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REGISTERED NUMBER: 05282607 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

BAINTON PROPERTY LIMITED

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAINTON PROPERTY LIMITED

Company Information
for the year ended 30 November 2023







Directors: J C Loosemore
Mrs R C Loosemore





Secretary: Mrs R C Loosemore





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 05282607 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,985 4,442
Investments 5 20,000 7,036
Investment property 6 2,594,996 2,731,575
2,617,981 2,743,053

Current assets
Debtors 7 15,769 30,857
Cash at bank 255,898 205,328
271,667 236,185
Creditors
Amounts falling due within one year 8 7,360 23,456
Net current assets 264,307 212,729
Total assets less current liabilities 2,882,288 2,955,782

Creditors
Amounts falling due after more than one
year

9

(1,731,977

)

(1,629,846

)

Provisions for liabilities (58,319 ) (74,407 )
Net assets 1,091,992 1,251,529

Capital and reserves
Called up share capital 100 100
Fair value reserve 12 855,521 855,521
Retained earnings 12 236,371 395,908
Shareholders' funds 1,091,992 1,251,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





J C Loosemore - Director


BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Bainton Property 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.

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.

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 etc - 20% on 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.

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.

Revenue recognition
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its activities. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued

Going concern
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 December 2022
and 30 November 2023 36,143
Depreciation
At 1 December 2022 31,701
Charge for year 1,457
At 30 November 2023 33,158
Net book value
At 30 November 2023 2,985
At 30 November 2022 4,442

5. Fixed asset investments
Other
investments
£
Cost
At 1 December 2022 7,036
Additions 20,000
Disposals (7,036 )
At 30 November 2023 20,000
Net book value
At 30 November 2023 20,000
At 30 November 2022 7,036

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


6. Investment property
Total
£
Fair value
At 1 December 2022 2,731,575
Revaluations (136,579 )
At 30 November 2023 2,594,996
Net book value
At 30 November 2023 2,594,996
At 30 November 2022 2,731,575

Fair value at 30 November 2023 is represented by:
£
Valuation in 2009 (53,536 )
Valuation in 2013 77,000
Valuation in 2014 113,190
Valuation in 2015 173,019
Valuation in 2016 142,741
Valuation in 2017 102,254
Valuation in 2020 118,250
Valuation in 2021 248,325
Valuation in 2023 (136,579 )
Cost 1,810,332
2,594,996

If the investment properties had not been revalued they would have been included at the following historical cost:

30/11/23 30/11/22
£ £
Cost 1,810,332 1,810,332

The investment properties were valued on an open market basis on by the director .

7. Debtors: amounts falling due within one year
30/11/23 30/11/22
£ £
Other debtors 15,769 30,857

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


8. Creditors: amounts falling due within one year
30/11/23 30/11/22
£ £
Taxation and social security 2,860 15,485
Other creditors 4,500 7,971
7,360 23,456

9. Creditors: amounts falling due after more than one year
30/11/23 30/11/22
£ £
Bank loans 1,332,066 1,328,898
Other creditors 399,911 300,948
1,731,977 1,629,846

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,332,066 1,328,898
Other loans more 5yrs instal 399,911 300,948
1,731,977 1,629,846

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/11/23 30/11/22
£ £
Within one year 6,691 -
Between one and five years 10,594 -
17,285 -

11. Secured debts

The following secured debts are included within creditors:

30/11/23 30/11/22
£ £
Bank loans 1,332,066 1,328,898

BAINTON PROPERTY LIMITED (REGISTERED NUMBER: 05282607)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


12. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 December 2022 395,908 855,521 1,251,429
Deficit for the year (116,963 ) (116,963 )
Dividends (42,574 ) (42,574 )
At 30 November 2023 236,371 855,521 1,091,892

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£ £
J C Loosemore and Mrs R C Loosemore
Balance outstanding at start of year 1,257 (19,137 )
Amounts advanced 125,810 20,394
Amounts repaid (127,067 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,257