Company Registration No. 13217445 (England and Wales)
Bennwinn Property Services Limited
Filleted Accounts
for the year ended 28 February 2023
Bennwinn Property Services Limited
Filleted Accounts
Contents
Bennwinn Property Services Limited
Company Information
for the year ended 28 February 2023
Directors
Emma Marie Bennett
Lee Wayne Bennett
Company Number
13217445 (England and Wales)
Registered Office
22 Walmer Road
Woodley
Reading
RG5 4PN
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Bennwinn Property Services Limited
Statement of financial position
as at 28 February 2023
Investment property
829,325
512,425
Cash at bank and in hand
5,188
13,761
Creditors: amounts falling due within one year
(12,058)
(9,581)
Net current (liabilities)/assets
(6,870)
14,180
Total assets less current liabilities
822,455
577,279
Creditors: amounts falling due after more than one year
(783,926)
(565,614)
Called up share capital
100
100
Profit and loss account
38,429
11,565
Shareholders' funds
38,529
11,665
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
Lee Wayne Bennett
Director
Company Registration No. 13217445
Bennwinn Property Services Limited
Notes to the Accounts
for the year ended 28 February 2023
Bennwinn Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13217445. The registered office is 22 Walmer Road, Woodley, Reading, RG5 4PN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bennwinn Property Services Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles
Charge for the year
12,668
At 28 February 2022
50,674
Fair value at 1 March 2022
512,425
At 28 February 2023
829,325
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
8,785
Taxes and social security
11,262
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
604,749
371,960
Obligations under finance leases and hire purchase contracts
-
52,094
Loans from directors
179,177
141,560
Bennwinn Property Services Limited
Notes to the Accounts
for the year ended 28 February 2023
Allotted, called up and fully paid:
50 Ordinary shares A of £1 each
50
50
50 Ordinary shares B of £1 each
50
50
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).