IRIS Accounts Production v24.3.0.553 05940238 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059402382023-04-30059402382024-04-30059402382023-05-012024-04-30059402382022-04-30059402382022-05-012023-04-30059402382023-04-3005940238ns15:EnglandWales2023-05-012024-04-3005940238ns14:PoundSterling2023-05-012024-04-3005940238ns10:Director12023-05-012024-04-3005940238ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005940238ns10:SmallEntities2023-05-012024-04-3005940238ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005940238ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005940238ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005940238ns10:FullAccounts2023-05-012024-04-3005940238ns10:Director22023-05-012024-04-3005940238ns10:Director32023-05-012024-04-3005940238ns10:CompanySecretary12023-05-012024-04-3005940238ns10:RegisteredOffice2023-05-012024-04-3005940238ns5:CurrentFinancialInstruments2024-04-3005940238ns5:CurrentFinancialInstruments2023-04-3005940238ns5:Non-currentFinancialInstruments2024-04-3005940238ns5:Non-currentFinancialInstruments2023-04-3005940238ns5:ShareCapital2024-04-3005940238ns5:ShareCapital2023-04-3005940238ns5:RevaluationReserve2024-04-3005940238ns5:RevaluationReserve2023-04-3005940238ns5:RetainedEarningsAccumulatedLosses2024-04-3005940238ns5:RetainedEarningsAccumulatedLosses2023-04-3005940238ns5:FurnitureFittings2023-04-3005940238ns5:FurnitureFittings2024-04-3005940238ns5:FurnitureFittings2023-04-3005940238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3005940238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3005940238ns5:Secured2024-04-3005940238ns5:Secured2023-04-30
REGISTERED NUMBER: 05940238 (England and Wales)












BJN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






BJN LIMITED (REGISTERED NUMBER: 05940238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BJN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N I Cole
Mrs J L Cole
S Cole





SECRETARY: Mrs J L Cole





REGISTERED OFFICE: 3-4 Lower Vicarage Road
Woolston
Southampton
Hampshire
SO19 7RJ





REGISTERED NUMBER: 05940238 (England and Wales)

BJN LIMITED (REGISTERED NUMBER: 05940238)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 425,000 425,000
425,000 425,000

CURRENT ASSETS
Debtors 6 50,589 20,357
Cash at bank - 6,836
50,589 27,193
CREDITORS
Amounts falling due within one year 7 (22,600 ) (29,621 )
NET CURRENT ASSETS/(LIABILITIES) 27,989 (2,428 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,989

422,572

CREDITORS
Amounts falling due after more than one
year

8

(293,559

)

(315,087

)
NET ASSETS 159,430 107,485

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss reserve - unrealised (82,262 ) (82,262 )
Profit and loss reserve - realised 241,592 189,647
SHAREHOLDERS' FUNDS 159,430 107,485

BJN LIMITED (REGISTERED NUMBER: 05940238)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





S Cole - Director


BJN LIMITED (REGISTERED NUMBER: 05940238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

BJN 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Rental income
Rental income is based on the amounts receivable from tenants occupying the company's investment property.

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 - Straight line over 5 years

Fixtures and fittings assets have been fully depreciated.

Investment property
The investment property is shown at its fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

BJN LIMITED (REGISTERED NUMBER: 05940238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 May 2023
and 30 April 2024 6,223
DEPRECIATION
At 1 May 2023
and 30 April 2024 6,223
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 425,000
NET BOOK VALUE
At 30 April 2024 425,000
At 30 April 2023 425,000

Fair value at 30 April 2024 is represented by:
£
Valuation in 2009 42,738
Valuation in 2010 (60,000 )
Valuation in 2019 (65,000 )
Cost 507,262
425,000

The investment property was revalued on an open market basis by the directors at the balance sheet date.

If the property was to be sold at this value, no tax liability would arise.

BJN LIMITED (REGISTERED NUMBER: 05940238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 7,382 13,400
Other debtors 43,207 6,957
50,589 20,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 20,700 20,010
Trade creditors - 35
Taxation and social security - 8,576
Other creditors 1,900 1,000
22,600 29,621

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 134,744 155,387
Amounts owed to group undertakings 158,815 159,700
293,559 315,087

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 45,410 68,802
45,410 68,802

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 155,387 175,397

The bank loan is secured against the investment property.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the directors owed the company £1,050 (2023 - £nil). The loans are interest free and repayable upon demand.