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REGISTERED NUMBER: 02694499 (England and Wales)












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: S J Dale



REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



REGISTERED NUMBER: 02694499 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: Lloyds TSB
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 42 52
Investments 5 6,565,896 6,565,896
6,565,938 6,565,948

CURRENT ASSETS
Debtors 6 1,167,092 1,166,132
Cash at bank 9,233 16,060
1,176,325 1,182,192
CREDITORS
Amounts falling due within one year 7 29,464 1,645,721
NET CURRENT ASSETS/(LIABILITIES) 1,146,861 (463,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,712,799

6,102,419

CREDITORS
Amounts falling due after more than one year 8 (1,635,000 ) -

PROVISIONS FOR LIABILITIES (473,128 ) (473,128 )
NET ASSETS 5,604,671 5,629,291

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 5,604,669 5,629,289
SHAREHOLDERS' FUNDS 5,604,671 5,629,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 27th June 2025 and were signed by:





S J Dale - Director


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 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.

Turnover
Turnover represents net invoiced sales of rents and consultancy fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 1 (2023 - 1 ) .

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 5,354
DEPRECIATION
At 1st October 2023 5,302
Charge for year 10
At 30th September 2024 5,312
NET BOOK VALUE
At 30th September 2024 42
At 30th September 2023 52

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30/9/24 30/9/23
£    £   
Investment properties at cost 3,449,897 3,449,897
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 53,161 52,201
Related company - Flexible Car Hire S.L.U 1,113,931 1,113,931
1,167,092 1,166,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts - 1,635,000
Tax - 6,756
Directors' current accounts 25,503 -
Accrued expenses 3,961 3,965
29,464 1,645,721

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 1,635,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 1,635,000 1,635,000

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: £    £   
2 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.