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Registered Number: 08755224
England and Wales

 

 

 

BEN INVESTMENT PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Director Bernardino D'costa
Registered Number 08755224
Registered Office 59 Anthony Road,
Welling,
Kent,
DA16 3EH
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2023.
Principal activities
Principal activity of the company during the financial year was of other letting and operating of own or leased real estate
Director
The director who served the company throughout the year was as follows:
Bernardino D'costa
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Bernardino D'costa
Director

Date approved: 30 July 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 321,503    321,503 
321,503    321,503 
Current assets      
Debtors 4 47,602    50,100 
Cash at bank and in hand 3,616    3,198 
51,218    53,298 
Creditors: amount falling due within one year 5 (4,992)   (7,066)
Net current assets 46,226    46,232 
 
Total assets less current liabilities 367,729    367,735 
Creditors: amount falling due after more than one year 6 (195,000)   (195,000)
Net assets 172,729    172,735 
 

Capital and reserves
     
Called up share capital 7 3    3 
Reserves 8 170,000    170,000 
Profit and loss account 2,726    2,732 
Shareholders' funds 172,729    172,735 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 July 2024 and were signed by:


-------------------------------
Bernardino D'costa
Director
3
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 November 2021 3  1,450  1,453 
Profit for the year 1,282  1,282 
Revaluation of Fixed Assets 170,000  170,000 
Total comprehensive income for the year 170,000  1,282  171,282 
Total investments by and distributions to owners
At 31 October 2022 3  170,000  2,732  172,735 
At 01 November 2022 3  2,732  2,735 
Profit for the year (6) (6)
Revaluation of Fixed Assets 170,000  170,000 
Total comprehensive income for the year 170,000  (6) 169,994 
Total investments by and distributions to owners
At 31 October 2023 3  170,000  2,726  172,729 
4
General Information
Ben Investment Properties limited is a private company, limited by shares, registered in England and Wales, registration number 08755224, registration address 59 Anthony Road, , Welling, , Kent,, DA16 3EH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Two employee
Average number of employees during the year was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 November 2022 181,503    181,503 
Additions  
Disposals  
Revaluations 140,000    140,000 
At 31 October 2023 321,503    321,503 
Depreciation
At 01 November 2022  
Charge for year  
On disposals  
At 31 October 2023  
Net book values
Closing balance as at 31 October 2023 321,503    321,503 
Opening balance as at 01 November 2022 321,503    321,503 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 2,500   
Other Debtors 45,100    50,100 
Corporation Tax 2   
47,602    50,100 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts   2,428 
Corporation Tax   202 
Accrued Expenses 3,000    3,000 
Other Creditors 1,200    1,200 
Directors' Current Accounts 792    236 
4,992    7,066 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 195,000    195,000 
195,000    195,000 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
3 Class A shares of £1.00 each  
 

8.

Reserves

2023
£
  2022
£
Revaluation of Fixed Assets 170,000    170,000 
170,000    170,000 

5