Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr A J Bane 13/09/2019 Mrs C Mercer 03/06/2019 Mr P A Sayers 17/10/2019 Mrs S Stewart 15/05/2013 06 September 2024 The principal activity of the Company during the financial year was the management of the property known as Benson Developments. 01110349 2023-12-31 01110349 bus:Director1 2023-12-31 01110349 bus:Director2 2023-12-31 01110349 bus:Director3 2023-12-31 01110349 bus:Director4 2023-12-31 01110349 2022-12-31 01110349 core:CurrentFinancialInstruments 2023-12-31 01110349 core:CurrentFinancialInstruments 2022-12-31 01110349 core:ShareCapital 2023-12-31 01110349 core:ShareCapital 2022-12-31 01110349 core:RetainedEarningsAccumulatedLosses 2023-12-31 01110349 core:RetainedEarningsAccumulatedLosses 2022-12-31 01110349 core:LandBuildings 2022-12-31 01110349 core:LandBuildings 2023-12-31 01110349 bus:OrdinaryShareClass1 2023-12-31 01110349 2023-01-01 2023-12-31 01110349 bus:FilletedAccounts 2023-01-01 2023-12-31 01110349 bus:SmallEntities 2023-01-01 2023-12-31 01110349 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01110349 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01110349 bus:Director1 2023-01-01 2023-12-31 01110349 bus:Director2 2023-01-01 2023-12-31 01110349 bus:Director3 2023-01-01 2023-12-31 01110349 bus:Director4 2023-01-01 2023-12-31 01110349 2022-01-01 2022-12-31 01110349 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01110349 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01110349 (England and Wales)

BENSON DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BENSON DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BENSON DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
BENSON DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2 2
2 2
Current assets
Debtors 4 12,942 11,408
Cash at bank and in hand 27,554 48,861
40,496 60,269
Creditors: amounts falling due within one year 5 ( 9,583) ( 4,926)
Net current assets 30,913 55,343
Total assets less current liabilities 30,915 55,345
Net assets 30,915 55,345
Capital and reserves
Called-up share capital 6 104 104
Profit and loss account 30,811 55,241
Total shareholder's funds 30,915 55,345

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Benson Developments Limited (registered number: 01110349) were approved and authorised for issue by the Board of Directors on 06 September 2024. They were signed on its behalf by:

Mrs S Stewart
Director
BENSON DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BENSON DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Benson Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Daniell House, Falmouth Road, Truro, TR1 2HX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 6

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 January 2023 2 2
At 31 December 2023 2 2
Accumulated depreciation
At 01 January 2023 0 0
At 31 December 2023 0 0
Net book value
At 31 December 2023 2 2
At 31 December 2022 2 2

4. Debtors

2023 2022
£ £
Trade debtors 7,497 7,451
Prepayments 5,445 3,957
12,942 11,408

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 7,676 3,512
Accruals 1,907 1,414
9,583 4,926

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
104 Ordinary shares of £ 1.00 each 104 104