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REGISTERED NUMBER: 04889712 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Benchwell Estates Limited

Benchwell Estates Limited (Registered number: 04889712)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benchwell Estates Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A Klein





SECRETARY: Mrs E Zalcberg





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 04889712 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Benchwell Estates Limited (Registered number: 04889712)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Investment property 4 850,000 800,000

CURRENT ASSETS
Debtors 5 591,988 -
Cash at bank 31,990 23,115
623,978 23,115
CREDITORS
Amounts falling due within one year 6 13,367 16,332
NET CURRENT ASSETS 610,611 6,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,611

806,783

CREDITORS
Amounts falling due after more than one
year

7

(612,002

)

-

PROVISIONS FOR LIABILITIES 8 (98,788 ) (65,579 )
NET ASSETS 749,821 741,204

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non distributable reserves 452,396 435,606
Retained earnings 297,325 305,498
SHAREHOLDERS' FUNDS 749,821 741,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Benchwell Estates Limited (Registered number: 04889712)

Balance Sheet - continued
30 September 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 director and authorised for issue on 11 August 2024 and were signed by:





A Klein - Director


Benchwell Estates Limited (Registered number: 04889712)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Benchwell Estates 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 rents received.

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 1 (2022 - 1 ) .

Benchwell Estates Limited (Registered number: 04889712)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2022 800,000
Revaluations 50,000
At 30 September 2023 850,000
NET BOOK VALUE
At 30 September 2023 850,000
At 30 September 2022 800,000

Fair value at 30 September 2023 is represented by:
£
Valuation in 2005 51,184
Valuation in 2011 70,000
Valuation in 2016 155,000
Valuation in 2017 125,000
Valuation in 2019 50,000
Valuation in 2020 150,000
Valuation in 2021 100,000
Valuation in 2022 (200,000 )
Valuation in 2023 50,000
Cost 298,816
850,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Other debtors 591,988 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Taxation and social security 6,622 11,125
Other creditors 6,745 5,207
13,367 16,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£ £
Bank loans 612,002 -

Benchwell Estates Limited (Registered number: 04889712)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 612,002 -

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£ £
Deferred tax 98,788 65,579

Deferred tax
£
Balance at 1 October 2022 65,579
Provided during year 33,209
Balance at 30 September 2023 98,788

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
100 Ordinary £1 100 100