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REGISTERED NUMBER: 00550028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W R Bennett (Berkshire) Limited

W R Bennett (Berkshire) Limited (Registered number: 00550028)






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


W R Bennett (Berkshire) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M R Bennett
Mr R L Bennett





REGISTERED OFFICE: 2 Church Street
Burnham
Buckinghamshire
SL1 7HZ





REGISTERED NUMBER: 00550028 (England and Wales)





ACCOUNTANTS: Sweeting & Smedley Limited
2 Church Street
Burnham
Buckinghamshire
SL1 7HZ

W R Bennett (Berkshire) Limited (Registered number: 00550028)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 657,478 385,772
Investments 5 - 4,500
Investment property 6 12,741,817 10,636,092
13,399,295 11,026,364

CURRENT ASSETS
Inventories 539 3,298
Debtors 7 1,733,951 1,351,947
Cash at bank and in hand 92,681 89,834
1,827,171 1,445,079
CREDITORS
Amounts falling due within one year 8 1,438,148 625,048
NET CURRENT ASSETS 389,023 820,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,788,318

11,846,395

CREDITORS
Amounts falling due after more than one
year

9

(3,757,368

)

(3,922,572

)

PROVISIONS FOR LIABILITIES (2,619,715 ) (2,091,224 )
NET ASSETS 7,411,235 5,832,599

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Share premium 35,756 35,756
Retained earnings 7,359,479 5,780,843
SHAREHOLDERS' FUNDS 7,411,235 5,832,599

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 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.

W R Bennett (Berkshire) Limited (Registered number: 00550028)

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 Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mr R L Bennett - Director


W R Bennett (Berkshire) Limited (Registered number: 00550028)

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

1. STATUTORY INFORMATION

W R Bennett (Berkshire) Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rents, excluding value added tax.

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 etc - 20% on cost and Straight line over 7 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

W R Bennett (Berkshire) Limited (Registered number: 00550028)

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

2. ACCOUNTING POLICIES - continued

Hire purchase commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the term lease, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,140,217
Additions 394,247
At 31 March 2024 1,534,464
DEPRECIATION
At 1 April 2023 754,445
Charge for year 122,541
At 31 March 2024 876,986
NET BOOK VALUE
At 31 March 2024 657,478
At 31 March 2023 385,772

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 4,500
Disposals (4,500 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,500

W R Bennett (Berkshire) Limited (Registered number: 00550028)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 10,636,092
Additions 103,474
Revaluations 2,002,251
At 31 March 2024 12,741,817
NET BOOK VALUE
At 31 March 2024 12,741,817
At 31 March 2023 10,636,092

Fair value at 31 March 2024 is represented by:
£   
Valuation in 1981 356,046
Valuation in 2007 1,731,178
Valuation in 2012 3,276,891
Valuation in 2017 451,163
Valuation in 2018 194,260
Valuation in 2019 (22,222 )
Valuation in 2020 300,000
Valuation in 2023 2,000,386
Valuation in 2024 2,002,250
Cost 2,451,865
12,741,817

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 2,451,865 2,348,390

Investment property was valued on an open market basis on 31 March 2024 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,878 38,684
Other debtors 1,722,073 1,313,263
1,733,951 1,351,947

W R Bennett (Berkshire) Limited (Registered number: 00550028)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 988,881 341,925
Trade creditors 133,660 40,762
Taxation and social security 128,338 11,526
Other creditors 187,269 230,835
1,438,148 625,048

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 3,757,368 3,922,572

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 4,746,249 4,264,497

Charges are registered at Companies House over the assets of the company by The Agricultural Mortgage Corporation PLC and Lloyds Bank PLC.

11. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £30,001 falling due within 3 years.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R L Bennett
Balance outstanding at start of year - -
Amounts advanced 67,114 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,114 -

Mr M R Bennett
Balance outstanding at start of year - -
Amounts advanced 67,114 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,114 -

W R Bennett (Berkshire) Limited (Registered number: 00550028)

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

13. ULTIMATE CONTROLLING PARTY

There is no single controlling party.