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Registered number: 02519181









BENMARK BRICK SALES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
BENMARK BRICK SALES LIMITED
REGISTERED NUMBER: 02519181

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,450,000
1,045,000

  
1,450,000
1,045,000

Current assets
  

Debtors: amounts falling due within one year
  
11,553
-

Cash at bank and in hand
 6 
-
11,665

  
11,553
11,665

Creditors: amounts falling due within one year
 7 
(4,527)
(4,527)

Net current assets
  
 
 
7,026
 
 
7,138

Total assets less current liabilities
  
1,457,026
1,052,138

Provisions for liabilities
  

Deferred tax
 8 
(353,172)
(237,330)

Net assets
  
1,103,854
814,808


Capital and reserves
  

Called up share capital 
 9 
100
100

Other reserves
  
1,059,516
770,358

Profit and loss account
  
44,238
44,350

  
1,103,854
814,808


Page 1

 
BENMARK BRICK SALES LIMITED
REGISTERED NUMBER: 02519181
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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




S D Woods
Director

Date: 4 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Benmark Brick Sales Limited is a private company incorporated in England and Wales and has its registered office at Ellisam House, Purfleet Industrial Park A13, Purfleet, RM15 4YD. The principal activity of the company is that of rental of commerical property.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors based upon external valuers opinions 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 initially recognised in profit or loss before being transferred to 'other reserves' in the Statement of Changes in Equity.

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

Page 4

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

  
2.9

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Number of Employees
1
1

Page 5

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
1,045,000


Surplus on revaluation
405,000



At 30 April 2024
1,450,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Other reserves


At 1 May 2023
770,358
-

Net surplus/(deficit) in movement properties
289,158
770,358

At 30 April 2024
1,059,516
770,358



If the Investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2024
2023
£
£


Historic cost
95,681
95,681

Accumulated depreciation and impairments
(62,197)
(60,283)

33,484
35,398


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
11,553
-


Page 6

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
11,665



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,527
4,527



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(237,330)
(237,330)


Charged to profit or loss
(115,842)
-



At end of year
(353,172)
(237,330)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


on revaluation of investment property
(353,172)
(237,330)

Page 7

 
BENMARK BRICK SALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

The company has taken exemption under FRS102 s33.1A from disclosing related party transactions in relation to wholly owned group entities. 


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 4 November 2024 by Mario Cientanni (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8