REGISTERED NUMBER: 10962774 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BINDLEY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

4,433

8,866

Investment property

5

3,611,600

3,611,600

3,616,033

3,620,466

CURRENT ASSETS

Debtors

6

180

173

Cash at bank

4,725

5,910

4,905

6,083

CREDITORS

Amounts falling due within one year

7

(4,148,669

)

(4,072,655

)

NET CURRENT LIABILITIES

(4,143,764

)

(4,066,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(527,731

)

(446,106

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(527,831

)

(446,206

)

SHAREHOLDERS' FUNDS

(527,731

)

(446,106

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Ms D M Brookfield - Director

1.	GENERAL INFORMATION

Bindley Limited is a private limited company (limited by shares), which is incorporated and domiciled in England and Wales. The address of the registered office is 2nd Floor, 55 Ludgate Hill, London, United Kingdom, EC4M 7JW.

The principal activity of the company is that of holding a property in Spain.

2.	ACCOUNTING POLICIES

2.1 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.

The following principal accounting policies have been applied:

2.2 Going concern

The ultimate shareholders have provided assurance of their continued support to the company. The financial statements do not include any adjustments that would result from a withdrawal of this support.

The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and the anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during that period, as well as the support from shareholders mentioned above.

2.3 Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within Administrative expenses.

2.4 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5 Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are subsequently measured at fair value as determined by the directors. No depreciation is provided. The surplus or deficit on revaluation is recognised in the statement of income and retained earnings.

2.6 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7 Creditors

Short-term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

Cost

At 1 October 2023

and 30 September 2024

196,065

Depreciation

At 1 October 2023

187,199

Charge for year

4,433

At 30 September 2024

191,632

Net book value

At 30 September 2024

4,433

At 30 September 2023

8,866

5.	INVESTMENT PROPERTY

Investment property

£

Cost or valuation

At 1 October 2023

3,611,600

At 30 September 2024

3,611,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

180

173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,000

-

Other creditors

4,145,669

4,072,655

4,148,669

4,072,655

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Shares

1

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £4,142,669 (2023: £4,070,255) to the director. The loan is shown within other creditors. No interest is charged and the loan is repayable on demand.