Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-04-0111truetrue 00103992 2023-04-01 2024-03-31 00103992 2022-04-01 2023-03-31 00103992 2024-03-31 00103992 2023-03-31 00103992 c:Director1 2023-04-01 2024-03-31 00103992 d:FurnitureFittings 2023-04-01 2024-03-31 00103992 d:FurnitureFittings 2024-03-31 00103992 d:FurnitureFittings 2023-03-31 00103992 d:FreeholdInvestmentProperty 2024-03-31 00103992 d:FreeholdInvestmentProperty 2023-03-31 00103992 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 00103992 d:CurrentFinancialInstruments 2024-03-31 00103992 d:CurrentFinancialInstruments 2023-03-31 00103992 d:Non-currentFinancialInstruments 2024-03-31 00103992 d:Non-currentFinancialInstruments 2023-03-31 00103992 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00103992 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00103992 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00103992 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00103992 d:ShareCapital 2024-03-31 00103992 d:ShareCapital 2023-03-31 00103992 d:SharePremium 2024-03-31 00103992 d:SharePremium 2023-03-31 00103992 d:CapitalRedemptionReserve 2024-03-31 00103992 d:CapitalRedemptionReserve 2023-03-31 00103992 d:RevaluationReserve 2024-03-31 00103992 d:RevaluationReserve 2023-03-31 00103992 d:RetainedEarningsAccumulatedLosses 2024-03-31 00103992 d:RetainedEarningsAccumulatedLosses 2023-03-31 00103992 c:FRS102 2023-04-01 2024-03-31 00103992 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00103992 c:FullAccounts 2023-04-01 2024-03-31 00103992 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00103992







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BINNEYS INVESTMENTS LIMITED






































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BINNEYS INVESTMENTS LIMITED
REGISTERED NUMBER:00103992



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
550,000
350,000

  
550,000
350,000

Current assets
  

Debtors: amounts falling due within one year
  
33,952
35,309

Bank and cash balances
  
6,054
18,489

  
40,006
53,798

Creditors: amounts falling due within one year
  
(91,139)
(102,337)

Net current liabilities
  
 
 
(51,133)
 
 
(48,539)

Total assets less current liabilities
  
498,867
301,461

Creditors: amounts falling due after more than one year
  
(6,625)
(9,469)

Provisions for liabilities
  

Other provisions
  
(50,000)
-

  
 
 
(50,000)
 
 
-

Net assets
  
442,242
291,992


Capital and reserves
  

Called up share capital 
  
4,080
4,080

Share premium account
  
3,993
3,993

Revaluation reserve
  
200,000
-

Capital redemption reserve
  
1,679
1,679

Profit and loss account
  
232,490
282,240

  
442,242
291,992

Page 1

 


BINNEYS INVESTMENTS LIMITED
REGISTERED NUMBER:00103992


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
R H G Hawkins
Director

Date: 14 August 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


BINNEYS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

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

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. Rental income is recognised on a straight-line basis onver the year in which rental relates.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


BINNEYS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Improvements to property
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees during the year was 1 (2023 - 1).

Page 4

 


BINNEYS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Improvement to property

£



Cost or valuation


At 1 April 2023
6,130



At 31 March 2024

6,130



Depreciation


At 1 April 2023
6,130



At 31 March 2024

6,130



Net book value



At 31 March 2024
-



At 31 March 2023
-

Page 5

 


BINNEYS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
350,000


Surplus on revaluation
200,000



At 31 March 2024
550,000


Comprising


Cost
245,708

Annual revaluation surplus/(deficit):


Improvements
104,292

2024 revaluation
200,000

At 31 March 2024
550,000

The 2024 valuations were made by the director, on an open market value for existing use basis. In forming his opinion, the director has considered his own knowledge and experience of the market.


2024
2023
£
£


Historic cost
245,708
245,708

245,708
245,708


6.


Debtors

2024
2023
£
£


Trade debtors
5,045
7,432

Amounts owed by associates
28,907
27,877

33,952
35,309


Page 6

 


BINNEYS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,994
2,919

Trade creditors
-
369

Corporation tax
15,821
14,625

Amounts owed to associates
69,324
83,224

Accruals and deferred income
3,000
1,200

91,139
102,337



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,625
9,469

6,625
9,469



9.


Related party transactions

At the balance sheet date, the company owed £38,593 (2023: £54,123) to respective related parties. This balance is interest-free.
 
Page 7