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REGISTERED NUMBER: 01365748 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BENCHWOOD PROPERTIES LIMITED

BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENCHWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: V James
J C Inch
P A Lenon





SECRETARY: R James





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 01365748 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,224,507 2,221,007

CURRENT ASSETS
Debtors 5 28,958 15,168
Cash at bank 62,154 97,568
91,112 112,736
CREDITORS
Amounts falling due within one year 6 133,757 137,664
NET CURRENT LIABILITIES (42,645 ) (24,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,181,862

2,196,079

PROVISIONS FOR LIABILITIES 197,556 197,556
NET ASSETS 1,984,306 1,998,523

BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 8 3,100 3,100
Other reserve - non distributable 9 1,535,192 1,535,192
Retained earnings 9 446,014 460,231
SHAREHOLDERS' FUNDS 1,984,306 1,998,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 October 2024 and were signed on its behalf by:





V James - Director


BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Benchwood Properties 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.

Turnover
Turnover represents rental and service charge income earned in the year.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,221,007
Additions 3,500
At 30 April 2024 2,224,507
NET BOOK VALUE
At 30 April 2024 2,224,507
At 30 April 2023 2,221,007

In 2007, the directors obtained a professional open market valuation of some of its freehold properties. The valuation of £2,210,007 was made by Ellis & Partners. The valuation has been incorporated into the financial statements. In the opinion of the directors there has been no material variation in the value of the freehold properties as 30th April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,958 15,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 7) 55,000 55,000
Trade creditors 18,915 11,339
Corporation tax 20,365 27,035
Directors' current accounts 25,000 25,000
Accruals and deferred income 14,477 19,290
133,757 137,664

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 55,000 55,000

BENCHWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01365

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,100 Ordinary £1 3,100 3,100

9. RESERVES
Other
reserve -
Retained non
earnings distributable Totals
£    £    £   

At 1 May 2023 460,231 1,535,192 1,995,423
Profit for the year 70,258 70,258
Dividends (84,475 ) (84,475 )
At 30 April 2024 446,014 1,535,192 1,981,206