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REGISTERED NUMBER: 09884324 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Ben Warren Properties Limited

Ben Warren Properties Limited (Registered number: 09884324)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ben Warren Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: B Warren





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 09884324 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Ben Warren Properties Limited (Registered number: 09884324)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,548,936 6,920,089

CURRENT ASSETS
Debtors 5 74,847 61,353
Cash at bank 149,199 865,397
224,046 926,750
CREDITORS
Amounts falling due within one year 6 644,084 625,497
NET CURRENT (LIABILITIES)/ASSETS (420,038 ) 301,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,128,898

7,221,342

CREDITORS
Amounts falling due after more than one
year

7

(3,236,398

)

(3,815,656

)

PROVISIONS FOR LIABILITIES (7,660 ) -
NET ASSETS 2,884,840 3,405,686

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 32,658 (54,588 )
Retained earnings 2,852,181 3,460,273
2,884,840 3,405,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ben Warren Properties Limited (Registered number: 09884324)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 28 November 2024 and were signed by:





B Warren - Director


Ben Warren Properties Limited (Registered number: 09884324)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Ben Warren 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.

The company is not part of a group.

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.

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

Investment property
The investment properties are included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.

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.

Revenue
Revenue represents rental income received and 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Ben Warren Properties Limited (Registered number: 09884324)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, are measured initially and subsequently at transaction price which is not materially different to amortised cost.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the director and other companies under his control. The director has confirmed this support will continue and believes no adjustments relating to the company's ability to continue as a going concern needs to be made to these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 6,920,089
Additions 68,130
Disposals (534,188 )
Revaluations 94,905
At 30 November 2023 6,548,936
NET BOOK VALUE
At 30 November 2023 6,548,936
At 30 November 2022 6,920,089

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2020 30,413
Valuation in 2021 (105,000 )
Valuation in 2022 20,000
Valuation in 2023 94,905
Cost 6,508,618
6,548,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,152 55,802
Other debtors 18,695 5,551
74,847 61,353

Ben Warren Properties Limited (Registered number: 09884324)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 89,330 90,056
Trade creditors 11,520 19,172
Taxation and social security 167,046 150,965
Other creditors 376,188 365,304
644,084 625,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,859,356 1,900,024
Other creditors 1,377,042 1,915,632
3,236,398 3,815,656

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,525,987 1,553,783

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,948,686 1,990,080

Bank loans and mortgages are secured on the properties to which they relate.