Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-302022-12-302021-09-09No description of principal activitytruefalse2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13611247 2021-09-08 13611247 2021-09-09 2022-12-30 13611247 2020-09-09 2021-09-08 13611247 2022-12-30 13611247 c:Director2 2021-09-09 2022-12-30 13611247 d:CurrentFinancialInstruments 2022-12-30 13611247 d:Non-currentFinancialInstruments 2022-12-30 13611247 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 13611247 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-30 13611247 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-30 13611247 d:ShareCapital 2022-12-30 13611247 d:SharePremium 2022-12-30 13611247 d:RetainedEarningsAccumulatedLosses 2022-12-30 13611247 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-30 13611247 c:FRS102 2021-09-09 2022-12-30 13611247 c:AuditExempt-NoAccountantsReport 2021-09-09 2022-12-30 13611247 c:FullAccounts 2021-09-09 2022-12-30 13611247 c:PrivateLimitedCompanyLtd 2021-09-09 2022-12-30 iso4217:GBP xbrli:pure

Registered number: 13611247









AJP BENNING ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 DECEMBER 2022

 
AJP BENNING ESTATES LIMITED
REGISTERED NUMBER: 13611247

BALANCE SHEET
AS AT 30 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investment property
  
1,070,000

  
1,070,000

Current assets
  

Cash at bank and in hand
 5 
50,738

  
50,738

Creditors: amounts falling due within one year
 6 
(94,842)

Net current (liabilities)/assets
  
 
 
(44,104)

Total assets less current liabilities
  
1,025,896

Creditors: amounts falling due after more than one year
 7 
(404,124)

  

Net assets
  
621,772


Capital and reserves
  

Called up share capital 
  
10

Share premium account
  
676,490

Profit and loss account
  
(54,728)

  
621,772


Page 1

 
AJP BENNING ESTATES LIMITED
REGISTERED NUMBER: 13611247
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2024.




H K Benning
Director

Page 2

 
AJP BENNING ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

1.


General information

AJP Benning Estates Limited is a private company, limited by shares, domiciled in England and Wales, registration number 13611247. The registered office is 144 Pembroke Road, Seven Kings, Ilford, Essex, United Kingdom, IG3 8PF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
AJP BENNING ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Derecognition of financial instruments

Page 4

 
AJP BENNING ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2022
            No.






Directors
2


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
3,364,600


Transfers intra group
(2,294,600)



At 30 December 2022
1,070,000

The 2022 valuations were made by the director , on an open market value for existing use basis.







Page 5

 
AJP BENNING ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
50,738

50,738



6.


Creditors: Amounts falling due within one year

2022
£

Other creditors
92,742

Accruals and deferred income
2,100

94,842



7.


Creditors: Amounts falling due after more than one year

2022
£

Bank loans
404,124

404,124



8.


Loans


2022
£




Amounts falling due after more than 5 years

Bank loans
404,124

404,124

404,124


Page 6

 
AJP BENNING ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022

9.


Financial instruments

2022
£

Financial assets


Financial assets measured at fair value through profit or loss
50,738



 
Page 7