Bengeworth Property Development Limited 03071557 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of finance for it's subsidiary's property developments. Digita Accounts Production Advanced 6.30.9574.0 true false true true true 03071557 2023-04-01 2024-03-31 03071557 2024-03-31 03071557 bus:OrdinaryShareClass1 2024-03-31 03071557 core:CurrentFinancialInstruments 2024-03-31 03071557 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03071557 bus:SmallEntities 2023-04-01 2024-03-31 03071557 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03071557 bus:FilletedAccounts 2023-04-01 2024-03-31 03071557 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03071557 bus:RegisteredOffice 2023-04-01 2024-03-31 03071557 bus:Director4 2023-04-01 2024-03-31 03071557 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03071557 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03071557 core:Subsidiary1 2023-04-01 2024-03-31 03071557 core:Subsidiary1 1 2023-04-01 2024-03-31 03071557 core:Subsidiary1 countries:EnglandWales 2023-04-01 2024-03-31 03071557 1 2023-04-01 2024-03-31 03071557 countries:EnglandWales 2023-04-01 2024-03-31 03071557 core:CostValuation 2023-03-31 03071557 2022-04-01 2023-03-31 03071557 2023-03-31 03071557 bus:OrdinaryShareClass1 2023-03-31 03071557 core:CurrentFinancialInstruments 2023-03-31 03071557 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03071557 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03071557

Bengeworth Property Development Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Bengeworth Property Development Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Bengeworth Property Development Limited

(Registration number: 03071557)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

350

350

Current assets

 

Debtors

5

472,479

441,517

Cash at bank and in hand

 

1,141

866

 

473,620

442,383

Creditors: Amounts falling due within one year

6

(116,727)

(108,025)

Net current assets

 

356,893

334,358

Net assets

 

357,243

334,708

Capital and reserves

 

Called up share capital

7

40

40

Other reserves

60

60

Retained earnings

357,143

334,608

Shareholders' funds

 

357,243

334,708

For the financial year 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2024 and signed on its behalf by:
 

.........................................
P Bille
Director

 

Bengeworth Property Development Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

These financial statements were authorised for issue by the Board on 2 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Bengeworth Property Development Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

350

350

 

Bengeworth Property Development Limited

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

Subsidiaries

£

Cost or valuation

At 1 April 2023

350

Provision

Carrying amount

At 31 March 2024

350

At 31 March 2023

350

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Sudeley Homes (West) Limited

111-113 High Street, Evesham, Worcestershire, WR11 4XP.

England and Wales

Ordinary £1 Shares

73.68%

73.68%

Subsidiary undertakings

Sudeley Homes (West) Limited

The principal activity of Sudeley Homes (West) Limited is Property development. The loss for the financial period of Sudeley Homes (West) Limited was £23,858 and the aggregate amount of capital and reserves at the end of the period was £205,943.

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

440,681

422,499

Prepayments

 

30,962

18,182

Other debtors

 

836

836

 

472,479

441,517

 

Bengeworth Property Development Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

13,875

13,877

Amounts owed to group undertakings and undertakings in which the company has a participating interest

94,500

90,000

Taxation and social security

 

7,460

3,296

Accruals and deferred income

 

892

852

 

116,727

108,025

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

40

40

40

40

       

8

Parent and ultimate parent undertaking

The company's immediate parent is MAPP Holdings Limited, incorporated in England.