Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 11 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14226050 Mr Usher Rosenberg Mr Usher Rosenberg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14226050 2023-07-31 14226050 2024-07-31 14226050 2023-08-01 2024-07-31 14226050 frs-core:CurrentFinancialInstruments 2024-07-31 14226050 frs-core:FurnitureFittings 2024-07-31 14226050 frs-core:FurnitureFittings 2023-08-01 2024-07-31 14226050 frs-core:FurnitureFittings 2023-07-31 14226050 frs-core:ShareCapital 2024-07-31 14226050 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14226050 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14226050 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14226050 frs-bus:SmallEntities 2023-08-01 2024-07-31 14226050 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14226050 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14226050 frs-bus:Director1 2023-08-01 2024-07-31 14226050 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 14226050 frs-countries:EnglandWales 2023-08-01 2024-07-31 14226050 2022-07-10 14226050 2023-07-31 14226050 2022-07-11 2023-07-31 14226050 frs-core:CurrentFinancialInstruments 2023-07-31 14226050 frs-core:ShareCapital 2023-07-31 14226050 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14226050
Binyonim Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14226050
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,573 -
Investment Properties 5 468,619 -
471,192 -
CURRENT ASSETS
Stocks 6 - 130,463
Debtors 7 3,000 -
Cash at bank and in hand 13,593 -
16,593 130,463
Creditors: Amounts Falling Due Within One Year 8 (489,363 ) (131,165 )
NET CURRENT ASSETS (LIABILITIES) (472,770 ) (702 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,578 ) (702 )
NET LIABILITIES (1,578 ) (702 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (1,579 ) (703 )
SHAREHOLDERS' FUNDS (1,578) (702)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Usher Rosenberg
Director
10/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Binyonim Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14226050 . The registered office is 179 Kyverdale Road, London, N16 6PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 -
Additions 3,216
As at 31 July 2024 3,216
Depreciation
As at 1 August 2023 -
Provided during the period 643
As at 31 July 2024 643
Net Book Value
As at 31 July 2024 2,573
As at 1 August 2023 -
5. Investment Property
31 July 2024
£
Fair Value
As at 1 August 2023 -
Additions 468,619
As at 31 July 2024 468,619
6. Stocks
31 July 2024 31 July 2023
£ £
Stock - 130,463
7. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Other debtors 3,000 -
8. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Bank loans and overdrafts 342,964 -
Other creditors 146,399 131,165
489,363 131,165
9. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3