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Registered number: 08478457










J.N. Bentley Properties Limited










DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
J.N. BENTLEY PROPERTIES LIMITED
 

COMPANY INFORMATION


Director
Mr M M Bentley 




Registered number
08478457



Registered office
19 Hornbeam Square South

Hornbeam Park

Harrogate

North Yorkshire

HG2 8NB




Independent auditors
AAB Audit & Accountancy Limited

Accountants and statutory auditors

Gresham House

5-7 St Pauls Street

Leeds

LS1 2JG




Bankers
HSBC Bank plc
33 Park Row

Leeds

West Yorkshire

LS1 1LD







 
J.N. BENTLEY PROPERTIES LIMITED
 

CONTENTS



Page
Director's Report
 
 
1 - 2
Director's Responsibilities Statement
 
 
3
Independent Auditors' Report
 
 
4 - 7
Statement of Income and Retained Earnings
 
 
8
Statement of Financial Position
 
 
9 - 10
Notes to the Financial Statements
 
 
11 - 16


 
J.N. BENTLEY PROPERTIES LIMITED
 

 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Principal activity

The principal activity of the company during the year was property management.

Review of the business

The company was established as a property management company. The property rental portfolio managed by JN Bentley Properties Limited comprises nine commercial properties, of which three are owned by the company and six owned by an associated company, based in the Isle of Man, with JN Bentley Properties Limited acting as rental agent for these properties.
Performance
The company had a turnover in the year, derived from commerical property letting and associated activities of £543,502 (2023: £532,331). The company generated a profit before tax for the financial year of £147,844 (2023: £104,849).

Director

The director who served during the year and up to the date of this report were:

Mr M M Bentley 

Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:
 
so far as he is aware, there is no relevant audit information of which the Company's auditors are unaware, and

he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

Under section 487(2) of the Companies Act 2006AAB Audit & Accountancy Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

Small companies provisions

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

This report was approved by the board and signed on its behalf.
 





Mr M M Bentley
Director

Date: 9 July 2025

19 Hornbeam Square South
Hornbeam Park
Harrogate
North Yorkshire
HG2 8NB

Page 2

 
J.N. BENTLEY PROPERTIES LIMITED
 

DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF J.N. BENTLEY PROPERTIES LIMITED
 

Opinion


We have audited the financial statements of J.N. Bentley Properties Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF J.N. BENTLEY PROPERTIES LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Director's Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.


Responsibilities of directors
 

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.


Page 5

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF J.N. BENTLEY PROPERTIES LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements.  
The laws and regulations we considered in this context were Companies Act 2006 and UK Taxation legislation.
We identified the greatest risk of material impact on the financial statements from irregularities including fraud to be: 
 
Management override of controls to manipulate the company’s key performance indicators to meet targets 
Timing of revenue recognition 
Management judgement applied in calculating provisions 
Compliance with relevant laws and regulations which directly impact the financial statements and those that the company needs to comply with for the purpose of trading 
 
Our audit procedures to respond to these risks included: 
 
Testing of journal entries and other adjustments for appropriateness 
Evaluating the business rationale of significant transactions outside the normal course of business 
Reviewing judgements made by management in their calculation of accounting estimates for potential management bias 
Enquiries of management about litigation and claims and inspection of relevant correspondence 
Reviewing legal and professional fees to identify indications of actual or potential litigation, claims and any non-compliance with laws and regulations 
Analytical procedures to identify any unusual or unexpected trends or relationship; 
Reviewing minutes of meetings of those charged with governance to identify any matters indicating actual or potential fraud 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 6

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF J.N. BENTLEY PROPERTIES LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





James Hunt BA (Hons) MA FCA CTA (Senior Statutory Auditor)
  
for and on behalf of
AAB Audit & Accountancy Limited
 
Accountants and stautory auditor
  
Gresham House
Leeds
LS1 2JG

9 July 2025
Page 7

 
J.N. BENTLEY PROPERTIES LIMITED
 

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
  
543,502
532,331

Cost of sales
  
(20,685)
(25,517)

Gross profit
  
522,817
506,814

Administrative expenses
  
(313,366)
(343,922)

Operating profit
  
209,451
162,892

Change in market value of investments
  
17,999
19,732

Interest receivable and similar income
  
868
10,100

Interest payable and similar expenses
  
(80,474)
(87,875)

Profit before tax
  
147,844
104,849

Tax on profit
  
(28,603)
(16,964)

Profit after tax
  
119,241
87,885

  

  

Retained earnings at the beginning of the year
  
2,917,772
2,829,887

  
2,917,772
2,829,887

Profit for the year
  
119,241
87,885

Retained earnings at the end of the year
  
3,037,013
2,917,772
All income is from continuing operations.

The notes on pages 11 to 16 form part of these financial statements.

