1 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05413000 2023-04-01 2024-03-31 05413000 2024-03-31 05413000 2023-03-31 05413000 2022-04-01 2023-03-31 05413000 2023-03-31 05413000 2022-03-31 05413000 core:PlantMachinery 2023-04-01 2024-03-31 05413000 bus:RegisteredOffice 2023-04-01 2024-03-31 05413000 bus:Director1 2023-04-01 2024-03-31 05413000 bus:CompanySecretary1 2023-04-01 2024-03-31 05413000 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 05413000 core:FurnitureFittingsToolsEquipment 2024-03-31 05413000 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 05413000 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05413000 core:WithinOneYear 2024-03-31 05413000 core:WithinOneYear 2023-03-31 05413000 core:AfterOneYear 2024-03-31 05413000 core:AfterOneYear 2023-03-31 05413000 core:ShareCapital 2024-03-31 05413000 core:ShareCapital 2023-03-31 05413000 core:RevaluationReserve 2024-03-31 05413000 core:RevaluationReserve 2023-03-31 05413000 core:RetainedEarningsAccumulatedLosses 2024-03-31 05413000 core:RetainedEarningsAccumulatedLosses 2023-03-31 05413000 core:ShareCapital 2022-03-31 05413000 core:RevaluationReserve 2022-03-31 05413000 core:RetainedEarningsAccumulatedLosses 2022-03-31 05413000 core:PreviouslyStatedAmount core:ShareCapital 2024-03-31 05413000 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05413000 bus:Director1 2023-03-31 05413000 bus:Director1 2024-03-31 05413000 bus:Director1 2022-03-31 05413000 bus:Director1 2023-03-31 05413000 bus:Director1 2022-04-01 2023-03-31 05413000 bus:SmallEntities 2023-04-01 2024-03-31 05413000 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05413000 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05413000 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05413000 bus:FullAccounts 2023-04-01 2024-03-31 05413000 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05413000 1 2023-04-01 2024-03-31
Company registration number: 05413000
Bemand Properties Limited
Trading as Bemand Properties Limited
Unaudited filleted financial statements
31 March 2024
Bemand Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bemand Properties Limited
Directors and other information
Director Ms Jennifer Sherlock
Secretary Dierdre Bush
Company number 05413000
Registered office The Flat
21 Southgate
Sleaford
Lincolnshire
NG34 7SU
Bemand Properties Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 430,000 430,000
_______ _______
430,000 430,000
Current assets
Debtors 6 3,749 3,964
Cash at bank and in hand 1,228 1,372
_______ _______
4,977 5,336
Creditors: amounts falling due
within one year 7 ( 50,809) ( 48,659)
_______ _______
Net current liabilities ( 45,832) ( 43,323)
_______ _______
Total assets less current liabilities 384,168 386,677
Creditors: amounts falling due
after more than one year 8 ( 291,305) ( 291,305)
_______ _______
Net assets 92,863 95,372
_______ _______
Capital and reserves
Called up share capital 2 2
Revaluation reserve 36,553 36,553
Profit and loss account 56,308 58,817
_______ _______
Shareholder funds 92,863 95,372
_______ _______
For the 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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 August 2024 , and are signed on behalf of the board by:
Ms Jennifer Sherlock
Director
Company registration number: 05413000
Bemand Properties Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 April 2022 2 36,553 54,495 91,050
(Loss)/profit for the year 4,322 4,322
_______ _______ _______ _______
Total comprehensive income for the year - - 4,322 4,322
_______ _______ _______ _______
At 31 March 2023 and 1 April 2023 2 36,553 58,817 95,372
(Loss)/profit for the year ( 709) ( 709)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 709) ( 709)
Dividends paid and payable ( 1,800) ( 1,800)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 1,800) ( 1,800)
_______ _______ _______ _______
At 31 March 2024 2 36,553 56,308 92,863
_______ _______ _______ _______
Bemand Properties Limited
Notes to the financial statements
Year ended 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 The Flat, 21 Southgate, Sleaford, Lincolnshire, NG34 7SU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of rents received.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
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:
Freehold property - 0 %
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
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.
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2023 and 31 March 2024 430,000 619 430,619
_______ _______ _______
Depreciation
At 1 April 2023 and 31 March 2024 - 619 619
_______ _______ _______
Carrying amount
At 31 March 2024 430,000 - 430,000
_______ _______ _______
At 31 March 2023 430,000 - 430,000
_______ _______ _______
Investment property
The value of the properties was deemed unchanged from the independent valuation carried out on 31st July 2021.
6. Debtors
2024 2023
£ £
Other debtors 3,749 3,964
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 50,809 48,659
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 291,305 291,305
_______ _______
Included within creditors: amounts falling due after more than one year is an amount of £ 291,305 (2023 £ 291,305 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The loans are secured on the freehold properties. The mortgage terms are 20 years. Repayment terms are interest only.
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms Jennifer Sherlock ( 46,634) ( 1,000) ( 47,634)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms Jennifer Sherlock ( 53,784) 7,150 ( 46,634)
_______ _______ _______
10. Related party transactions
Jennifer Sherlock - -
The director Jennifer Sherlock recieved interest totalling £5,337.49 on her outstanding directors loan account. Jennifer Sherlock also received dividends totalling £18,000 during the year by virtue of her ordinary shareholding.
11. Controlling party
During the year the director Jennifer Sherlock controlled the company by virtue of a controlling interest of 100% of the issued share capital.