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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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Bnl Europe Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Bnl Europe Ltd |
Bnl Europe Ltd (Registered number: 05985973) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Bnl Europe Ltd |
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Company Information |
for the Year Ended 30 November 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Bnl Europe Ltd (Registered number: 05985973) |
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Statement of Financial Position |
30 November 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Bnl Europe Ltd (Registered number: 05985973) |
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Statement of Financial Position - continued |
30 November 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Bnl Europe Ltd (Registered number: 05985973) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Bnl Europe Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements cover the company as an individual entity, have been prepared under the |
historical cost convention and are presented in Pounds Sterling (£) being the functional currency. |
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The financial statements have been prepared on the assumption that the company is able to carry on |
business as a going concern, which the director considers appropriate having regard to the company's |
current and expected performance. |
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Turnover |
Turnover represents rental income receivable in the year. |
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Investment property |
Investment properties are revalued annually to open market value. Surpluses or deficits on individual |
properties are transferred to the investment revaluation reserve, except that a deficit which is expected |
to be permanent and which is in excess of any previously recognised surplus over cost relating to the same |
property, or the reversal of such a deficit, is charged (or credited) to the profit and loss account. |
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Depreciation is not provided in respect of freehold investment properties. The director considers that this |
accounting policy, which represents a departure from the statutory accounting rules is necessary to |
provide a true and fair view as required under SSAP 19 Accounting for investment properties. The |
financial effect of the departure from the statutory accounting rules is shown in the notes to the financial |
statements. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in |
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value |
with changes recognised in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of |
the lease. |
Bnl Europe Ltd (Registered number: 05985973) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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4. | EMPLOYEES |
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The average number of employees during the year was NIL (2017 - NIL). |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 December 2017 |
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Additions |
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Revaluations | 94,839 |
At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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Fair value at 30 November 2018 is represented by: |
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£ |
Valuation in 2018 | 94,839 |
Cost | 1,770,935 |
1,865,774 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Taxation and social security |
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Other creditors |
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