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REGISTERED NUMBER: 11515502 (England and Wales)















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: Mr T P Gill
Mrs A E Gill





REGISTERED OFFICE: 95 Belmont Road
Hemel Hempstead
Hertfordshire
HP3 9NX





REGISTERED NUMBER: 11515502 (England and Wales)





ACCOUNTANTS: Meades Group Limited
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 4 675,000 439,257

CURRENT ASSETS
Cash at bank 1,441 6,473

CREDITORS
Amounts falling due within one
year

5

20,663

30,108
NET CURRENT LIABILITIES (19,222 ) (23,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,778

415,622

CREDITORS
Amounts falling due after more
than one year

6

(431,050

)

(431,050

)

PROVISIONS FOR LIABILITIES (58,936 ) -
NET ASSETS/(LIABILITIES) 165,792 (15,428 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 235,743 -
Retained earnings 8 (70,051 ) (15,528 )
SHAREHOLDERS' FUNDS 165,792 (15,428 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th January 2025 and were signed on its behalf by:




Mr T P Gill - Director



Mrs A E Gill - Director


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 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.

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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st September 2023 439,257
Revaluations 235,743
At 31st August 2024 675,000
NET BOOK VALUE
At 31st August 2024 675,000
At 31st August 2023 439,257

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 431,050 431,050

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 431,050 431,050

The bank loan is secured by freehold property.

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st September 2023 (15,528 ) - (15,528 )
Deficit for the year (54,523 ) (54,523 )
Non distributable reserves - 235,743 235,743
At 31st August 2024 (70,051 ) 235,743 165,692

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.