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Registered number: 15143871









BENJAMIN STEVENS ESTATE AGENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
REGISTERED NUMBER: 15143871

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
133,150

Cash at bank and in hand
 5 
637,402

  
770,552

Creditors: amounts falling due within one year
 6 
(769,588)

Net current assets
  
 
 
964

Total assets less current liabilities
  
964

  

Net assets
  
964


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
963

  
964


Page 1

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
REGISTERED NUMBER: 15143871
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 on 30 January 2025.




S H Wayne
Director

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

Page 2

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Benjamin Stevens Estate Agents Limited is a private company limited by shares and registered in England & Wales. The address of its principal place of business is 194 Station Road, Edgware, HA8 7AT. The company started its trade on 21 February 2024.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Commssion on property sales
Revenue from commission earned on property sales which is recognised at a point in time upon the exchange of contract for such sales.
Management fees
Revenue from property management services are recognised over the life of the contract on a stright line basis which is in line with when the services are provided. 

 
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 operates 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.

Page 3

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.

 
2.6

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.

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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 the director, during the period was 10.


4.


Debtors

2024
£


Trade debtors
82,104

Other debtors
51,046

133,150


Page 4

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
637,402

637,402



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
12,999

Corporation tax
17,081

Other taxation and social security
51,968

Other creditors
672,540

Accruals and deferred income
15,000

769,588



7.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation the company issued 1 Ordinary share of £1 each.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,176. Contributions totalling £nil were payable to the fund at the reporting date.

Page 5

 
BENJAMIN STEVENS ESTATE AGENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Related party transactions

The company is exempt from disclosing related party transactions between members of the group in accordance with FRS 102 paragraph 33.1A.
At the reporting date £49,711 was due from companies with common directors. At the reporting date £120,786 was due to companies with common directors. The loans are interest free and repayable on demand.


10.


Controlling party

The company's immediate parent is Benjamin Stevens Holdings Limited, a company registered in England and Wales.  The ultimate controlling party is S Wayne, who is one of the director of the company. 

 
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