Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31108081409409088false2023-09-012Development of building projects2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11855119 2023-09-01 2024-08-31 11855119 2022-09-01 2023-08-31 11855119 2024-08-31 11855119 2023-08-31 11855119 3 2023-09-01 2024-08-31 11855119 d:Director1 2023-09-01 2024-08-31 11855119 d:Director2 2023-09-01 2024-08-31 11855119 d:RegisteredOffice 2023-09-01 2024-08-31 11855119 e:FurnitureFittings 2023-09-01 2024-08-31 11855119 e:FurnitureFittings 2024-08-31 11855119 e:FurnitureFittings 2023-08-31 11855119 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11855119 e:ComputerEquipment 2023-09-01 2024-08-31 11855119 e:ComputerEquipment 2024-08-31 11855119 e:ComputerEquipment 2023-08-31 11855119 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11855119 e:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11855119 e:FreeholdInvestmentProperty 2023-09-01 2024-08-31 11855119 e:FreeholdInvestmentProperty 2024-08-31 11855119 e:FreeholdInvestmentProperty 2023-08-31 11855119 e:FreeholdInvestmentProperty 3 2023-09-01 2024-08-31 11855119 e:LeaseholdInvestmentProperty 2023-09-01 2024-08-31 11855119 e:LeaseholdInvestmentProperty 2024-08-31 11855119 e:LeaseholdInvestmentProperty 2023-08-31 11855119 e:LeaseholdInvestmentProperty 3 2023-09-01 2024-08-31 11855119 e:CurrentFinancialInstruments 2024-08-31 11855119 e:CurrentFinancialInstruments 2023-08-31 11855119 e:Non-currentFinancialInstruments 2024-08-31 11855119 e:Non-currentFinancialInstruments 2023-08-31 11855119 e:CurrentFinancialInstruments e:WithinOneYear 2024-08-31 11855119 e:CurrentFinancialInstruments e:WithinOneYear 2023-08-31 11855119 e:Non-currentFinancialInstruments e:AfterOneYear 2024-08-31 11855119 e:Non-currentFinancialInstruments e:AfterOneYear 2023-08-31 11855119 e:ShareCapital 2024-08-31 11855119 e:ShareCapital 2023-08-31 11855119 e:OtherMiscellaneousReserve 2024-08-31 11855119 e:OtherMiscellaneousReserve 2023-08-31 11855119 e:RetainedEarningsAccumulatedLosses 2024-08-31 11855119 e:RetainedEarningsAccumulatedLosses 2023-08-31 11855119 d:FRS102 2023-09-01 2024-08-31 11855119 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11855119 d:FullAccounts 2023-09-01 2024-08-31 11855119 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11855119 6 2023-09-01 2024-08-31 11855119 f:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 11855119














BENATA LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024

 
BENATA LTD
 
 
COMPANY INFORMATION


Directors
D Grunberg 
L P Grunberg 




Registered number
11855119



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
BENATA LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
BENATA LTD
REGISTERED NUMBER:11855119

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,688
4,040

Investments
 5 
100
-

Investment property
 6 
5,404,070
4,704,544

  
5,408,858
4,708,584

Current assets
  

Debtors: amounts falling due within one year
 7 
10,008
5,304

Cash at bank and in hand
  
43,388
79,675

  
53,396
84,979

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(3,405,175)
(2,771,151)

Net current liabilities
  
 
 
(3,351,779)
 
 
(2,686,172)

Total assets less current liabilities
  
2,057,079
2,022,412

Creditors: amounts falling due after more than one year
 9 
(700,850)
(700,850)

Provisions for liabilities
  

Deferred tax
  
(306,130)
(299,976)

  
 
 
(306,130)
 
 
(299,976)

Net assets
  
1,050,099
1,021,586


Capital and reserves
  

Called up share capital 
  
6
6

Other reserves
  
897,622
897,622

Profit and loss account
  
152,471
123,958

  
1,050,099
1,021,586


Page 1

 
BENATA LTD
REGISTERED NUMBER:11855119
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 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 comprehensive income 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 by: 




D Grunberg
Director

Date: 7 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Benata Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of development of building projects and property investment.
The company's functional and presentational currency is £ Sterling.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
on reducing balance
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 September 2023
7,448
11,781
19,229


Additions
2,680
444
3,124



At 31 August 2024

10,128
12,225
22,353



Depreciation


At 1 September 2023
4,858
10,331
15,189


Charge for the year on owned assets
1,318
1,158
2,476



At 31 August 2024

6,176
11,489
17,665



Net book value



At 31 August 2024
3,952
736
4,688



At 31 August 2023
2,590
1,450
4,040


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 August 2024
100




Page 6

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 September 2023
4,704,544
-
4,704,544


Additions at cost
699,526
-
699,526


Transfers between classes
(369,639)
369,639
-



At 31 August 2024
5,034,431
369,639
5,404,070

The investment properties were valued on a fair value basis by the directors.
During the year under review the company acquired a 91.64% share in an investment property, the remaining 8.36% was acquired by the Benata Trust Pension Scheme.





7.


Debtors

2024
2023
£
£


Trade debtors
313
700

Prepayments and accrued income
9,695
4,604

10,008
5,304



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
31,922
33,852

Other creditors
3,362,732
2,725,798

Accruals and deferred income
10,521
11,501

3,405,175
2,771,151


Page 7

 
BENATA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
700,850
700,850

700,850
700,850


The bank loans are secured over the personal assets of the directors. 


10.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Included within other creditors is an amount of £1,898,835 (2023 - £1,800,000) owed to the shareholders of the company. This amount is interest free and repayable on demand.

 
Page 8