Page 8

 
J.N. BENTLEY PROPERTIES LIMITED
REGISTERED NUMBER: 08478457

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
5,673,479
5,669,768

Investments
 6 
72,341
65,095

  
5,745,820
5,734,863

Current assets
  

Stocks
  
304,264
204,925

Debtors: amounts falling due within one year
 7 
210,925
237,634

Cash at bank and in hand
  
370,569
323,153

  
885,758
765,712

Creditors: amounts falling due within one year
 8 
(480,969)
(469,207)

Net current assets
  
 
 
404,789
 
 
296,505

Total assets less current liabilities
  
6,150,609
6,031,368

Creditors: amounts falling due after more than one year
 9 
(2,275,000)
(2,275,000)

Provisions for liabilities
  

Deferred tax
 10 
(494,000)
(494,000)

  
 
 
(494,000)
 
 
(494,000)

Net assets
  
3,381,609
3,262,368


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
344,595
344,595

Profit and loss account
  
3,037,013
2,917,772

  
3,381,609
3,262,368


Page 9

 
J.N. BENTLEY PROPERTIES LIMITED
REGISTERED NUMBER: 08478457

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 were approved and authorised for issue by the board and were signed on its behalf on 9 July 2025.


Mr M M Bentley
Director

The notes on pages 11 to 16 form part of these financial statements.

Page 10

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Hornbeam Square South, Hornbeam Park, Harrogate, HG2 8NB, North Yorkshire. The principal activity of the company is property management. 

2.


Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard application in the UK and the Republic of Ireland'.

3.Accounting policies

 
3.1

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 financial statements are prepared in sterling, which is the functional currency of the entity.

The following principal accounting policies have been applied:

 
3.2

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 

  
3.3

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.

 
3.4

Turnover

Turnover represents the sum of invoiced rentals to customers, agency fees and the sales value of investment property transactions, all net of value added tax. Rental income is derived from commercial property leases and is recognised over the term of the lease, allowing for any tenant incentives granted.

 
3.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 11

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

 
3.6

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 reporting 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 reporting 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 reporting date.


 
3.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20-33% 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.

 
3.8

Valuation of investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

  
3.9

Land held for development

Land held for development is stated at cost less any provision for impairment.

Page 12

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

 
3.10

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.

 
3.11

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.

 
3.12

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


Page 13

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Investment property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2024
5,665,000
130,467
5,795,467


Additions
-
5,359
5,359



At 31 December 2024

5,665,000
135,826
5,800,826



Depreciation


At 1 January 2024
-
125,699
125,699


Charge for the year on owned assets
-
1,648
1,648



At 31 December 2024

-
127,347
127,347



Net book value



At 31 December 2024
5,665,000
8,479
5,673,479



At 31 December 2023
5,665,000
4,768
5,669,768

The investment property has been valued at a fair value of £5,665,000 on the basis of a third-party valuation performed August 2019. The directors do not consider there to be a material movement in fair value since this date. The original cost of the properties was £3,855,119.


6.


Investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2024
65,095


Revaluations
7,246



At 31 December 2024
72,341





Page 14

 
J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
74,034
87,501

Other debtors
112,411
122,912

Prepayments and accrued income
24,480
27,221

210,925
237,634



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,922
7,090

Amounts owed to group undertakings
211,009
210,789

Corporation tax
29,000
17,000

Other taxation and social security
25,914
25,774

Accruals and deferred income
208,124
208,554

480,969
469,207




9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,275,000
2,275,000

2,275,000
2,275,000


The brought forward balance owed to the parent company was converted into a funding loan on 8 April 2019. Interest is charged at 3% and is payable annually on 5 April, the current interest creditor is shown in Note 9 above. The funding loan has a backstop repayment date of 9 April 2029.
A new loan was entered into on 19 December 2019. On this new loan, interest is charged at 8% and is payable annually on 5 April, the current interest creditor is shown in Note 9 above. The funding loan has a backstop repayment date of 19 December 2024, during the year the repayment date has been extended to 31 December 2029.










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J.N. BENTLEY PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(494,000)



At end of year
(494,000)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(494,000)
(494,000)

(494,000)
(494,000)


11.


Capital commitments


At 31 December 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
43,000
-

43,000
-


12.


Related party transactions

The company operates from an office in Harrogate, North Yorkshire which is owned by Bentley Investments Limited, a company registered in the Isle of Man and under the ultimate control of Mr J N Bentley. The company pays rent for its occupation of the office totalling £19,754 (2023: £20,130), the rent was set in accordance with local market conditions.
A management charge is also received from a company under common control of £17,840 (2023: £16,977).


13.


Controlling party

The immediate parent undertaking is Bentley O-S Limited, a company incorporated in the Isle of Man.
The directors consider that Mr J N Bentley has the controlling interest in that company.

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