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REGISTERED NUMBER: 00550028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

W R Bennett (Berkshire) Limited

W R Bennett (Berkshire) Limited (Registered number: 00550028)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W R Bennett (Berkshire) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M R Bennett
Mr R L Bennett





REGISTERED OFFICE: 2 Church Street
Burnham
Buckinghamshire
SL1 7HZ





REGISTERED NUMBER: 00550028 (England and Wales)





ACCOUNTANTS: Sweeting & Smedley Limited
2 Church Street
Burnham
Buckinghamshire
SL1 7HZ

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 385,772 453,698
Investments 5 4,500 4,500
Investment property 6 10,636,092 8,609,080
11,026,364 9,067,278

CURRENT ASSETS
Inventories 3,298 564
Debtors 7 1,351,947 1,467,217
Cash at bank and in hand 89,834 257,656
1,445,079 1,725,437
CREDITORS
Amounts falling due within one year 8 625,048 596,165
NET CURRENT ASSETS 820,031 1,129,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,846,395

10,196,550

CREDITORS
Amounts falling due after more than one year 9 (3,922,572 ) (4,266,128 )

PROVISIONS FOR LIABILITIES (2,091,224 ) (1,590,734 )
NET ASSETS 5,832,599 4,339,688

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Share premium 35,756 35,756
Retained earnings 5,780,843 4,287,932
SHAREHOLDERS' FUNDS 5,832,599 4,339,688

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.

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





Mr R L Bennett - Director


W R Bennett (Berkshire) Limited (Registered number: 00550028)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

W R Bennett (Berkshire) 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.

Turnover
Turnover represents net invoiced rents, excluding value added tax.

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 - 20% on cost and Straight line over 7 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.

Stocks
Inventories 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 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.

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the term lease, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,116,667
Additions 23,550
At 31 March 2023 1,140,217
DEPRECIATION
At 1 April 2022 662,969
Charge for year 91,476
At 31 March 2023 754,445
NET BOOK VALUE
At 31 March 2023 385,772
At 31 March 2022 453,698

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 4,500
NET BOOK VALUE
At 31 March 2023 4,500
At 31 March 2022 4,500

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 8,609,080
Additions 26,626
Revaluations 2,000,386
At 31 March 2023 10,636,092
NET BOOK VALUE
At 31 March 2023 10,636,092
At 31 March 2022 8,609,080

Fair value at 31 March 2023 is represented by:
£   
Valuation in 1981 356,046
Valuation in 2007 1,731,178
Valuation in 2012 3,276,891
Valuation in 2017 451,163
Valuation in 2018 194,260
Valuation in 2019 (22,222 )
Valuation in 2020 300,000
Valuation in 2023 2,000,386
Cost 2,348,390
10,636,092

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,348,390 2,321,764

Investment property was valued on an open market basis on 31 March 2023 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 38,684 38,955
Other debtors 1,313,263 1,428,262
1,351,947 1,467,217

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 341,925 284,045
Trade creditors 40,762 54,606
Taxation and social security 11,526 53,835
Other creditors 230,835 203,679
625,048 596,165

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 3,922,572 4,266,128

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 4,264,497 4,550,173

Charges are registered at Companies House over the assets of the company by The Agricultural Mortgage Corporation PLC and Lloyds Bank PLC.

11. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £43,664 falling due within 5 years.

12. ULTIMATE CONTROLLING PARTY

There is no single controlling party.