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Company Registration No. 13648473 (England and Wales)
Bains Assets Ltd Unaudited accounts for the year ended 30 September 2025
Bains Assets Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bains Assets Ltd Company Information for the year ended 30 September 2025
Directors
Amrit Singh Bains Balbinder Kaur Bains Ranjit Singh Bains
Company Number
13648473 (England and Wales)
Registered Office
19 SWANTON ROAD ERITH KENT DA8 1LP ENGLAND
Accountants
Golding & Co Accounting Services Limited 29 Blackwood Close West Byfleet Surrey KT14 6PP
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Bains Assets Ltd Statement of financial position as at 30 September 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
398,439 
- 
Current assets
Debtors
5
34,549 
- 
Cash at bank and in hand
5,411 
1,000 
39,960 
1,000 
Creditors: amounts falling due within one year
6
(162,276)
- 
Net current (liabilities)/assets
(122,316)
1,000 
Total assets less current liabilities
276,123 
1,000 
Creditors: amounts falling due after more than one year
7
(283,500)
- 
Net (liabilities)/assets
(7,377)
1,000 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(8,377)
- 
Shareholders' funds
(7,377)
1,000 
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by
Balbinder Kaur Bains Director Company Registration No. 13648473
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Bains Assets Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Bains Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 13648473. The registered office is 19 SWANTON ROAD, ERITH, KENT, DA8 1LP, 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
These financial statements for the year ended 30 September 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover
Turnover represents rental income receivable from investment properties, recognised in the period to which it relates. Rental income is recognised on a straight line basis over the lease term.
Investment property
Investment property is initially recognised at cost, including directly attributable costs such as stamp duty, legal fees and other professional costs incurred on acquisition. Expenditure incurred in preparing the property for letting is capitalised where it enhances the property or brings it into a lettable condition. Subsequent expenditure is recognised as an expense in profit or loss unless it is probable that it will result in future economic benefits to the company, in which case it is capitalised. Investment property is subsequently measured at fair value, with changes in fair value recognised in profit or loss.
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Bains Assets Ltd Notes to the Accounts for the year ended 30 September 2025
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2024
- 
Additions
398,439 
At 30 September 2025
398,439 
Depreciation
At 30 September 2025
- 
Net book value
At 30 September 2025
398,439 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
12,150 
- 
Other debtors
22,399 
- 
34,549 
- 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
159,276 
- 
Accruals
1,200 
- 
Deferred income
1,800 
- 
162,276 
- 
Deferred income represents rental income received in advance of the period to which it relates and is recognised as income over the term of the tenancy agreements.
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
283,500 
- 
The bank loan comprises a buy-to-let mortgage secured against the company’s investment property. The loan is repayable over a term of 25 years and bears interest at a fixed rate of 4.86% per annum until 1 March 2030, after which it will revert to the lender’s standard variable rate (Buy to Let Base Rate). The loan is interest-only, with no scheduled capital repayments during the term. The outstanding principal is repayable in full at the end of the loan term. The loan is secured by a legal charge over the investment property.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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