Company Registration No. 11305292 (England and Wales)
Benchmark Living Group Ltd
Unaudited accounts
for the year ended 30 April 2024
Benchmark Living Group Ltd
Unaudited accounts
Contents
Benchmark Living Group Ltd
Company Information
for the year ended 30 April 2024
Directors
Claire Heppenstall
Richard Ray
Company Number
11305292 (England and Wales)
Registered Office
Office 9, Dalton House
60 Windsor Avenue
London
SW19 2RR
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Benchmark Living Group Ltd
Accountants' report
Accountants' report to the board of directors of Benchmark Living Group Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Benchmark Living Group Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Benchmark Living Group Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Benchmark Living Group Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Benchmark Living Group Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Benchmark Living Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Benchmark Living Group Ltd. You consider that Benchmark Living Group Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Benchmark Living Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
13 January 2025
Benchmark Living Group Ltd
Statement of financial position
as at 30 April 2024
Investment property
420,000
425,000
Cash at bank and in hand
11,587
5,779
Creditors: amounts falling due within one year
(206,292)
(206,757)
Net current liabilities
(193,509)
(198,345)
Total assets less current liabilities
226,491
226,655
Creditors: amounts falling due after more than one year
(235,503)
(235,503)
Net liabilities
(9,012)
(8,848)
Called up share capital
1,000
1,000
Revaluation reserve
61,191
86,588
Profit and loss account
(71,203)
(96,436)
Shareholders' funds
(9,012)
(8,848)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Claire Heppenstall
Director
Company Registration No. 11305292
Benchmark Living Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
Benchmark Living Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11305292. The registered office is Office 9, Dalton House , 60 Windsor Avenue, London, SW19 2RR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 May 2023
425,000
Net loss from fair value adjustments
(5,000)
Amounts falling due within one year
Accrued income and prepayments
1,196
2,588
Benchmark Living Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
205,967
205,800
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
235,503
235,503
Aggregate of amounts that fall due for payment after five years
235,503
235,503
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).