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REGISTERED NUMBER: 11361812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BANWELL HOUSE PROPERTY LIMITED

BANWELL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 11361812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BANWELL HOUSE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: T D Brett





REGISTERED OFFICE: Flat 6
Georgian House
Duke Street
Bath
BANES
BA2 4AQ





REGISTERED NUMBER: 11361812 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

BANWELL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 11361812)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 433,185 433,185

CREDITORS
Amounts falling due within one year 5 99,860 73,844
NET CURRENT LIABILITIES (99,860 ) (73,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,325

359,341

CREDITORS
Amounts falling due after more than one
year

6

310,601

318,818
NET ASSETS 22,724 40,523

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable reserve 8 73,022 73,022
Retained earnings (50,299 ) (32,500 )
22,724 40,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 January 2025 and were signed by:





T D Brett - Director


BANWELL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 11361812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Banwell House 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 433,185
NET BOOK VALUE
At 31 May 2024 433,185
At 31 May 2023 433,185

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 64,945
Valuation in 2023 8,077
Cost 360,163
433,185

BANWELL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 11361812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 4,239 1,502
Amounts owed to group undertakings 81,548 57,591
Taxation and social security (858 ) (858 )
Other creditors 14,931 15,609
99,860 73,844

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 7) 310,601 318,818

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 293,645 307,553

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,239 1,502

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,239 2,253

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,717 9,012

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 293,645 307,553

The Lenders of a loan in Bude Hotel Ltd hold a first charge on the company's investment properties.
The loan expires 31.08.2046

8. RESERVES
Non
distributable
reserve
£   
At 1 June 2023
and 31 May 2024 73,022