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Company Registration No. 10819956 (England and Wales)
Bancil Limited Unaudited accounts for the year ended 30 June 2024
Bancil Limited Unaudited accounts Contents
Page
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Bancil Limited Company Information for the year ended 30 June 2024
Director
Mr Lakhwinder Singh Bancil
Secretary
Mr Avtar Singh Bancil
Company Number
10819956 (England and Wales)
Registered Office
37 SEYMOUR ROAD SLOUGH SL1 2NS ENGLAND
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Bancil Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
200,000 
175,000 
Current assets
Debtors
- 
1,183 
Cash at bank and in hand
13,655 
9,366 
13,655 
10,549 
Creditors: amounts falling due within one year
(2,394)
(1,216)
Net current assets
11,261 
9,333 
Net assets
211,261 
184,333 
Capital and reserves
Called up share capital
127,000 
127,000 
Revaluation reserve
76,139 
51,139 
Profit and loss account
8,122 
6,194 
Shareholders' funds
211,261 
184,333 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2024 and were signed on its behalf by
Mr Lakhwinder Singh Bancil Director Company Registration No. 10819956
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Bancil Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Bancil Limited is a private company, limited by shares, registered in England and Wales, registration number 10819956. The registered office is 37 SEYMOUR ROAD, SLOUGH, SL1 2NS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
175,000 
Net gain from fair value adjustments
25,000 
At 30 June 2024
200,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,183 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
534 
420 
Taxes and social security
1,860 
796 
2,394 
1,216 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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