COMPANY REGISTRATION NUMBER:
07520552
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Bingham Property (Wentdale) Limited |
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|
Filleted Unaudited Financial Statements |
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Bingham Property (Wentdale) Limited |
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Statement of Financial Position (continued) |
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31 January 2026
Capital and reserves
|
Called up share capital |
|
5 |
|
5 |
|
Non distributable |
|
222,344 |
|
222,344 |
|
Profit and loss account |
|
53,947 |
|
51,865 |
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|
---------- |
|
---------- |
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Shareholders funds |
|
276,296 |
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274,214 |
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|
---------- |
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---------- |
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|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
12 October 2026
, and are signed on behalf of the board by:
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Mr. M.G. Bingham |
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Director |
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Company registration number:
07520552
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Bingham Property (Wentdale) Limited |
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Notes to the Financial Statements |
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Year ended 31 January 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 108 Park Drive, Campsall, Doncaster, DN6 9NX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis and investment properties are measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income from rent received is recognised in accordance with terms and conditions of the relevant lease agreement.
(c)
Going concern
The UK economy continues to face a degree of economic uncertainty, including the ongoing effects of inflation, interest rates and energy costs. These factors have affected the company's trading results to varying degrees. In preparing these financial statements, the directors have considered the potential impact of these matters based on the information available at the date of approval and do not believe they will affect the company's ability to continue trading for the foreseeable future. Accordingly, at the date of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. The directors have therefore prepared the financial statements on a going concern basis.
(d)
Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(e)
Tangible assets
Tangible assets are initially recorded at cost/valuation, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f)
Investment property
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
(g)
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(h)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors amounted to
5
(2025: 5
).
5.
Tangible assets
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Investment property |
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£ |
|
Cost |
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At 1 February 2025 and 31 January 2026 |
525,000 |
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---------- |
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Depreciation |
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At 1 February 2025 and 31 January 2026 |
– |
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---------- |
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Carrying amount |
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At 31 January 2026 |
525,000 |
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---------- |
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At 31 January 2025 |
525,000 |
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---------- |
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Investment property has been valued at market value by the directors who have experience in the location and category of the investment property concerned.
6.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Trade debtors |
350 |
– |
|
---- |
---- |
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7.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Accruals |
1,212 |
1,130 |
|
Corporation tax |
8,112 |
7,348 |
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Director loan accounts |
179,881 |
179,881 |
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---------- |
---------- |
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189,205 |
188,359 |
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---------- |
---------- |
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8.
Related party transactions
During the year the
directors
made available loans to the company.
The loans are interest free and repayable on demand.
At the year end date the balance due to the directors totalled £ 179,881
(2025 : £179,881).