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REGISTERED NUMBER: NI022854 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BENONE STRAND CARAVANS LTD

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BENONE STRAND CARAVANS LTD

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: S Walls
J Walls
R Walls



SECRETARY: S Walls



REGISTERED OFFICE: 26A Benone Avenue
Limavady
Co. Londonderry
BT49 0LQ



REGISTERED NUMBER: NI022854 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Ulster Bank Limited
29 Abercorn Square
Strabane
Co. Tyrone
BT82 8AL

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,134,731 1,065,678

CURRENT ASSETS
Stocks 5 980,010 512,898
Debtors 6 39,606 63,088
Investments 7 1,271,868 1,518,308
Cash at bank and in hand 44,044 16,986
2,335,528 2,111,280
CREDITORS
Amounts falling due within one year 8 791,861 657,996
NET CURRENT ASSETS 1,543,667 1,453,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,678,398

2,518,962

PROVISIONS FOR LIABILITIES 9 33,602 14,395
NET ASSETS 2,644,796 2,504,567

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings 11 2,634,796 2,494,567
SHAREHOLDERS' FUNDS 2,644,796 2,504,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





S Walls - Director


BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024


1. STATUTORY INFORMATION

Benone Strand Caravans Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Fixed assets are initially recorded at cost.

Stocks
Stocks have been value, at the lower of cost and net realisable value. Cost consists of the invoiced value of goods purchased for resale.

Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits..

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Defined contribution scheme -

The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting period.

Investments
Investments are included at cost less amounts written off. Profits and losses arising from the disposal of listed investments are treated as part of of the results from ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 961,990 290,383 259,430 72,805 1,584,608
Additions - 104,311 - - 104,311
Disposals - - - (27,202 ) (27,202 )
At 31 December 2024 961,990 394,694 259,430 45,603 1,661,717
DEPRECIATION
At 1 January 2024 - 227,582 243,804 47,544 518,930
Charge for year - 25,067 2,344 5,805 33,216
Eliminated on disposal - - - (25,160 ) (25,160 )
At 31 December 2024 - 252,649 246,148 28,189 526,986
NET BOOK VALUE
At 31 December 2024 961,990 142,045 13,282 17,414 1,134,731
At 31 December 2023 961,990 62,801 15,626 25,261 1,065,678

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 980,010 512,898

There is no material difference between the replacement cost of stocks and their balance sheet values.

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 19,367 37,098
VAT - 5,565
Prepayments and accrued income 20,239 20,425
39,606 63,088

7. CURRENT ASSET INVESTMENTS

31.12.24 31.12.23
£    £   
Listed Investments at cost 1,271,868 1,518,308
======== ========


The market value of the investments at 31 December 2024 was £1,884,666.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Corporation Tax 360,871 280,347
Social security and other taxes 16,673 -
VAT 3,785 -
Deposits paid in advance 147,836 200,270
Directors' current accounts 254,897 157,224
Accrued expenses 7,799 20,155
791,861 657,996

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Deferred tax 31,590 12,383
Deferred tax Movement 2,012 2,012
33,602 14,395

Deferred
tax
£   
Balance at 1 January 2024 14,395
Provided during year 19,207
Movement during the year
Balance at 31 December 2024 33,602

BENONE STRAND CARAVANS LTD (REGISTERED NUMBER: NI022854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary Shares £1 10,000 10,000

11. RESERVES
Retained
earnings
£   

At 1 January 2024 2,494,567
Profit for the year 1,140,229
Dividends (1,000,000 )
At 31 December 2024 2,634,796

12. PENSION COMMITMENTS

The company operates a defined contribution small self-administered pension scheme for the benefit of the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The scheme operates on a money purchase basis. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,274 (2023 : £143,722).

13. CONTINGENT LIABILITIES

The company had no contingent liabilities at the year end (2023 : £Nil).

14. CAPITAL COMMITMENTS

The company had no capital commitments at the year end (2023 : £Nil).

15. RELATED PARTY DISCLOSURES

Included in creditors at the year end are amounts owing to the directors of £254,897 (2023: 157,224)

16. POST BALANCE SHEET EVENTS

There have been no significant events affecting the company since the year end.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BENONE STRAND CARAVANS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


4 March 2025