2024-04-012025-03-312025-03-31false11787113BANNING GROUP PROPERTIES 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BANNING GROUP PROPERTIES LTD

Registered Number
11787113
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

BANNING GROUP PROPERTIES LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

EYRUMLU, Azad, Dr
SHAKIR, Honar

Company Secretary

EYRUMLU, Azad

Registered Address

74 Pentland Road
Slough
SL2 1TN

Registered Number

11787113 (England and Wales)
BANNING GROUP PROPERTIES LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets332,87739,681
Tangible assets412,738,57312,090,596
12,771,45012,130,277
Current assets
Stocks5167,916-
Debtors61,403,440481,979
Cash at bank and on hand20,34021,157
1,591,696503,136
Creditors amounts falling due within one year7(2,529,040)(122,522)
Net current assets (liabilities)(937,344)380,614
Total assets less current liabilities11,834,10612,510,891
Creditors amounts falling due after one year8(10,841,974)(9,999,687)
Net assets992,1322,511,204
Capital and reserves
Called up share capital1,0001,000
Profit and loss account991,1322,510,204
Shareholders' funds992,1322,511,204
The financial statements were approved and authorised for issue by the Board of Directors on 25 June 2025, and are signed on its behalf by:
EYRUMLU, Azad, Dr
Director
SHAKIR, Honar
Director

Registered Company No. 11787113
BANNING GROUP PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings1-
Plant and machinery-7
Fixtures and fittings-4
Office Equipment-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20252024
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2468,04668,046
At 31 March 2568,04668,046
Amortisation and impairment
At 01 April 2428,36528,365
Charge for year6,8046,804
At 31 March 2535,16935,169
Net book value
At 31 March 2532,87732,877
At 31 March 2439,68139,681
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2410,706,703318,9822,364,08721,57313,411,345
Additions262,997228,400864,830-1,356,227
At 31 March 2510,969,700547,3823,228,91721,57314,767,572
Depreciation and impairment
At 01 April 24278,416250,525776,36015,4481,320,749
Charge for year62,79346,930593,1345,393708,250
At 31 March 25341,209297,4551,369,49420,8412,028,999
Net book value
At 31 March 2510,628,491249,9271,859,42373212,738,573
At 31 March 2410,428,28768,4571,587,7276,12512,090,596
5.Stocks

2025

2024

££
Raw materials and consumables167,916-
Total167,916-
6.Debtors: amounts due within one year

2025

2024

££
Amounts owed by group undertakings1,006,3291
Other debtors315,225245,295
Deferred tax asset, debtors81,88681,887
Total1,403,440327,183
7.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables1,27877,558
Bank borrowings and overdrafts13,73627,035
Amounts owed to related parties2,496,097-
Finance lease and HP contracts17,92917,929
Total2,529,040122,522
8.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts3,751,8492,598,042
Amounts owed to related parties6,947,8907,132,019
Other creditors142,235269,626
Total10,841,9749,999,687
9.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts142,234160,163
10.Related party transactions
The intercompany balances consist entirely of related party transactions, which form part of the ultimate controlling party. The accumulated balance as at year end, owed by the company is £9,411,185 (2024 - £7,132,019)
11.Controlling party
The ultimate controlling party is IONOMER Ltd.