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REGISTERED NUMBER: 09231777












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BEHAN PARTNERSHIP LIMITED

BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BEHAN PARTNERSHIP LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Mr M Behan
Mrs L C Behan





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 09231777





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,590 13,808
Investment property 5 341,000 341,000
348,590 354,808

CURRENT ASSETS
Debtors 1,427,250 1,595,501
Cash at bank 2,341,805 1,840,848
3,769,055 3,436,349
CREDITORS
Amounts falling due within one year 380,288 416,133
NET CURRENT ASSETS 3,388,767 3,020,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,737,357

3,375,024

PROVISIONS FOR LIABILITIES 6,367 4,839
NET ASSETS 3,730,990 3,370,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,730,890 3,370,085
SHAREHOLDERS' FUNDS 3,730,990 3,370,185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)

ABRIDGED BALANCE SHEET - continued
31 October 2023


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 Income Statement and an abridged Balance Sheet for the year ended 31 October 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 Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





Mr M Behan - Director


BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Behan Partnership Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 54,973
Additions 150
At 31 October 2023 55,123
DEPRECIATION
At 1 November 2022 41,165
Charge for year 6,368
At 31 October 2023 47,533
NET BOOK VALUE
At 31 October 2023 7,590
At 31 October 2022 13,808

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 341,000
NET BOOK VALUE
At 31 October 2023 341,000
At 31 October 2022 341,000

Investment property was valued professionally and is stated at fair value at 31 October 2023.


BEHAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 09231777)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr M Behan
Balance outstanding at start of year - -
Amounts advanced 20,719 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,719 -

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £1,116,768 (2022: £1,115,932) by Behan Residential Limited, £17,680 (2022: £13,893) by Behan Property Limited, £424 (2022: £1,037) by Behan Partnership Surveying Limited and £1,084 (2022: £900) by Behan New House Park Limited, companies connected by virtue of common control.

At the previous balance sheet date, the company owed £84,736 to the directors.