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REGISTERED NUMBER: 03795255 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Guy Bentley Limited

Guy Bentley Limited (Registered number: 03795255)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Guy Bentley Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Tom David Bentley
Mrs Rachel Ann Bentley





SECRETARY: Mrs Rachel Ann Bentley





REGISTERED OFFICE: Bentley Buildings Windhill
Glaisdale
Whitby
North Yorkshire
YO21 2QY





REGISTERED NUMBER: 03795255 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Guy Bentley Limited (Registered number: 03795255)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,369 377,033
Investments 5 98,300 98,300
Investment property 6 3,494,342 3,346,004
4,030,011 3,821,337

CURRENT ASSETS
Debtors 7 475,394 517,620
Cash at bank and in hand 2,066 2,052
477,460 519,672
CREDITORS
Amounts falling due within one year 8 524,346 427,567
NET CURRENT (LIABILITIES)/ASSETS (46,886 ) 92,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,983,125

3,913,442

CREDITORS
Amounts falling due after more than one
year

9

(27,460

)

(37,290

)

PROVISIONS FOR LIABILITIES (86,225 ) (49,355 )
NET ASSETS 3,869,440 3,826,797

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 3,869,438 3,826,795
SHAREHOLDERS' FUNDS 3,869,440 3,826,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Guy Bentley Limited (Registered number: 03795255)

Balance Sheet - continued
31 March 2024


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 31 July 2024 and were signed on its behalf by:





Mr Tom David Bentley - Director


Guy Bentley Limited (Registered number: 03795255)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Guy Bentley 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Guy Bentley Limited (Registered number: 03795255)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,166,535 - 546,724 7,441 2,720,700
Additions 16,164 16,803 219,167 - 252,134
Disposals - - (52,514 ) - (52,514 )
At 31 March 2024 2,182,699 16,803 713,377 7,441 2,920,320
DEPRECIATION
At 1 April 2023 1,946,180 - 392,551 4,936 2,343,667
Charge for year 88,889 2,520 91,015 827 183,251
Eliminated on disposal - - (43,967 ) - (43,967 )
At 31 March 2024 2,035,069 2,520 439,599 5,763 2,482,951
NET BOOK VALUE
At 31 March 2024 147,630 14,283 273,778 1,678 437,369
At 31 March 2023 220,355 - 154,173 2,505 377,033

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 98,300
NET BOOK VALUE
At 31 March 2024 98,300
At 31 March 2023 98,300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,346,004
Additions 148,338
At 31 March 2024 3,494,342
NET BOOK VALUE
At 31 March 2024 3,494,342
At 31 March 2023 3,346,004

Guy Bentley Limited (Registered number: 03795255)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 352,640
Valuation in 2018 (95,319 )
Valuation in 2021 169,286
Cost 3,067,735
3,494,342

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 3,067,735 2,919,397

Investment properties were valued on an open market basis on 29 July 2024 by Mr T D Bentley (Director) .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 201,371 266,807
Other debtors 274,023 250,813
475,394 517,620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 200,669 145,174
Trade creditors 114,903 21,424
Amounts owed to associates 202,757 201,379
Taxation and social security 300 46,159
Other creditors 5,717 13,431
524,346 427,567

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 27,460 37,290

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2