Binder Independent Services Limited - Accounts to registrar (filleted) - small 18.2

Binder Independent Services Limited - Accounts to registrar (filleted) - small 18.2


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Binder Independent Services Limited

Unaudited Financial Statements for the Year Ended 31 May 2019






Binder Independent Services Limited (Registered number: 09043192)






Contents of the Financial Statements
for the Year Ended 31 May 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Binder Independent Services Limited

Company Information
for the Year Ended 31 May 2019







DIRECTORS: Dr M Binder
Mrs L F Binder





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 09043192





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Binder Independent Services Limited (Registered number: 09043192)

Balance Sheet
31 May 2019

31.5.19 31.5.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 543,659 265,000

CURRENT ASSETS
Debtors 5 144 -
Cash at bank 2,196 2,631
2,340 2,631
CREDITORS
Amounts falling due within one year 6 508,255 252,381
NET CURRENT LIABILITIES (505,915 ) (249,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,744

15,250

PROVISIONS FOR LIABILITIES 4,354 1,504
NET ASSETS 33,390 13,746

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 18,563 6,413
Retained earnings 14,727 7,233
33,390 13,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 February 2020 and were signed on its behalf
by:





Mrs L F Binder - Director


Binder Independent Services Limited (Registered number: 09043192)

Notes to the Financial Statements
for the Year Ended 31 May 2019

1. STATUTORY INFORMATION

Binder Independent Services Limited is a private company, limited by shares , registered in Not specified/Other.
The company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 2 (2018 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2018 265,000
Additions 263,659
Revaluations 15,000
At 31 May 2019 543,659
NET BOOK VALUE
At 31 May 2019 543,659
At 31 May 2018 265,000

Binder Independent Services Limited (Registered number: 09043192)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2019

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2019 is represented by:

£   
Valuation in 2018 7,917
Valuation in 2019 15,000
Cost 520,742
543,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.19 31.5.18
£    £   
Other debtors 144 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.19 31.5.18
£    £   
Taxation and social security 2,696 2,344
Other creditors 505,559 250,037
508,255 252,381

7. RESERVES
Fair
value
reserve
£   
At 1 June 2018 6,413
Revaluation reserve 12,150

At 31 May 2019 18,563