shareholders' funds
67,143
65,979
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2024 and were signed on its behalf by
Donna Byng
Director
Company Registration No. 9189385
BYNGS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
BYNGS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9189385. The registered office is 18 Porchester Road, Fareham, Hampshire, PO16 8PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2% Straight Line
4
Tangible fixed assets
Land & buildings
At 1 September 2022
167,278
There has been a significant change to the Land & Building value during the year which has dramatically changed the value of the property with a NBV at 31/08/2021 of £365,200. Awaiting an official valuation from the insurance company, any revaluation will be reflected in 21/22 accounting year.
BYNGS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
206,332
Taxes and social security
1,386
9,124
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
135,851
82,931
Loans from directors
112,861
105,802
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).