0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 23,750 23,750 5,938 5,938 17,812 xbrli:pure xbrli:shares iso4217:GBP 09198295 2023-01-01 2024-03-31 09198295 2024-03-31 09198295 2022-12-31 09198295 2022-01-01 2022-12-31 09198295 2022-12-31 09198295 2021-12-31 09198295 core:MotorVehicles 2023-01-01 2024-03-31 09198295 bus:Director1 2023-01-01 2024-03-31 09198295 core:MotorVehicles 2022-12-31 09198295 core:WithinOneYear 2024-03-31 09198295 core:WithinOneYear 2022-12-31 09198295 core:ShareCapital 2024-03-31 09198295 core:ShareCapital 2022-12-31 09198295 core:RetainedEarningsAccumulatedLosses 2024-03-31 09198295 core:RetainedEarningsAccumulatedLosses 2022-12-31 09198295 core:MotorVehicles 2022-12-31 09198295 bus:SmallEntities 2023-01-01 2024-03-31 09198295 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 09198295 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 09198295 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 09198295 bus:FullAccounts 2023-01-01 2024-03-31
COMPANY REGISTRATION NUMBER: 09198295
Benprop Drury Limited
Filleted Unaudited Financial Statements
31 March 2024
Benprop Drury Limited
Statement of Financial Position
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
£
Fixed assets
Tangible assets
4
17,812
Current assets
Debtors
5
113
77,684
Cash at bank and in hand
610
7,299
----
--------
723
84,983
Creditors: amounts falling due within one year
6
( 720)
( 4,291)
----
--------
Net current assets
3
80,692
----
--------
Total assets less current liabilities
3
98,504
----
--------
Net assets
3
98,504
----
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
2
98,503
----
--------
Shareholders funds
3
98,504
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Benprop Drury Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Y M Chan
Director
Company registration number: 09198295
Benprop Drury Limited
Notes to the Financial Statements
Period from 1 January 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has ceased trading and it is the intention of the director's to close the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Motor vehicles
Total
£
£
Cost
At 1 January 2023
23,750
23,750
Disposals
( 23,750)
( 23,750)
--------
--------
At 31 March 2024
--------
--------
Depreciation
At 1 January 2023
5,938
5,938
Disposals
( 5,938)
( 5,938)
--------
--------
At 31 March 2024
--------
--------
Carrying amount
At 31 March 2024
--------
--------
At 31 December 2022
17,812
17,812
--------
--------
5. Debtors
31 Mar 24
31 Dec 22
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
( 186)
40,364
Other debtors
299
37,320
----
--------
113
77,684
----
--------
6. Creditors: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Other creditors
720
4,291
----
-------
7. Controlling party
The parent company is Benprop UK Limited , a company registered in England and Wales. The registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ .