BNI MANAGEMENT LIMITED Filleted accounts for Companies House (small and micro)

BNI MANAGEMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03269658

BNI MANAGEMENT LIMITED

Filleted Unaudited Financial Statements

31 October 2022

BNI MANAGEMENT LIMITED

Statement of Financial Position

31 October 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	5		826,063	826,063

Current assets

Debtors	6	140,000	140,235
Cash at bank and in hand		2,586	6,414
		---------	---------
		142,586	146,649

Creditors: amounts falling due within one year	7	120,765		219,638
		---------		---------
Net current assets/(liabilities)			21,821	( 72,989)
			---------	---------
Total assets less current liabilities			847,884	753,074

Creditors: amounts falling due after more than one year	8	525,000	420,000
		---------	---------
Net assets		322,884	333,074
		---------	---------

Capital and reserves

Called up share capital	3	3
Profit and loss account	322,881	333,071
	---------	---------
Shareholders funds	322,884	333,074
	---------	---------

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 October 2022 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 .

BNI MANAGEMENT LIMITED

Statement of Financial Position (continued)

31 October 2022

These financial statements were approved by the board of directors and authorised for issue on 25 August 2023 , and are signed on behalf of the board by:

H Iwanier

Director

Company registration number: 03269658

BNI MANAGEMENT LIMITED

Notes to the Financial Statements

Year ended 31 October 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 amounted to 3 (2021: 3 ).

5. Tangible assets

	Land and buildings
	£
Cost
At 1 November 2021 and 31 October 2022	826,063
	---------
Depreciation
At 1 November 2021 and 31 October 2022	–
	---------
Carrying amount
At 31 October 2022	826,063
	---------
At 31 October 2021	826,063
	---------

6. Debtors

	2022	2021
	£	£
Other debtors	140,000	140,235
	---------	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	–	105,000
Corporation tax	–	936
Other creditors	120,765	113,702
	---------	---------
	120,765	219,638
	---------	---------

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	525,000	420,000
	---------	---------