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Registered number: 12856884









BENNAH PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BENNAH PROPERTIES LIMITED
REGISTERED NUMBER: 12856884

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
580,000
555,000

Current assets
  

Debtors: amounts falling due within one year
 5 
563
406

Cash at bank and in hand
  
2,854
23,280

  
3,417
23,686

Creditors: amounts falling due within one year
 6 
(293,531)
(281,268)

Net current liabilities
  
 
 
(290,114)
 
 
(257,582)

Total assets less current liabilities
  
289,886
297,418

Creditors: amounts falling due after more than one year
 7 
(244,798)
(281,928)

Provisions for liabilities
  

Deferred tax
  
(7,642)
(1,392)

Net assets
  
37,446
14,098


Capital and reserves
  

Called up share capital 
  
200
200

Investment property reserve
 9 
22,927
4,177

Profit and loss account
 9 
14,319
9,721

  
37,446
14,098


Page 1

 
BENNAH PROPERTIES LIMITED
REGISTERED NUMBER: 12856884
    
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 24 June 2025.



H Smith
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
BENNAH PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
200
4,177
9,721
14,098


Comprehensive income for the year

Profit for the year
-
-
23,348
23,348

Transfer of gain on revaluation of investment property
-
-
(18,750)
(18,750)

Gain on revaluation of investment property
-
18,750
-
18,750
Total comprehensive income for the year
-
18,750
4,598
23,348


At 30 September 2024
200
22,927
14,319
37,446


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BENNAH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number: 12856884). The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR. The principal place of business is situtated at 48 Elvaston Road, Wollaton, Nottinghamshire, NG8 1JW.

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

Going concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has sufficient resources to be able to continue to trade until at least June 2026.

 
2.3

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:

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 4

 
BENNAH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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.


3.


Employees

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

Page 5

 
BENNAH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
555,000


Surplus on revaluation
25,000



At 30 September 2024
580,000

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
4,177
-

Net surplus/(deficit) in movement properties
18,750
4,177

At 30 September 2024
22,927
4,177



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
549,431
549,431


5.


Debtors

2024
2023
£
£

Prepayments and accrued income
563
406


Page 6

 
BENNAH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,450
7,573

Other taxation and social security
1,079
1,728

Other creditors
279,654
269,654

Accruals and deferred income
3,348
2,313

293,531
281,268



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
244,798
281,928



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,450
7,573

Amounts falling due 1-2 years

Bank loans
10,323
7,803

Amounts falling due 2-5 years

Bank loans
32,858
24,858

Amounts falling due after more than 5 years

Bank loans
201,617
249,268

254,248
289,502


Bank loans are secured by legal mortgages over the properties owned by the company.

Page 7

 
BENNAH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve is not distributable, it contains unrealised gains and losses on the valuations of the investment properties.

Profit and loss account

The profit and loss reserve includes all current and prior retained profits and losses.

 
Page 8