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Registration number: 842451

Benlanson Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Benlanson Investments Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Benlanson Investments Limited

Company Information
__________________________________________________________________________

Directors

S Landau

D Landau

A Landau

Company secretary

S Landau

Registered office

Abbey House
342 Regents Park Road
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Benlanson Investments Limited

(Registration number: 842451)
Balance Sheet as at 31 March 2022
__________________________________________________________________________

Note

2022
£

2021
£

   

     

fixed assets

   

 

tangible assets

3

 

100,000

 

100,000

Current assets

   

 

Debtors

4

2,027

 

479

 

Investments

5

10,094

 

10,094

 

Cash at bank and in hand

 

14,586

 

32,584

 

 

26,707

 

43,157

 

Creditors: Amounts falling due within one year

6

(750)

 

(1,699)

 

Net current assets

   

25,957

 

41,458

Net assets

   

125,957

 

141,458

capital and reserves

   

 

Called up share capital

4,009

 

4,009

 

Revaluation reserve

97,494

 

97,494

 

Profit and loss account

24,454

 

39,955

 

Total equity

   

125,957

 

141,458

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 September 2022 and signed on its behalf by:
 

 

Benlanson Investments Limited

(Registration number: 842451)
Balance Sheet as at 31 March 2022
__________________________________________________________________________

.........................................
S Landau
Company secretary and director

.........................................
D Landau
Director

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
__________________________________________________________________________

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
__________________________________________________________________________

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2021

100,000

100,000

At 31 March 2022

100,000

100,000

Depreciation

Carrying amount

At 31 March 2022

100,000

100,000

At 31 March 2021

100,000

100,000

Included within the net book value of land and buildings above is £100,000 (2021 - £100,000) in respect of freehold land and buildings.
 

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
__________________________________________________________________________

4

debtors

Current

2022
£

2021
£

Trade debtors

2,027

479

5

Current asset investments

2022
£

2021
£

Listed Investments

10,094

10,094

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

trade creditors

750

750

Taxation and social security

-

949

750

1,699

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

"A" Shares of £1 each

9

9

9

9

"B" Shares of £1 each

4,000

4,000

4,000

4,000

 

4,009

4,009

4,009

4,009