REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
FOR |
BENCHLEYS DEVELOPMENTS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
FOR |
BENCHLEYS DEVELOPMENTS LIMITED |
BENCHLEYS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11515502) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BENCHLEYS DEVELOPMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39 The Metro Centre |
Tolpits Lane |
WATFORD |
Hertfordshire |
WD18 9SB |
BENCHLEYS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11515502) |
BALANCE SHEET |
31ST AUGUST 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
BENCHLEYS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11515502) |
BALANCE SHEET - continued |
31ST AUGUST 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BENCHLEYS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11515502) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
1. | STATUTORY INFORMATION |
Benchleys Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £19,222 (2023 - £23,635) as at the balance sheet date. |
The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due. |
Tangible fixed assets |
Freehold property's fair value will be assessed at the end of each accounting period and adjusted accordingly. |
Deferred tax is provided on any revaluations at the rate expected to apply when the property is sold. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1st September 2023 |
Revaluations |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
BENCHLEYS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11515502) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31st August 2024 is represented by: |
Freehold |
property |
£ |
Valuation in 2024 | 235,743 |
Cost | 439,257 |
675,000 |
Investment property was valued on a market value basis on 31st August 2024. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Directors' current accounts | 20,663 | 30,108 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 2-5 years |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The bank loan is secured by freehold property. |
8. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1st September 2023 | ( |
) | (15,528 | ) |
Deficit for the year | ( |
) | ( |
) |
Non distributable reserves | - | 235,743 | 235,743 |
At 31st August 2024 | ( |
) | 165,692 |
9. | RELATED PARTY DISCLOSURES |
The director's current account balances of £20,663 (2023 - £30,108) have no fixed date for repayment, are repayable upon demand and are non-interest bearing. |