BNE Limited - Accounts to registrar (filleted) - small 22.3
BNE Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2022 |
for |
BNE Limited |
BNE Limited (Registered number: 02910268) |
Contents of the Financial Statements |
for the Year Ended 5 April 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BNE Limited |
Company Information |
for the Year Ended 5 April 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Pinnacle Way |
Pride Park |
Derby |
Derbyshire |
DE24 8ZS |
BNE Limited (Registered number: 02910268) |
Balance Sheet |
5 April 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Non distributable reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
BNE Limited (Registered number: 02910268) |
Balance Sheet - continued |
5 April 2022 |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BNE Limited (Registered number: 02910268) |
Notes to the Financial Statements |
for the Year Ended 5 April 2022 |
1. | STATUTORY INFORMATION |
BNE Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rent receivable, excluding value added tax. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2021 |
Revaluations | 66,310 |
At 5 April 2022 |
NET BOOK VALUE |
At 5 April 2022 |
At 5 April 2021 |
BNE Limited (Registered number: 02910268) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 5 April 2022 is represented by: |
£ |
Valuation in 2020 | 798,690 |
Valuation in 2022 | 66,310 |
865,000 |
If Investment property had not been revalued it would have been included at the following historical cost: |
2022 | 2021 |
£ | £ |
Cost | 740,321 | 740,321 |
Investment property was valued on an open market basis on 5 April 2022 by the director, Mr J P Rivett . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
VAT | 1,465 | 1,611 |
Other creditors |
Directors' current accounts | 144,017 | 147,017 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 368,670 | 380,462 |
BNE Limited (Registered number: 02910268) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 12 | 12 |
9. | RESERVES |
Non |
distributable |
reserve |
£ |
At 6 April 2021 |
Non distributable reserve | 45,063 |
At 5 April 2022 |
10. | RELATED PARTY DISCLOSURES |
The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £52,300 (2021: £39,300). |