BENCHMARK REAL ESTATE LTD

Company Registration Number:
14384031 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 28 September 2022

End date: 30 September 2023

BENCHMARK REAL ESTATE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BENCHMARK REAL ESTATE LTD

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The company's principal activity during the year continued to be management of real estate on a fee or contract basis.

Additional information

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime



Directors

The director shown below has held office during the whole of the period from
28 September 2022 to 30 September 2023

Akif Tekdal


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 August 2024

And signed on behalf of the board by:
Name: Akif Tekdal
Status: Director

BENCHMARK REAL ESTATE LTD

Profit And Loss Account

for the Period Ended 30 September 2023

2023


£
Turnover: 69,835
Cost of sales: ( 15,000 )
Gross profit(or loss): 54,835
Distribution costs: 0
Administrative expenses: ( 52,365 )
Other operating income: 100
Operating profit(or loss): 2,570
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 2,570
Profit(or loss) for the financial year: 2,570

BENCHMARK REAL ESTATE LTD

Balance sheet

As at 30 September 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 3,480
Total fixed assets: 3,480
Current assets
Cash at bank and in hand: 1,168
Total current assets: 1,168
Creditors: amounts falling due within one year: 4 ( 1,078 )
Net current assets (liabilities): 90
Total assets less current liabilities: 3,570
Total net assets (liabilities): 3,570
Capital and reserves
Called up share capital: 1,000
Profit and loss account: 2,570
Total Shareholders' funds: 3,570

The notes form part of these financial statements

BENCHMARK REAL ESTATE LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: Akif Tekdal
Status: Director

The notes form part of these financial statements

BENCHMARK REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings: over 50 years Leasehold land and buildings: over the lease term Plant and machinery: over 5 years Fixtures, fittings, tools and equipment: over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

    Other accounting policies

    Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. Contributions to defined contribution plans are expensed in the period to which they relate.

BENCHMARK REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

BENCHMARK REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 4,340 4,340
Disposals
Revaluations
Transfers
At 30 September 2023 4,340 4,340
Depreciation
Charge for year 860 860
On disposals
Other adjustments
At 30 September 2023 860 860
Net book value
At 30 September 2023 3,480 3,480

BENCHMARK REAL ESTATE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

2023
£
Trade creditors 63
Other creditors 1,015
Total 1,078