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REGISTERED NUMBER: 00371032















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BENFREY,LIMITED

BENFREY,LIMITED (Registered number: 00371032)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENFREY,LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R. Perlow





SECRETARY: J. Perlow





REGISTERED OFFICE: 8 GREEN LANE
LONDON
NW4 2NN





REGISTERED NUMBER: 00371032





ACCOUNTANTS: Purcells, Chartered Accountants
4 Quex Road
London
NW6 4PJ

BENFREY,LIMITED (Registered number: 00371032)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,458,807 1,435,408

CURRENT ASSETS
Debtors 4 106,980 106,980
Cash at bank 4,259 24,956
111,239 131,936
CREDITORS
Amounts falling due within one year 5 8,502 13,529
NET CURRENT ASSETS 102,737 118,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,561,544

1,553,815

CREDITORS
Amounts falling due after more than one
year

6

203,496

203,496
NET ASSETS 1,358,048 1,350,319

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Fair value reserve 977,070 977,070
Retained earnings 378,978 371,249
SHAREHOLDERS' FUNDS 1,358,048 1,350,319

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BENFREY,LIMITED (Registered number: 00371032)

Balance Sheet - continued
31 March 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 director and authorised for issue on 19 March 2025 and were signed by:





R. Perlow - Director


BENFREY,LIMITED (Registered number: 00371032)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:-

Office equipment and computers - 25% reducing balance basis

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
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 it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

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

BENFREY,LIMITED (Registered number: 00371032)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Freehold
property Computer Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,435,408 1,200 1,436,608
Additions 23,399 - 23,399
At 31 March 2024 1,458,807 1,200 1,460,007
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 1,200 1,200
NET BOOK VALUE
At 31 March 2024 1,458,807 - 1,458,807
At 31 March 2023 1,435,408 - 1,435,408

The Company's investment properties were valued by the Directors at 31 March 2023 based on the Directors' understanding of property market conditions and the specific properties concerned. If this property was not included at valuation, this would be included under the historical cost convention at the original cost of £14,000.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Deposit scheme 2,730 2,730
Prepayments and loans 101,080 101,080
Directors current account 3,170 3,170
106,980 106,980

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 1,813 -
Deposit 2,729 2,729
Accrued expenses 3,960 10,800
8,502 13,529

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Deferred tax liability 203,496 203,496

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,000 Ordinary £1 2,000 2,000