IRIS Accounts Production v24.1.0.578 13008101 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130081012022-12-31130081012023-12-31130081012023-01-012023-12-31130081012021-11-30130081012021-12-012022-12-31130081012022-12-3113008101ns15:EnglandWales2023-01-012023-12-3113008101ns14:PoundSterling2023-01-012023-12-3113008101ns10:Director12023-01-012023-12-3113008101ns10:Director22023-01-012023-12-3113008101ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113008101ns10:SmallEntities2023-01-012023-12-3113008101ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3113008101ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113008101ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113008101ns10:FullAccounts2023-01-012023-12-3113008101ns10:RegisteredOffice2023-01-012023-12-3113008101ns5:CurrentFinancialInstruments2023-12-3113008101ns5:CurrentFinancialInstruments2022-12-3113008101ns5:Non-currentFinancialInstruments2023-12-3113008101ns5:Non-currentFinancialInstruments2022-12-3113008101ns5:ShareCapital2023-12-3113008101ns5:ShareCapital2022-12-3113008101ns5:RetainedEarningsAccumulatedLosses2023-12-3113008101ns5:RetainedEarningsAccumulatedLosses2022-12-3113008101ns5:FurnitureFittings2023-01-012023-12-3113008101ns5:ComputerEquipment2023-01-012023-12-3113008101ns5:LandBuildings2022-12-3113008101ns5:LeaseholdImprovements2022-12-3113008101ns5:FurnitureFittings2022-12-3113008101ns5:ComputerEquipment2022-12-3113008101ns5:LandBuildings2023-01-012023-12-3113008101ns5:LeaseholdImprovements2023-01-012023-12-3113008101ns5:LandBuildings2023-12-3113008101ns5:LeaseholdImprovements2023-12-3113008101ns5:FurnitureFittings2023-12-3113008101ns5:ComputerEquipment2023-12-3113008101ns5:LandBuildings2022-12-3113008101ns5:LeaseholdImprovements2022-12-3113008101ns5:FurnitureFittings2022-12-3113008101ns5:ComputerEquipment2022-12-3113008101ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113008101ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13008101 (England and Wales)


UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

BANWY PROPERTIES LIMITED

BANWY PROPERTIES LIMITED (REGISTERED NUMBER: 13008101)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

BANWY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Lord W J Hague of Richmond
Mrs F L Hague





REGISTERED OFFICE: Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF





REGISTERED NUMBER: 13008101 (England and Wales)





ACCOUNTANTS: Ashton Wallace
Chartered Certified Accountants
Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF

BANWY PROPERTIES LIMITED (REGISTERED NUMBER: 13008101)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,361,622 1,355,431

CURRENT ASSETS
Debtors 5 5,906 20,983
Cash at bank 11,838 15,254
17,744 36,237
CREDITORS
Amounts falling due within one year 6 48,404 298,503
NET CURRENT LIABILITIES (30,660 ) (262,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,330,962

1,093,165

CREDITORS
Amounts falling due after more than one year 7 1,343,000 1,093,000
NET (LIABILITIES)/ASSETS (12,038 ) 165

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (12,048 ) 155
SHAREHOLDERS' FUNDS (12,038 ) 165

BANWY PROPERTIES LIMITED (REGISTERED NUMBER: 13008101)

BALANCE SHEET - continued
31ST DECEMBER 2023


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

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

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 21st May 2024 and were signed on its behalf by:




Lord W J Hague of Richmond - Director



Mrs F L Hague - Director


BANWY PROPERTIES LIMITED (REGISTERED NUMBER: 13008101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Banwy Properties 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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

BANWY PROPERTIES LIMITED (REGISTERED NUMBER: 13008101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 905,217 408,119 60,304 999 1,374,639
Additions - 12,616 203 - 12,819
At 31st December 2023 905,217 420,735 60,507 999 1,387,458
DEPRECIATION
At 1st January 2023 - - 18,542 666 19,208
Charge for year - - 6,295 333 6,628
At 31st December 2023 - - 24,837 999 25,836
NET BOOK VALUE
At 31st December 2023 905,217 420,735 35,670 - 1,361,622
At 31st December 2022 905,217 408,119 41,762 333 1,355,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,906 20,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 48,404 298,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,343,000 1,093,000

BANWY PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BANWY PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ashton Wallace
Chartered Certified Accountants
Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF


Date: .............................................