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REGISTERED NUMBER: 07813402 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2022 TO 31ST MARCH 2023

FOR

BENOSEY LIMITED

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENOSEY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023







DIRECTORS: L Hemington
Mrs C Hemington



REGISTERED OFFICE: 137 Gosport Road
Fareham
Hampshire
PO16 0PZ



REGISTERED NUMBER: 07813402 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Barclays Bank Plc
Leicester
LE87 2BB

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,433 77,039
Investments 5 23,518 23,518
Investment property 6 1,986,359 1,986,359
2,108,310 2,086,916

CURRENT ASSETS
Stocks 556,582 513,331
Debtors 7 1,050,392 48,589
Cash at bank 1,575,935 1,547,124
3,182,909 2,109,044
CREDITORS
Amounts falling due within one year 8 1,646,026 1,501,732
NET CURRENT ASSETS 1,536,883 607,312
TOTAL ASSETS LESS CURRENT LIABILITIES 3,645,193 2,694,228

CREDITORS
Amounts falling due after more than one year 9 (42,266 ) (37,123 )

PROVISIONS FOR LIABILITIES (14,534 ) (14,791 )
NET ASSETS 3,588,393 2,642,314

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,588,293 2,642,214
SHAREHOLDERS' FUNDS 3,588,393 2,642,314

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

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

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th February 2024 and were signed on its behalf by:




L Hemington - Director



Mrs C Hemington - Director


BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023


1. STATUTORY INFORMATION

Benosey 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.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 21,953 6,032 52,809 4,820 85,614
Additions 29,451 - 3,602 2,712 35,765
At 31st March 2023 51,404 6,032 56,411 7,532 121,379
DEPRECIATION
At 1st November 2022 4,077 155 2,694 1,649 8,575
Charge for period 7,031 752 5,555 1,033 14,371
At 31st March 2023 11,108 907 8,249 2,682 22,946
NET BOOK VALUE
At 31st March 2023 40,296 5,125 48,162 4,850 98,433
At 31st October 2022 17,876 5,877 50,115 3,171 77,039

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2022
and 31st March 2023 23,518
NET BOOK VALUE
At 31st March 2023 23,518
At 31st October 2022 23,518

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022
and 31st March 2023 1,986,359
NET BOOK VALUE
At 31st March 2023 1,986,359
At 31st October 2022 1,986,359

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.22
£    £   
Other debtors 1,050,392 48,589

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.22
£    £   
Bank loans and overdrafts 2,429 10,000
Taxation and social security 734,997 511,171
Other creditors 908,600 980,561
1,646,026 1,501,732

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.10.22
£    £   
Bank loans 42,266 37,123

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.10.22
value: £    £   
49 Ordinary B £1 51 51
51 Ordinary A £1 49 49
100 100

BENOSEY LIMITED (REGISTERED NUMBER: 07813402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2023 and the year ended 31st October 2022:

31.3.23 31.10.22
£    £   
Mrs C Hemington
Balance outstanding at start of period 21,652 -
Amounts advanced 15,297 34,535
Amounts repaid (2,981 ) (12,883 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 33,968 21,652

L Hemington
Balance outstanding at start of period (71,525 ) (50,672 )
Amounts advanced 77,398 40,300
Amounts repaid (2,981 ) (61,153 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,892 (71,525 )

Interest has been charged on these loans and they are repayable on demand.