Company Registration No. 09609915 (England and Wales)
Benevolo Limited
Unaudited accounts
for the year ended 31 May 2024
Benevolo Limited
Unaudited accounts
Contents
Benevolo Limited
Company Information
for the year ended 31 May 2024
Directors
M W Botha
D Botha
Company Number
09609915 (England and Wales)
Registered Office
6 Danehurst Crescent
Horsham
West Sussex
RH13 5HS
United Kingdom
Accountants
M&T Accounting Limited
24 Great Lime Kilns
Southwater
Horsham
West Sussex
RH13 9JL
Benevolo Limited
Statement of financial position
as at 31 May 2024
Investment property
495,000
482,825
Cash at bank and in hand
62,245
47,891
Creditors: amounts falling due within one year
(494,859)
(495,740)
Net current liabilities
(425,551)
(437,022)
Called up share capital
100
100
Profit and loss account
69,349
45,703
Shareholders' funds
69,449
45,803
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
D Botha
Director
Company Registration No. 09609915
Benevolo Limited
Notes to the Accounts
for the year ended 31 May 2024
Benevolo Limited is a private company, limited by shares, registered in England and Wales, registration number 09609915. The registered office is 6 Danehurst Crescent, Horsham, West Sussex, RH13 5HS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 June 2023
482,825
Net gain from fair value adjustments
12,175
The investment properties are valued annually by the directors on an open market existing use basis.
The historical cost of the investment properties amount to £523,174.
Benevolo Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Deferred tax asset
5,353
7,666
Accrued income and prepayments
1,710
3,161
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,184
4,065
Other creditors
245,550
245,550
Loans from directors
244,950
244,950
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).