Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseNo description of principal activity88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00213828 2023-10-01 2024-09-30 00213828 2022-10-01 2023-09-30 00213828 2024-09-30 00213828 2023-09-30 00213828 c:Director1 2023-10-01 2024-09-30 00213828 d:MotorVehicles 2023-10-01 2024-09-30 00213828 d:MotorVehicles 2024-09-30 00213828 d:MotorVehicles 2023-09-30 00213828 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00213828 d:FurnitureFittings 2023-10-01 2024-09-30 00213828 d:OfficeEquipment 2023-10-01 2024-09-30 00213828 d:FreeholdInvestmentProperty 2024-09-30 00213828 d:FreeholdInvestmentProperty 2023-09-30 00213828 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 00213828 d:CurrentFinancialInstruments 2024-09-30 00213828 d:CurrentFinancialInstruments 2023-09-30 00213828 d:Non-currentFinancialInstruments 2024-09-30 00213828 d:Non-currentFinancialInstruments 2023-09-30 00213828 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00213828 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00213828 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00213828 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00213828 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 00213828 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 00213828 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 00213828 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 00213828 d:ShareCapital 2024-09-30 00213828 d:ShareCapital 2023-09-30 00213828 d:InvestmentPropertiesRevaluationReserve 2024-09-30 00213828 d:InvestmentPropertiesRevaluationReserve 2023-09-30 00213828 d:RetainedEarningsAccumulatedLosses 2024-09-30 00213828 d:RetainedEarningsAccumulatedLosses 2023-09-30 00213828 c:OrdinaryShareClass1 2023-10-01 2024-09-30 00213828 c:OrdinaryShareClass1 2024-09-30 00213828 c:OrdinaryShareClass1 2023-09-30 00213828 c:OrdinaryShareClass2 2023-10-01 2024-09-30 00213828 c:OrdinaryShareClass2 2024-09-30 00213828 c:OrdinaryShareClass2 2023-09-30 00213828 c:OrdinaryShareClass3 2023-10-01 2024-09-30 00213828 c:OrdinaryShareClass3 2024-09-30 00213828 c:OrdinaryShareClass3 2023-09-30 00213828 c:OrdinaryShareClass4 2023-10-01 2024-09-30 00213828 c:OrdinaryShareClass4 2024-09-30 00213828 c:OrdinaryShareClass4 2023-09-30 00213828 c:OrdinaryShareClass5 2023-10-01 2024-09-30 00213828 c:OrdinaryShareClass5 2024-09-30 00213828 c:OrdinaryShareClass5 2023-09-30 00213828 c:FRS102 2023-10-01 2024-09-30 00213828 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00213828 c:FullAccounts 2023-10-01 2024-09-30 00213828 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00213828 2 2023-10-01 2024-09-30 00213828 6 2023-10-01 2024-09-30 00213828 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00213828










BENNETT'S STORES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BENNETT'S STORES LIMITED
REGISTERED NUMBER: 00213828

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Tangible assets
 4 
2,866
3,822

Fixed asset investments
  
-
100

Investment property
 6 
2,796,148
2,741,322

  
2,799,014
2,745,244

Current assets
  

Debtors
 7 
2,463
38,455

Cash at bank and in hand
 8 
119,297
91,337

  
121,760
129,792

Creditors: amounts falling due within one year
 9 
(45,466)
(47,981)

Net current assets
  
 
 
76,294
 
 
81,811

Total assets less current liabilities
  
2,875,308
2,827,055

Creditors: amounts falling due after more than one year
  
(42,547)
(24,851)

Provisions for liabilities
  

Deferred tax
  
(438,813)
(329,184)

  
 
 
(438,813)
 
 
(329,184)

Net assets
  
2,393,948
2,473,020


Capital and reserves
  

Called up share capital 
 12 
10,000
10,000

Investment property reserve
  
1,968,921
1,743,186

Profit and loss account
  
415,027
719,834

  
2,393,948
2,473,020


Page 1

 
BENNETT'S STORES LIMITED
REGISTERED NUMBER: 00213828
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 profit and loss account 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 on 28 March 2025.




................................................
Richard John Woodvine
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bennett's Stores Limited, 00213828, is a private limited company limited by shares incorporated in England and Wales, with its registered office and principal place of business at The Old Bakery, Main Road, Pontesbury, Shrewsbury, Shropshire, SY5 0RR.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.


Page 4

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis or using the straight line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
33% straight line

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.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 October 2023
12,080



At 30 September 2024

12,080



Depreciation


At 1 October 2023
8,258


Charge for the year on owned assets
956



At 30 September 2024

9,214



Net book value



At 30 September 2024
2,866



At 30 September 2023
3,822


5.


Fixed asset investments





Investments in subsidiary companies

£





At 1 October 2023
100


Disposals
(100)



At 30 September 2024
-






Net book value



At 30 September 2024
-



At 30 September 2023
100

Page 7

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,741,322


Surplus on revaluation
54,826



At 30 September 2024
2,796,148

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 October 2023
1,773,162
1,704,423

Net surplus/(deficit) in movement properties
195,759
38,763

At 30 September 2024
1,968,921
1,743,186




Page 8

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors


2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
-
36,410

-
36,410

Due within one year

Prepayments and accrued income
2,463
2,045

2,463
38,455



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
119,297
91,337

119,297
91,337



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,149

Trade creditors
1,266
553

Other taxation and social security
17,108
18,132

Other creditors
12,937
13,379

Accruals and deferred income
4,155
5,768

45,466
47,981


Page 9

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,000
24,851

Amounts owed to group undertakings
27,547
-

42,547
24,851



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,149


10,000
10,149

Amounts falling due 1-2 years

Bank loans
15,000
15,319


15,000
15,319

Amounts falling due 2-5 years

Bank loans
-
9,532


-
9,532


25,000
35,000


Page 10

 
BENNETT'S STORES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500 (2023 - 500) Ordinary A shares of £1.00 each
500
500
500 (2023 - 500) Ordinary B shares of £1.00 each
500
500
2,125 (2023 - 2,125) Ordinary C shares of £1.00 each
2,125
2,125
2,125 (2023 - 2,125) Ordinary D shares of £1.00 each
2,125
2,125
1,000 (2023 - 1,000) Ordinary E shares of £1.00 each
1,000
1,000
3,750 (2023 - 3,750) Ordinary F shares of £1.00 each
3,750
3,750

10,000

10,000


Page 11