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REGISTERED NUMBER: 12328334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Benjica Limited

Benjica Limited (Registered number: 12328334)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benjica Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P T Foley
R Foley





REGISTERED OFFICE: Ground Floor Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR





REGISTERED NUMBER: 12328334 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

Benjica Limited (Registered number: 12328334)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Investment property 4 5,370,000 5,075,574

CURRENT ASSETS
Cash at bank 5,914 68,304

CREDITORS
Amounts falling due within one year 5 369,131 103,312
NET CURRENT LIABILITIES (363,217 ) (35,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,006,783

5,040,566

CREDITORS
Amounts falling due after more than one
year

6

(4,762,628

)

(4,662,139

)

PROVISIONS FOR LIABILITIES (58,870 ) (91,938 )
NET ASSETS 185,285 286,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - non
distributable 856,684 867,164
Retained earnings (671,499 ) (580,775 )
185,285 286,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Benjica Limited (Registered number: 12328334)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





P T Foley - Director


Benjica Limited (Registered number: 12328334)

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

1. STATUTORY INFORMATION

Benjica Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company is able to meet its day to day trading needs with the ongoing support of its creditors and, as such, the director considers that the company is trading as a going concern.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Benjica Limited (Registered number: 12328334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 5,075,574
Additions 304,906
Revaluations (10,480 )
At 31 March 2024 5,370,000
NET BOOK VALUE
At 31 March 2024 5,370,000
At 31 March 2023 5,075,574

Investment properties include 2 properties held under 999 year leaseholds.

Fair value at 31 March 2024 is represented by:
£
Valuation in 2021 347,797
Valuation in 2022 206,943
Valuation in 2023 312,424
Valuation in 2024 (10,480 )
Cost 4,513,316
5,370,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Amounts owed to group undertakings 50,100 40,000
Taxation and social security - 97
Other creditors 319,031 63,215
369,131 103,312

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 3,098,478 2,861,241
Other creditors 1,664,150 1,800,898
4,762,628 4,662,139

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,098,478 2,861,241

Benjica Limited (Registered number: 12328334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Bank loans 3,098,478 2,861,241

The bank loans are secured on the investment properties.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.