IRIS Accounts Production v24.3.2.46 01692785 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016927852023-06-30016927852024-06-30016927852023-07-012024-06-30016927852022-06-30016927852022-07-012023-06-30016927852023-06-3001692785ns15:EnglandWales2023-07-012024-06-3001692785ns14:PoundSterling2023-07-012024-06-3001692785ns10:Director12023-07-012024-06-3001692785ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001692785ns10:SmallEntities2023-07-012024-06-3001692785ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001692785ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001692785ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001692785ns10:FullAccounts2023-07-012024-06-3001692785ns10:RegisteredOffice2023-07-012024-06-3001692785ns5:CurrentFinancialInstruments2024-06-3001692785ns5:CurrentFinancialInstruments2023-06-3001692785ns5:Non-currentFinancialInstruments2024-06-3001692785ns5:Non-currentFinancialInstruments2023-06-3001692785ns5:ShareCapital2024-06-3001692785ns5:ShareCapital2023-06-3001692785ns5:RetainedEarningsAccumulatedLosses2024-06-3001692785ns5:RetainedEarningsAccumulatedLosses2023-06-3001692785ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3001692785ns5:PlantMachinery2023-06-3001692785ns5:FurnitureFittings2023-06-3001692785ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3001692785ns5:PlantMachinery2023-07-012024-06-3001692785ns5:FurnitureFittings2023-07-012024-06-3001692785ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3001692785ns5:PlantMachinery2024-06-3001692785ns5:FurnitureFittings2024-06-3001692785ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3001692785ns5:PlantMachinery2023-06-3001692785ns5:FurnitureFittings2023-06-3001692785ns5:MotorVehicles2023-06-3001692785ns5:ComputerEquipment2023-06-3001692785ns5:MotorVehicles2023-07-012024-06-3001692785ns5:ComputerEquipment2023-07-012024-06-3001692785ns5:MotorVehicles2024-06-3001692785ns5:ComputerEquipment2024-06-3001692785ns5:MotorVehicles2023-06-3001692785ns5:ComputerEquipment2023-06-3001692785ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001692785ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 01692785 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BANNER PROPERTY SERVICES LIMITED

BANNER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01692785)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BANNER PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: O B Quarrell





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 01692785 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

BANNER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01692785)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,693 47,312

CURRENT ASSETS
Stocks 1,900 4,106
Debtors 5 65,469 163,664
Cash at bank and in hand 46,767 95,426
114,136 263,196
CREDITORS
Amounts falling due within one year 6 118,768 168,061
NET CURRENT (LIABILITIES)/ASSETS (4,632 ) 95,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,061

142,447

CREDITORS
Amounts falling due after more than one
year

7

12,233

22,682
NET ASSETS 38,828 119,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,728 119,665
38,828 119,765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 March 2025 and were signed by:





O B Quarrell - Director


BANNER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01692785)

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

1. STATUTORY INFORMATION

Banner Property Services 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 annual rates in order to write off each asset over it's estimated useful life.

Long Leasehold relates to improvements carried at cost with no depreciation provided.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that to depreciate it would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 9 (2023 - 11 ) .

BANNER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01692785)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 30,234 5,848 16,634
Additions - 29,997 -
Disposals - - -
At 30 June 2024 30,234 35,845 16,634
DEPRECIATION
At 1 July 2023 - 3,744 16,634
Charge for year - 10,935 -
Eliminated on disposal - - -
At 30 June 2024 - 14,679 16,634
NET BOOK VALUE
At 30 June 2024 30,234 21,166 -
At 30 June 2023 30,234 2,104 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 47,066 32,313 132,095
Additions - 945 30,942
Disposals (35,922 ) - (35,922 )
At 30 June 2024 11,144 33,258 127,115
DEPRECIATION
At 1 July 2023 36,788 27,617 84,783
Charge for year 332 2,347 13,614
Eliminated on disposal (26,975 ) - (26,975 )
At 30 June 2024 10,145 29,964 71,422
NET BOOK VALUE
At 30 June 2024 999 3,294 55,693
At 30 June 2023 10,278 4,696 47,312

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 55,512 72,911
Other debtors 9,957 35,753
65,469 108,664

Amounts falling due after more than one year:
Amounts owed by participating interests - 55,000

Aggregate amounts 65,469 163,664

BANNER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01692785)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,600 9,707
Hire purchase contracts - 404
Trade creditors 34,128 98,567
Taxation and social security 46,027 41,128
Other creditors 8,013 18,255
118,768 168,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,233 22,682

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is an amount of £3,161 (2023: £536) owed to the director Mr O B Quarrell. The loan is interest free.

Included in debtors, amounts falling due after more than one year is a balance of £Nil (2023: £ 55,000) due to companies associated by the common director Mr O B Quarrell. The loan is interest free.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is O B Quarrell.