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REGISTERED NUMBER: 12698022 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BENJY PROPERTIES LIMITED

BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)






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




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


BENJY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P J Gaiger
Mrs D M Gaiger





REGISTERED OFFICE: Office 1
Number One Bristol
Lewins Mead
Bristol
BS1 2NJ





REGISTERED NUMBER: 12698022 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property investment and letting.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

P J Gaiger
Mrs D M Gaiger

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P J Gaiger - Director


8 February 2024

BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 12,600 12,600

Cost of sales (2,761 ) (2,406 )
GROSS PROFIT 9,839 10,194

Administrative expenses (1,989 ) (1,537 )
7,850 8,657

Other operating income 4,000 16,000
OPERATING PROFIT 4 11,850 24,657

Interest receivable and similar income 8 -
PROFIT BEFORE TAXATION 11,858 24,657

Tax on profit (2,386 ) (4,733 )
PROFIT FOR THE FINANCIAL YEAR 9,472 19,924

Retained earnings at beginning of year 28,049 8,125

RETAINED EARNINGS AT END OF
YEAR

37,521

28,049

BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 191,207 186,165

CURRENT ASSETS
Debtors 6 520 461

CREDITORS
Amounts falling due within one year 7 (149,239 ) (154,715 )
NET CURRENT LIABILITIES (148,719 ) (154,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,488

31,911

PROVISIONS FOR LIABILITIES 8 (4,965 ) (3,860 )
NET ASSETS 37,523 28,051

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 37,521 28,049
SHAREHOLDERS' FUNDS 37,523 28,051

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:



Mrs D M Gaiger - Director



P J Gaiger - Director


BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

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

1. STATUTORY INFORMATION

Benjy Properties 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 as modified by the revaluation of certain assets.

The ability to continue trading is dependent on the willingness of the directors to continue to extend finance to the company which they are both willing and able to do and have indicated that they will continue to do so for a period of at least 12 months from the date of signature of these financial statements.

Turnover
Turnover comprises rent receivable and is measured at the fair value of the consideration receivable.

Tangible fixed assets
Investment properties are measured at fair value. Gains and losses arising from changes in fair value are included in the Income Statement in the period in which they occur. Deferred tax is recognised on these movements.

Depreciation of plant and machinery is provided at 20% of cost to write off each asset over its estimated useful life.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 458 358

5. TANGIBLE FIXED ASSETS
Plant and
Investment machinery
property etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 185,000 1,789 186,789
Additions - 1,500 1,500
Revaluations 4,000 - 4,000
At 31 March 2023 189,000 3,289 192,289
DEPRECIATION
At 1 April 2022 - 624 624
Charge for year - 458 458
At 31 March 2023 - 1,082 1,082
NET BOOK VALUE
At 31 March 2023 189,000 2,207 191,207
At 31 March 2022 185,000 1,165 186,165

Investment property was revalued by the directors on the basis of open market value in existing use at 31 March 2023.

The historical cost of the investment property is £165,075.

BENJY PROPERTIES LIMITED (REGISTERED NUMBER: 12698022)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Investment machinery
property etc Totals
£    £    £   
Valuation in 2023 189,000 - 189,000
Cost - 3,289 3,289
189,000 3,289 192,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 520 461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 334 526
Corporation tax 1,281 1,713
Directors' current accounts 146,109 151,336
Accrued expenses 1,515 1,140
149,239 154,715

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 4,965 3,860

Deferred
tax
£   
Balance at 1 April 2022 3,860
Provided during year 1,105
Balance at 31 March 2023 4,965

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2