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Registration number: 842451

Benlanson Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

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 2023
__________________________________________________________________________

Note

2023
£

2022
£

   

     

fixed assets

   

 

tangible assets

3

 

100,000

 

100,000

Current assets

   

 

Debtors

4

1,867

 

2,027

 

Investments

5

10,094

 

10,094

 

Cash at bank and in hand

 

20,325

 

14,586

 

 

32,286

 

26,707

 

Creditors: Amounts falling due within one year

6

(732)

 

(750)

 

Net current assets

   

31,554

 

25,957

Net assets

   

131,554

 

125,957

capital and reserves

   

 

Called up share capital

4,009

 

4,009

 

Revaluation reserve

97,494

 

97,494

 

Profit and loss account

30,051

 

24,454

 

Total equity

   

131,554

 

125,957

For the financial year ending 31 March 2023 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 October 2023 and signed on its behalf by:
 

 

Benlanson Investments Limited

(Registration number: 842451)
Balance Sheet as at 31 March 2023
__________________________________________________________________________

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

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

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
__________________________________________________________________________

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

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.

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
__________________________________________________________________________

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
__________________________________________________________________________

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

100,000

100,000

At 31 March 2023

100,000

100,000

Depreciation

Carrying amount

At 31 March 2023

100,000

100,000

At 31 March 2022

100,000

100,000

Included within the net book value of land and buildings above is £100,000 (2022 - £100,000) in respect of freehold land and buildings.
 

 

Benlanson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
__________________________________________________________________________

4

debtors

Current

2023
£

2022
£

Trade debtors

1,867

2,027

5

Current asset investments

2023
£

2022
£

Listed Investments

10,094

10,094

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

(18)

-

trade creditors

 

750

750

 

732

750

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

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