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Registered number: 11314744














BENNU LAW LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2023

 
BENNU LAW LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
BENNU LAW LIMITED
REGISTERED NUMBER:11314744

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,975
20,626

  
19,975
20,626

Current assets
  

Debtors: amounts falling due within one year
 5 
435,392
409,729

Cash at bank and in hand
  
103,860
265,886

  
539,252
675,615

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(489,068)
(691,530)

Net current assets/(liabilities)
  
 
 
50,184
 
 
(15,915)

Total assets less current liabilities
  
70,159
4,711

  

Net assets
  
70,159
4,711


Capital and reserves
  

Called up share capital 
  
7
7

Other reserves
  
449
449

Profit and loss account
  
69,703
4,255

  
70,159
4,711


Page 1

 
BENNU LAW LIMITED
REGISTERED NUMBER:11314744
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 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 by: 




LTrigona
Director

Date: 4 December 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BENNU LAW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Bennu Law Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company continued to be that of providing legal services via a consultancy with Keystone Law Limited.
The company's functional and presentational currency is £ Sterling.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover represents net invoiced sales of services, excluding vat added tax. Turnover is recognised
at the point of provision of the service.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
BENNU LAW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
18%
Computer equipment
-
18%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

  
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

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 directors, during the year was 4 (2022 - 4).

Page 4

 
BENNU LAW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
24,188
7,293
31,481


Additions
5,361
-
5,361



At 31 October 2023

29,549
7,293
36,842



Depreciation


At 1 November 2022
4,290
6,565
10,855


Charge for the year on owned assets
5,284
728
6,012



At 31 October 2023

9,574
7,293
16,867



Net book value



At 31 October 2023
19,975
-
19,975



At 31 October 2022
19,898
728
20,626


5.


Debtors

2023
2022
£
£


Trade debtors
386,845
409,729

Other debtors
44,581
-

Prepayments and accrued income
3,966
-

435,392
409,729


Page 5

 
BENNU LAW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
120,470
119,583

Other taxation and social security
89,551
120,795

Other creditors
276,047
451,152

Accruals and deferred income
3,000
-

489,068
691,530



7.


Operating lease commitments


2023
2022
£
£


Within one year
37,015
-

Between 1-5 years
77,996
-

115,011
-


8.


Related party transactions

Included within other creditors are amounts totalling £272,192 (2022 - £427,675) owed to the directors. These amounts are interest free and repayable on demand.
 
Included within other debtors are amounts totalling £44,581 (2022 - £Nil) owed by the directors. These amounts are interest free and repayable on demand. 
 
Page 6