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REGISTERED NUMBER: 00535957 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

BINNS & SONS (GREETLAND) LTD

BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BINNS & SONS (GREETLAND) LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr P S B Wood
Mrs H Wood





SECRETARY: Mrs H Wood





REGISTERED OFFICE: Brian Royd Mills
Greetland
Halifax
West Yorkshire
HX4 8NF





REGISTERED NUMBER: 00535957 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,999 5,881
Investment property 5 410,000 410,000
414,999 415,881

CURRENT ASSETS
Debtors 6 24,491 20,019
Cash at bank 2,506 11,256
26,997 31,275
CREDITORS
Amounts falling due within one year 7 25,106 19,953
NET CURRENT ASSETS 1,891 11,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,890

427,203

CREDITORS
Amounts falling due after more than one
year

8

(12,750

)

(21,750

)

PROVISIONS FOR LIABILITIES (11,381 ) (11,381 )
NET ASSETS 392,759 394,072

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Non distributable reserves 9 364,218 364,218
Retained earnings 24,541 25,854
SHAREHOLDERS' FUNDS 392,759 394,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Mr P S B Wood - Director


BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Binns & Sons (Greetland) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 40,579 9,948 50,527
DEPRECIATION
At 1 February 2023 40,178 4,468 44,646
Charge for year 60 822 882
At 31 January 2024 40,238 5,290 45,528
NET BOOK VALUE
At 31 January 2024 341 4,658 4,999
At 31 January 2023 401 5,480 5,881

BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 410,000
NET BOOK VALUE
At 31 January 2024 410,000
At 31 January 2023 410,000

Included within investment property:

Is investment property showing at it's open market value of £410,000. This property was valued on an open market basis in February 2006 by Wolstenholme Chartered Building Surveyors.

It was considered that the open market value of this property would not have changed materially by the year end therefore the open market value for the property has been left at £410,000.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2006 375,599
Cost 34,401
410,000

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 13,085 9,329
Other debtors 12,119 11,403
25,204 20,732

Amounts falling due after more than one year:
Other debtors 101,617 101,617
Bad debt provision (102,330 ) (102,330 )
(713 ) (713 )

Aggregate amounts 24,491 20,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 5,393 236
Taxation and social security 7,869 8,101
Other creditors 2,844 2,616
25,106 19,953

BINNS & SONS (GREETLAND) LTD (REGISTERED NUMBER: 00535957)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 12,750 21,750

9. RESERVES
Non
distributable
reserves
£   
At 1 February 2023
and 31 January 2024 364,218

10. TRANSACTIONS WITH DIRECTORS

Loans were made to Directors during the year and the balance at the year end date due to the company was £5,869.

11. ULTIMATE CONTROLLING PARTY

There is no single controlling party.