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REGISTERED NUMBER: 08412836 (England and Wales)









Unaudited Financial Statements

For The Year Ended 31 March 2018

for

BenRay Property Limited

BenRay Property Limited (Registered number: 08412836)






Contents of the Financial Statements
For The Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Accountants' Report 8

BenRay Property Limited

Company Information
For The Year Ended 31 March 2018







DIRECTORS: B J H Low
R Low
J D Low





REGISTERED OFFICE: Riverdale
89 Graham Road
Sheffield
S10 3GP





REGISTERED NUMBER: 08412836 (England and Wales)





ACCOUNTANTS: Martin Milner & Co
Chartered Accountants
Riverdale
89 Graham Road
Sheffield
South Yorkshire
S10 3GP

BenRay Property Limited (Registered number: 08412836)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,762 10,350
Investment property 5 1,370,000 1,185,350
1,377,762 1,195,700

CURRENT ASSETS
Debtors 6 2,055 2,236
Cash at bank and in hand 13,350 48,690
15,405 50,926
CREDITORS
Amounts falling due within one year 7 27,672 32,383
NET CURRENT (LIABILITIES)/ASSETS (12,267 ) 18,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,365,495

1,214,243

CREDITORS
Amounts falling due after more than one
year

8

(1,200,666

)

(1,027,098

)

PROVISIONS FOR LIABILITIES (13,500 ) (25,000 )
NET ASSETS 151,329 162,145

BenRay Property Limited (Registered number: 08412836)

Balance Sheet - continued
31 March 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 150,044 183,260
Retained earnings 11 1,185 (21,215 )
SHAREHOLDERS' FUNDS 151,329 162,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on
its behalf by:





R Low - Director


BenRay Property Limited (Registered number: 08412836)

Notes to the Financial Statements
For The Year Ended 31 March 2018

1. STATUTORY INFORMATION

BenRay Property 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents rent receivable from investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Profit and Loss
Account, 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 material 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.

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.

BenRay Property Limited (Registered number: 08412836)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 14,400
DEPRECIATION
At 1 April 2017 4,050
Charge for year 2,588
At 31 March 2018 6,638
NET BOOK VALUE
At 31 March 2018 7,762
At 31 March 2017 10,350

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017 1,185,350
Additions 371,781
Disposals (142,415 )
Revaluations (44,716 )
At 31 March 2018 1,370,000
NET BOOK VALUE
At 31 March 2018 1,370,000
At 31 March 2017 1,185,350

BenRay Property Limited (Registered number: 08412836)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2014 33,887
Valuation in 2015 (3,970 )
Valuation in 2016 75,522
Valuation in 2017 102,821
Valuation in 2018 (44,716 )
Cost 1,206,456
1,370,000

The fair value of the investment property has been arrived on the basis of the valuation carried out by
the directors at 31 March 2018, based on their experience in this sector. The valuation was made on
an open market value basis also taking account of market evidence relating to transaction prices for
similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 2,055 2,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 14,838 21,722
Trade creditors 115 613
Taxation and social security 861 718
Other creditors 11,858 9,330
27,672 32,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Bank loans 459,511 379,943
Other creditors 741,155 647,155
1,200,666 1,027,098

BenRay Property Limited (Registered number: 08412836)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 474,349 401,665

The bank loan is secured on the investment property by a fixed legal charge with the company's
bankers.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

11. RESERVES

Profit andFair ValueTotals
Loss accountReserve
£ £ £
At 1 April 2017(21,215)183,260162,045

Surplus for the year33,900-33,900
Fair value losses on investment properties-(12,131)(12,131)
Realised losses on investment properties-(32,585)(32,585)
Deferred tax movement on fair value losses(11,500)11,500-
At 31 March 20181,185150,044151,229



12. FINANCIAL COMMITMENTS

At 31 March 2018 the company had total commitments under non-cancellable operating leases over
the remaining life of those leases of £3,965 (2017 - £9,581).

13. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £721,155 (2017 - £647,155) due jointly to R Low and J D Low,
shareholders and directors of the company. In addition an amount of £20,000 (2017 - £Nil) is due to B
Low, a shareholder and director of the company. These loans are interest free and have no fixed terms
of repayment.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BenRay Property Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive
Income and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of BenRay Property Limited for the year ended 31 March 2018 which
comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BenRay Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BenRay Property Limited and state those matters that we have agreed to state to the Board of Directors of BenRay Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BenRay Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BenRay Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BenRay Property Limited. You consider that BenRay Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BenRay Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Martin Milner & Co
Chartered Accountants
Riverdale
89 Graham Road
Sheffield
South Yorkshire
S10 3GP


12 November 2018