Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-314589200No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-254false 14132091 2022-05-24 14132091 2022-05-25 2022-12-31 14132091 2021-05-25 2022-05-24 14132091 2022-12-31 14132091 c:Director4 2022-05-25 2022-12-31 14132091 d:FreeholdInvestmentProperty 2022-05-25 2022-12-31 14132091 d:FreeholdInvestmentProperty 2022-12-31 14132091 d:LeaseholdInvestmentProperty 2022-05-25 2022-12-31 14132091 d:LeaseholdInvestmentProperty 2022-12-31 14132091 d:CurrentFinancialInstruments 2022-12-31 14132091 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14132091 d:ShareCapital 2022-05-25 2022-12-31 14132091 d:ShareCapital 2022-12-31 14132091 d:RetainedEarningsAccumulatedLosses 2022-05-25 2022-12-31 14132091 d:RetainedEarningsAccumulatedLosses 2022-12-31 14132091 c:FRS102 2022-05-25 2022-12-31 14132091 c:AuditExempt-NoAccountantsReport 2022-05-25 2022-12-31 14132091 c:FullAccounts 2022-05-25 2022-12-31 14132091 c:PrivateLimitedCompanyLtd 2022-05-25 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 14132091









BENNING ESTATES (SERVICES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
BENNING ESTATES (SERVICES) LIMITED
REGISTERED NUMBER: 14132091

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investment property
 4 
2,294,600

  
2,294,600

  

Creditors: amounts falling due within one year
 5 
(2,296,949)

Net current (liabilities)/assets
  
 
 
(2,296,949)

Total assets less current liabilities
  
(2,349)

  

Net (liabilities)/assets
  
(2,349)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(2,350)

  
(2,349)


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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 25 March 2024.




S Benning
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
BENNING ESTATES (SERVICES) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period

-
(2,350)
(2,350)

Shares issued during the period
1
-
1


At 31 December 2022
1
(2,350)
(2,349)

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BENNING ESTATES (SERVICES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Benning Estates (Services) Limited is a private company, limited by shares and incorporated in England and Wales, with a a registration number 14132091. The address of the registered office is Hawkes House, Old Station Road, Loughton, Essex, IG10 4PL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

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

 
2.3

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.

 
2.4

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.

 
2.5

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
Page 3

 
BENNING ESTATES (SERVICES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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

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 directors, during the period was 4.


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


Additions at cost
1,492,100
802,500
2,294,600



At 31 December 2022
1,492,100
802,500
2,294,600

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




Page 4

 
BENNING ESTATES (SERVICES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
£

Bank loans
808,251

Amounts owed to parent company
1,486,348

Accruals and deferred income
2,350

2,296,949


 
Page 5