BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the development and letting out of residential property 13 January 2025 0 0 NI050307 2024-04-30 NI050307 2023-04-30 NI050307 2022-04-30 NI050307 2023-05-01 2024-04-30 NI050307 2022-05-01 2023-04-30 NI050307 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI050307 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI050307 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI050307 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI050307 uk-bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 NI050307 uk-bus:Director2 2023-05-01 2024-04-30 NI050307 uk-bus:CompanySecretary1 2023-05-01 2024-04-30 NI050307 uk-bus:RegisteredOffice 2023-05-01 2024-04-30 NI050307 uk-bus:Agent1 2023-05-01 2024-04-30 NI050307 uk-core:ShareCapital 2024-04-30 NI050307 uk-core:ShareCapital 2023-04-30 NI050307 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI050307 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI050307 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI050307 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI050307 uk-bus:FRS102 2023-05-01 2024-04-30 NI050307 uk-core:WithinOneYear 2024-04-30 NI050307 uk-core:WithinOneYear 2023-04-30 NI050307 uk-core:WithinOneYear 2024-04-30 NI050307 uk-core:WithinOneYear 2023-04-30 NI050307 uk-core:AfterOneYear 2024-04-30 NI050307 uk-core:AfterOneYear 2023-04-30 NI050307 uk-core:BetweenOneTwoYears 2024-04-30 NI050307 uk-core:BetweenOneTwoYears 2023-04-30 NI050307 uk-core:BetweenTwoFiveYears 2024-04-30 NI050307 uk-core:BetweenTwoFiveYears 2023-04-30 NI050307 2023-05-01 2024-04-30 NI050307 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Benn Properties Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Benn Properties Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Nigel Walsh
Briege Walsh
 
 
Company Secretary Nigel Walsh
 
 
Company Registration Number NI050307
 
 
Registered Office 89A Glenpark Road
Omagh
 
 
Business Address 89A Glenpark Road
Omagh
Co. Tyrone
 
 
Accountants Quarter
Chartered Accountants
St. Annes House
15 Church Street
Belfast
BT1 1PG
 
 
Bankers Bank of Ireland
  11 Market Street
  Magherafelt
 
   
Solicitors Babington & Croasdaile
  9 Limavady Road
  Waterside
  Derry
  BT47 1JU



Benn Properties Limited
Company Registration Number: NI050307
STATEMENT OF FINANCIAL POSITION
as at 30 April 2024

2024 2023
Notes £ £
 
Current Assets
Inventories 5 122,750 122,750
Payables: amounts falling due within one year 6 (124,404) (117,699)
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Net Current (Liabilities)/Assets (1,654) 5,051
───────── ─────────
Total Assets less Current Liabilities (1,654) 5,051
 
Payables:
amounts falling due after more than one year 7 (27,255) (34,016)
───────── ─────────
Net Liabilities (28,909) (28,965)
═════════ ═════════
 
Equity
Called up share capital 4 4
Retained earnings (28,913) (28,969)
───────── ─────────
Equity attributable to owners of the company (28,909) (28,965)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 13 January 2025 and signed on its behalf by
           
           
________________________________          
Nigel Walsh          
Director          
           



Benn Properties Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Benn Properties Limited is a company limited by shares incorporated in Northern Ireland. 89A Glenpark Road, Omagh is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover represents the total invoice value, excluding value added tax, of sales made during the
 
Inventories
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
At 30 April 2024, the company had net liabilities of £28,909. However, the directors were owed £113,759  at this date.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 0.00|0, (2023 - 0).
       
5. Inventories 2024 2023
  £ £
 
Work in progress 122,750 122,750
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Payables 2024 2023
Amounts falling due within one year £ £
 
Bank loan 10,632 10,632
Taxation  (Note 8) 13 180
Directors' current accounts 113,759 106,887
  ───────── ─────────
  124,404 117,699
  ═════════ ═════════
       
7. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 27,255 34,016
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 10,632 10,632
Repayable between one and two years 10,632 10,632
Repayable between two and five years 16,623 23,384
  ───────── ─────────
  37,887 44,648
  ═════════ ═════════
 
 
Bank of Ireland holds first legal charge over the company's property together with personal guarantees from the directors as security over the company's borrowings.
       
8. Taxation 2024 2023
  £ £
 
Payables:
Corporation tax 13 180
  ═════════ ═════════