REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30th September 2024 |
for |
BENACRE INVESTMENTS LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30th September 2024 |
for |
BENACRE INVESTMENTS LIMITED |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Contents of the Financial Statements |
for the year ended 30th September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BENACRE INVESTMENTS LIMITED |
Company Information |
for the year ended 30th September 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Tower House |
Tower Centre |
Hoddesdon |
Hertfordshire |
EN11 8UR |
BANKERS: |
Hertford Business Centre |
1 Bircherley Street |
Hertford |
Hertfordshire |
SG14 1BU |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Balance Sheet |
30th September 2024 |
30/9/24 | 30/9/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Balance Sheet - continued |
30th September 2024 |
The financial statements were approved by the director and authorised for issue on |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Notes to the Financial Statements |
for the year ended 30th September 2024 |
1. | STATUTORY INFORMATION |
BENACRE INVESTMENTS LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of rents and consultancy fees. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Notes to the Financial Statements - continued |
for the year ended 30th September 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st October 2023 |
and 30th September 2024 |
DEPRECIATION |
At 1st October 2023 |
Charge for year |
At 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
30/9/24 | 30/9/23 |
£ | £ |
Investment properties at cost |
Revaluation surplus | 3,115,999 | 3,115,999 |
6,565,896 | 6,565,896 |
Investment property has been valued as at the 30th September 2021 by Mr S.J. Dale, the director of the company, based on his knowledge of the local property market. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/24 | 30/9/23 |
£ | £ |
Related Company - SD Homes Ltd |
Related company - Flexible Car Hire S.L.U |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/24 | 30/9/23 |
£ | £ |
Bank loans and overdrafts |
Tax |
Directors' current accounts |
Accrued expenses |
BENACRE INVESTMENTS LIMITED (REGISTERED NUMBER: 02694499) |
Notes to the Financial Statements - continued |
for the year ended 30th September 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30/9/24 | 30/9/23 |
£ | £ |
Bank loans - 2-5 years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30/9/24 | 30/9/23 |
£ | £ |
Bank loans |
Borrowings from the company's bankers, Lloyds Bank PLC and Handelsbaken are secured by way of a mortgage charge over a number of the company's leasehold investment properties. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/24 | 30/9/23 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
11. | RELATED PARTY DISCLOSURES |
Included in debtors at the year end are amounts of £53,161 (2023: £52,201) owed by SD Homes Limited and £1,113,931 (2023: £1,113,931) owed by Flexible Car Hire S.L.U, companies in which Mr S J Dale is a director and shareholder. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is S J Dale. |