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Company Registration No. 08392315 (England and Wales)







BENTLEY PROPERTIES (UK) LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 29 FEBRUARY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants 
40 Chamberlayne Road
London
NW10 3JE

 
BENTLEY PROPERTIES (UK) LIMITED
REGISTERED NUMBER:08392315

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
349,369
690,000

  
349,369
690,000

Current assets
  

Debtors
 5 
80
954

Cash at bank and in hand
  
5,210
385

  
5,290
1,339

Creditors: amounts falling due within one year
 6 
(26,557)
(137,554)

Net current liabilities
  
 
 
(21,267)
 
 
(136,215)

Total assets less current liabilities
  
328,102
553,785

Creditors: amounts falling due after more than one year
 7 
(100,000)
(262,500)

Provisions for liabilities
  

Deferred tax
  
(25,074)
(39,860)

  
 
 
(25,074)
 
 
(39,860)

Net assets
  
203,028
251,425


Capital and reserves
  

Called up share capital 
  
4
4

Revaluation reserve
  
106,896
222,255

Profit and loss account
  
96,128
29,166

  
203,028
251,425


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
BENTLEY PROPERTIES (UK) LIMITED
REGISTERED NUMBER:08392315
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




___________________________
Russel John Webb
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BENTLEY PROPERTIES (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Bentley Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 CHamberlayne Road, London, NW10 3JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
BENTLEY PROPERTIES (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BENTLEY PROPERTIES (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
690,000


Disposals
(340,631)



At 29 February 2024
349,369










5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
80
-

Prepayments and accrued income
-
954

80
954


Page 5

 
BENTLEY PROPERTIES (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
-
10,000

Trade creditors
-
676

Corporation tax
21,091
442

Other taxation and social security
-
169

Other creditors
1,600
122,317

Accruals
3,866
3,950

26,557
137,554



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
100,000
262,500

100,000
262,500



8.


Reserves

29 February
28 February
2024
2023
£
£



Balance b/fwd
29,166
30,188

Revaluation reserve
106,896
222,255

Profit for the financial year
96,962
(1,022)

Dividend
30,000
-

203,024
251,421


9.


Post balance sheet events

There were no events since the year end which materially affected the company.


10.


Controlling party

Stephen Hill. Rosemary Hill and Russel Webb owns 100% of the issued share capital of the company and are therefore the ultimate controllers of the company.

 
Page 6