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REGISTERED NUMBER: 03903360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BENBOW INVESTMENTS LIMITED

BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENBOW INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr S.T.A Dodd-Noble





REGISTERED OFFICE: Units 45-50
Shrivenham Hundred Business Park
Majors Road, Watchfield
Swindon
Wiltshire
SN6 8TZ





REGISTERED NUMBER: 03903360 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,540 1,361,817
Investment property 5 1,823,638 -
1,872,178 1,361,817

CURRENT ASSETS
Stocks 429,303 -
Debtors: amounts falling due within one
year

6

28,455

21
Debtors: amounts falling due after more
than one year

6

-

1,891,238
Investments 7 966,357 995,248
Cash at bank 56,139 1,014
1,480,254 2,887,521
CREDITORS
Amounts falling due within one year 8 897,247 969,540
NET CURRENT ASSETS 583,007 1,917,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,455,185

3,279,798

CREDITORS
Amounts falling due after more than one
year

9

-

576,521
NET ASSETS 2,455,185 2,703,277

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 2,454,185 2,702,277
SHAREHOLDERS' FUNDS 2,455,185 2,703,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

BALANCE SHEET - continued
31 OCTOBER 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 29 November 2024 and were signed by:





Mr S.T.A Dodd-Noble - Director


BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Benbow Investments 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

These accounts have been prepared on a going concern basis on the assumption that the director will continue to support the company for the foreseeable future.

Tangible fixed assets
Motor Vehicles
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life - 25% Reducing balance.

Freehold Land & property
In the opinion of the directors the residual value of the freehold land & property is not materially different to the current value, and therefore no depreciation has been provided.

Investments
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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.


BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments are recorded on the balance sheet at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 November 2022 1,275,066 152,854 1,427,920
Reclassification/transfer (1,275,066 ) - (1,275,066 )
At 31 October 2023 - 152,854 152,854
DEPRECIATION
At 1 November 2022 - 66,103 66,103
Charge for year - 38,211 38,211
At 31 October 2023 - 104,314 104,314
NET BOOK VALUE
At 31 October 2023 - 48,540 48,540
At 31 October 2022 1,275,066 86,751 1,361,817

Motor vehicles are financed by Hire Purchase

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 977,875
Reclassification/transfer 845,763
At 31 October 2023 1,823,638
NET BOOK VALUE
At 31 October 2023 1,823,638

BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 28,455 -
VAT - 21
28,455 21

Amounts falling due after more than one year:
Data Interconnect Limited - 1,891,238

Aggregate amounts 28,455 1,891,259

7. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Other 966,357 995,248

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 41,350
Trade creditors 43,848 27,096
Corporation Tax 762,544 762,544
VAT 4,460 -
Other creditors 20,540 4,100
Accruals and deferred income 65,855 134,450
897,247 969,540

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years - 155,539
Bank loans more 5 yr - 414,077
Hire purchase contracts - 6,905
- 576,521

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 414,077

BENBOW INVESTMENTS LIMITED (REGISTERED NUMBER: 03903360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans - 569,616

Together Commercial Finance Limited holds floating charges dated 7 April 2017 and 11 April 2017 over the assets of the company.

Together Commercial Finance Limited holds a floating charge dated 15 November 2019 over Flat 2, 38 Redcliffe Road, London.

Together Commercial Finance Limited holds a fixed charge dated 15 November 2019 over Flat 2, 38 Redcliffe Road, London

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
810 Ordinary A £1 810 810
190 Ordinary B £1 190 190
1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr and Mrs Dodd Noble by virtue of their shareholdings.