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Company Registration No. 12959254 (England and Wales)
3BAIN LIMITED Unaudited accounts for the year ended 31 October 2023
3BAIN LIMITED Unaudited accounts Contents
Page
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3BAIN LIMITED Company Information for the year ended 31 October 2023
Director
Jagdip Singh
Company Number
12959254 (England and Wales)
Registered Office
2ND FLOOR 2 ALEXANDRA TERRACE ALEXANDRA ROAD ALDERSHOT GU11 3HU ENGLAND
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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3BAIN LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
340,365 
340,365 
Current assets
Cash at bank and in hand
4,921 
2,061 
Creditors: amounts falling due within one year
(17,704)
(347,306)
Net current liabilities
(12,783)
(345,245)
Total assets less current liabilities
327,582 
(4,880)
Creditors: amounts falling due after more than one year
(325,175)
- 
Net assets/(liabilities)
2,407 
(4,880)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,406 
(4,881)
Shareholders' funds
2,407 
(4,880)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Jagdip Singh Director Company Registration No. 12959254
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3BAIN LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
3BAIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12959254. The registered office is 2ND FLOOR 2 ALEXANDRA TERRACE, ALEXANDRA ROAD, ALDERSHOT, GU11 3HU, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
340,365 
At 31 October 2023
340,365 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
564 
- 
Other creditors
2,076 
2,076 
Loans from directors
14,464 
344,630 
Accruals
600 
600 
17,704 
347,306 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
325,175 
- 
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3BAIN LIMITED Notes to the Accounts for the year ended 31 October 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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