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REGISTERED NUMBER: 00264716 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BENSON ESTATES (J B) LIMITED

BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BENSON ESTATES (J B) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: J S Benson
Mrs P Johnson



SECRETARY: J S Benson



REGISTERED OFFICE: Walkers Lower Farm
Scot Lane
Aspull
Wigan
Lancashire
WN2 1YL



REGISTERED NUMBER: 00264716 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: HSBC Bank Plc
21 The Grand Arcade
Wigan
Lancashire
WN1 1BH

BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 858 954
Investment property 5 534,969 534,969
535,827 535,923

CURRENT ASSETS
Debtors 6 3,193 3,148
Cash at bank 21,444 20,729
24,637 23,877
CREDITORS
Amounts falling due within one year 7 106,145 108,333
NET CURRENT LIABILITIES (81,508 ) (84,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,319

451,467

PROVISIONS FOR LIABILITIES 8 12,122 9,212
NET ASSETS 442,197 442,255

CAPITAL AND RESERVES
Called up share capital 9 35,200 35,200
Share premium 10 3,375 3,375
Fair value reserve 10 234,143 237,053
Retained earnings 10 169,479 166,627
SHAREHOLDERS' FUNDS 442,197 442,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2023


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 and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mrs P Johnson - Director


BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Benson Estates (J B) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable. Basic financial instruments are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 19,151 1,544 20,695
DEPRECIATION
At 1 April 2022 18,197 1,544 19,741
Charge for year 96 - 96
At 31 March 2023 18,293 1,544 19,837
NET BOOK VALUE
At 31 March 2023 858 - 858
At 31 March 2022 954 - 954

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 534,969
NET BOOK VALUE
At 31 March 2023 534,969
At 31 March 2022 534,969

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 259,240
Valuation in 2018 15,000
Valuation in 2021 (28,000 )
Valuation in 2022 25
Cost 288,704
534,969

The Investment Property was valued on a market value basis by the directors at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 575
Prepayments and accrued income 3,193 2,573
3,193 3,148

BENSON ESTATES (J B) LIMITED (REGISTERED NUMBER: 00264716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,630 1,400
Income Tax 900 450
Social security and other taxes 466 466
Directors' loan accounts 100,000 100,000
Accrued expenses 3,149 6,017
106,145 108,333

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 12,122 9,212

Deferred
tax
£   
Balance at 1 April 2022 9,212
Charge to Income Statement during year 2,910
Balance at 31 March 2023 12,122

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
35,200 Ordinary £1 35,200 35,200

10. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 April 2022 166,627 3,375 237,053 407,055
Profit for the year 3,942 - - 3,942
Dividends (4,000 ) - - (4,000 )
Transfer 2,910 - (2,910 ) -
At 31 March 2023 169,479 3,375 234,143 406,997

The fair value reserve represents non distributable retained earnings.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is both Mr J Benson and Mrs P Johnson equally.