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Registration number: 12672559

Bingle Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 March 2024

 

Bingle Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Bingle Limited

Company Information

Director

Mr RJJ Bingle

Registered office

3 Freathy Lane
Kennington
Ashford
TN25 4QP

 

Bingle Limited

(Registration number: 12672559)
Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

467,850

467,850

Investments

5

50,450

50,450

 

518,300

518,300

Current assets

 

Debtors

6

1,429,179

1,429,179

Cash at bank and in hand

 

40,831

40,831

 

1,470,010

1,470,010

Creditors: Amounts falling due within one year

7

(162,583)

(162,583)

Net current assets

 

1,307,427

1,307,427

Net assets

 

1,825,727

1,825,727

Capital and reserves

 

Called up share capital

199

199

Retained earnings

1,825,528

1,825,528

Shareholders' funds

 

1,825,727

1,825,727

For the financial period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 March 2025
 

.........................................
Mr RJJ Bingle
Director

   
     
 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Freathy Lane
Kennington
Ashford
TN25 4QP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

Is not depreciated

Plant & Machinery

25% Straight Line

Office Equipment

5 Year Straight Line

Motor Vehicles

25% Straight Line

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Tangible assets

Land
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

446,789

35,658

649

6,000

489,096

At 30 March 2024

446,789

35,658

649

6,000

489,096

Depreciation

At 1 April 2023

-

17,361

260

3,625

21,246

At 30 March 2024

-

17,361

260

3,625

21,246

Carrying amount

At 30 March 2024

446,789

18,297

389

2,375

467,850

At 31 March 2023

446,789

18,297

389

2,375

467,850

Included within the net book value of land above is £446,789 (2023 - £446,789) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

50,450

50,450

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

5

Investments (continued)

Subsidiaries

£

Cost or valuation

At 1 April 2023

50,450

Provision

Carrying amount

At 30 March 2024

50,450

At 31 March 2023

50,450

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Xambre Limited

1-2 Rhodium Point, Spindle Close, Hawkinge, Folkestone, Kent CT18 7TQ.

England

Ordinary £1 A,B,C,D

100%

100%

Bingle Investments Limited

1-2 Rhodium Point, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ

England

Ordinary £1

100%

100%

Pristine Specialist Cleaning Services Limited

Unit 3d Rose Lane Industrial Estate, Lenham Heath, Maidstone, Kent, England, ME17 2JN

England

Ordinary £1

100%

100%

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

5

Investments (continued)

Subsidiary undertakings

Xambre Limited

The principal activity of Xambre Limited is Furnished Holiday Lets.

Bingle Investments Limited

The principal activity of Bingle Investments Limited is Investments .

Pristine Specialist Cleaning Services Limited

The principal activity of Pristine Specialist Cleaning Services Limited is Cleaning Services.

6

Debtors

Current

2024
£

2023
£

Other debtors

1,429,179

1,429,179

 

1,429,179

1,429,179

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

900

900

Taxation and social security

158,763

158,763

Accruals and deferred income

945

945

Other creditors

1,975

1,975

162,583

162,583

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

At 30 March 2024
£

Mr RJJ Bingle

Loan

488,500

488,500

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr RJJ Bingle

Loan

488,500

-

488,500

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

940,677

940,677

At end of period

940,677

940,677

2023

Subsidiary
£

Total
£

At start of period

973,357

973,357

Repaid

(32,680)

(32,680)

At end of period

940,677

940,677

Terms of loans to related parties

Loans have been provided to Xambre Limited and Bingle Investments Limited during prior years, there is no fixed repayment terms on these loans.
 

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

1,875

1,875

At end of period

1,875

1,875

 

Bingle Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024 (continued)

8

Related party transactions (continued)

2023

Subsidiary
£

Total
£

At start of period

2,053,500

2,053,500

Advanced

100,000

100,000

Repaid

(2,151,625)

(2,151,625)

At end of period

1,875

1,875

Terms of loans from related parties

A Loan has been advanced by Pristine Specialist Cleaning Services Limited this year and last. The majority has now been repaid.