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REGISTERED NUMBER: 05155493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Binks Developments Limited

Binks Developments Limited (Registered number: 05155493)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Binks Developments Limited (Registered number: 05155493)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Stocks 384,876 100,000
Debtors 5 14,352,761 14,352,761
14,737,637 14,452,761
CREDITORS
Amounts falling due within one year 6 13,666,091 13,370,248
NET CURRENT ASSETS 1,071,546 1,082,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,548

1,082,515

CREDITORS
Amounts falling due after more than one year 7 1,000,000 1,000,000
NET ASSETS 71,548 82,515

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 71,546 82,513
SHAREHOLDERS' FUNDS 71,548 82,515

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

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

Binks Developments Limited (Registered number: 05155493)

Balance Sheet - continued
31 October 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 21 October 2024 and were signed on its behalf by:





H L Davies - Director


Binks Developments Limited (Registered number: 05155493)

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

1. STATUTORY INFORMATION

Binks Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05155493

Registered office: Cawthorne House
19 Tivy Dale
Cawthorne
Barnsley
South Yorkshire
S75 4EJ

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks represent the cost or net realisable value of plots owned by the company inclusive, where applicable, of bank interest attributable to the plot awaiting development.

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.


Binks Developments Limited (Registered number: 05155493)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 2
NET BOOK VALUE
At 31 October 2023 2
At 31 October 2022 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,862 28,862
Amounts owed by group undertakings 13,609,707 13,609,707
Other debtors 714,192 714,192
14,352,761 14,352,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 81,403 86,277
Amounts owed to group undertakings 11,973,808 11,689,573
Other creditors 1,610,880 1,594,398
13,666,091 13,370,248

Binks Developments Limited (Registered number: 05155493)

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

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be R D and P Binks who,directly or indirectly have an interest in 100% of the issued share capital between them.