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REGISTERED NUMBER: 06435462 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bainfield Limited

Bainfield Limited (Registered number: 06435462)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Bainfield Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms W Halstead





SECRETARY: Ms W Halstead





REGISTERED OFFICE: 20-22 Wenlock Road
London Britain Companies House
London
N1 7GU





REGISTERED NUMBER: 06435462 (England and Wales)





ACCOUNTANTS: William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

Bainfield Limited (Registered number: 06435462)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 559,811 560,237

CURRENT ASSETS
Debtors 5 19,740 24,751
Cash at bank 114,938 10,859
134,678 35,610
CREDITORS
Amounts falling due within one year 6 61,758 52,245
NET CURRENT ASSETS/(LIABILITIES) 72,920 (16,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,731

543,602

CREDITORS
Amounts falling due after more than one
year

7

298,365

154,739
NET ASSETS 334,366 388,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 334,266 388,763
SHAREHOLDERS' FUNDS 334,366 388,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bainfield Limited (Registered number: 06435462)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 19 September 2024 and were signed by:





Ms W Halstead - Director


Bainfield Limited (Registered number: 06435462)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bainfield 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2022 - 4 ) .

Bainfield Limited (Registered number: 06435462)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 558,534 7,594 566,128
DEPRECIATION
At 1 January 2023 - 5,891 5,891
Charge for year - 426 426
At 31 December 2023 - 6,317 6,317
NET BOOK VALUE
At 31 December 2023 558,534 1,277 559,811
At 31 December 2022 558,534 1,703 560,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 19,740 18,715
Other debtors - 6,036
19,740 24,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 28,465 38,047
Trade creditors - 923
Tax 5,991 10,834
Social security and other taxes 15,020 2,439
VAT 2,957 -
Directors' current accounts 100 2
Accrued expenses 9,225 -
61,758 52,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 298,365 154,739

Bainfield Limited (Registered number: 06435462)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 326,830 192,786

Atom Bank PLC holds a bond and a floating charge together with standard security over the property at 122 Ferry Road, Edinburgh.

Bainfield Limited

Report of the Accountants to the Director of
Bainfield Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 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.






William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


19 September 2024