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REGISTERED NUMBER: 06997085 (England and Wales)















BENELL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






BENELL LIMITED (REGISTERED NUMBER: 06997085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A D Joshi
Mrs J C Joshi





REGISTERED OFFICE: Top Hall Farm
184 Bawtry Road
Bessacarr
Doncaster
South Yorkshire
DN4 7BU





REGISTERED NUMBER: 06997085 (England and Wales)






BENELL LIMITED (REGISTERED NUMBER: 06997085)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,745 39,498
Investments 5 120 120
Investment property 6 690,523 979,434
724,388 1,019,052

CURRENT ASSETS
Debtors 7 561,130 305,116
Cash at bank 212,394 186,959
773,524 492,075
CREDITORS
Amounts falling due within one year 8 234,733 238,314
NET CURRENT ASSETS 538,791 253,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,179

1,272,813

CREDITORS
Amounts falling due after more than one
year

9

175,387

445,253
NET ASSETS 1,087,792 827,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,087,692 827,460
SHAREHOLDERS' FUNDS 1,087,792 827,560

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

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

BENELL LIMITED (REGISTERED NUMBER: 06997085)

BALANCE SHEET - continued
31 AUGUST 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 12 February 2024 and were signed on its behalf by:





A D Joshi - Director


BENELL LIMITED (REGISTERED NUMBER: 06997085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Benell 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and Straight line over 3 years

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

BENELL LIMITED (REGISTERED NUMBER: 06997085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 84,796
Additions 7,141
At 31 August 2023 91,937
DEPRECIATION
At 1 September 2022 45,298
Charge for year 12,894
At 31 August 2023 58,192
NET BOOK VALUE
At 31 August 2023 33,745
At 31 August 2022 39,498

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 120
NET BOOK VALUE
At 31 August 2023 120
At 31 August 2022 120

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 979,434
Disposals (288,911 )
At 31 August 2023 690,523
NET BOOK VALUE
At 31 August 2023 690,523
At 31 August 2022 979,434

BENELL LIMITED (REGISTERED NUMBER: 06997085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 355,130 305,116
Other debtors 206,000 -
561,130 305,116

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,527 62,087
Taxation and social security 76,755 51,695
Other creditors 135,451 124,532
234,733 238,314

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 175,387 445,253

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 85,280 196,905

The bank loans are secured by a first charge on properties owned by the company and the directors, Mr A D Joshi and Mrs J C Joshi.

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 197,914 507,340

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £46,903 (2022 : £59,249) This loan is interest free and has no formal repayment terms.

12. RELATED PARTY DISCLOSURES

During the year the company advanced a loan of £Nil (2022 : £Nil) to TR3A Estates Limited, a company which the director, Mr A D Joshi, is also a director and which Benell Limited owns 33% of the shares. At the year end TR3A Estates Limited owes Benell Limited £355,130 (2022 : £305,116).