ACCOUNTS - Final Accounts preparation

Company registration number: 00103992

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	BINNEYS INVESTMENTS LIMITED


BINNEYS INVESTMENTS LIMITED

COMPANY INFORMATION

Director	R H G Hawkins


Registered number	00103992


Registered office	Chandos Business Centre
	87 Warwick Street
	Leamington Spa
	CV32 4RJ


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


BINNEYS INVESTMENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


BINNEYS INVESTMENTS LIMITED REGISTERED NUMBER:00103992

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property		550,000		550,000
		550,000		550,000
Current assets
Debtors: amounts falling due within one year	47,742		33,952
Cash at bank and in hand	1,168		6,054
	48,910		40,006
Creditors: amounts falling due within one year	(86,385)		(91,139)
Net current liabilities		(37,475)		(51,133)
Total assets less current liabilities		512,525		498,867
Creditors: amounts falling due after more than one year		(3,411)		(6,625)
Provisions for liabilities
Deferred tax	(50,000)		(50,000)
		(50,000)		(50,000)
Net assets		459,114		442,242

Capital and reserves
Called up share capital	4,080	4,080
Share premium account	3,993	3,993
Revaluation reserve	150,000	150,000
Capital redemption reserve	1,679	1,679
Profit and loss account	299,362	282,490
	459,114	442,242

Page 1


BINNEYS INVESTMENTS LIMITED REGISTERED NUMBER:00103992

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R H G Hawkins

Director

Date: 3 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


BINNEYS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Binneys Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Rental Income

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

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.

Page 3


BINNEYS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

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:

Improvements to property

10%

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.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees during the year was 1 (2024 - 1).

Page 4


BINNEYS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Improvement to property
		£
	Cost or valuation
	At 1 April 2024	6,130
	At 31 March 2025	6,130
	Depreciation
	At 1 April 2024	6,130
	At 31 March 2025	6,130
	Net book value
	At 31 March 2025	-
	At 31 March 2024	-

Page 5


BINNEYS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Investment property

		Investment property
		£
	Valuation
	At 1 April 2024	550,000
	At 31 March 2025	550,000

	Comprising
	Cost	245,708
	Annual revaluation surplus/(deficit):
	Improvements	104,292
	2024 revaluation	200,000
	At 31 March 2025	550,000

The 2025 valuations were made by the director, on an open market value for existing use basis.

Page 6


BINNEYS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	17,010	5,045
Amounts owed by connected undertakings	30,732	28,907
	47,742	33,952

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	3,068	2,994
Trade creditors	842	-
Amounts owed to connected undertakings	69,500	67,500
Corporation tax	9,351	15,821
Other creditors	1,824	1,824
Accruals and deferred income	1,800	3,000
	86,385	91,139

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	3,411	6,625
	3,411	6,625

Related party transactions

At the reporting date the company owed £204 (2024: £204) to the director. The balance can be found within creditors due within one year and no interest is being charged on this.
Included within debtors amounts falling due within one year is an amount of £30,732 (2024: £28,907) due from respective related parties. Included within creditors amounts falling due within one year is an amount of £69,500 (2024: £67,500) due to a related party. These amounts are free of interest.

Page 7