Registered number
12947326
Bennett Investment Properties Ltd
Filleted Accounts
for the year ended 31 October 2024
Bennett Investment Properties Ltd
Registered number: 12947326
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 150,000 150,000
Current assets
Cash at bank and in hand 291 4,159
Creditors: amounts falling due within one year 4 (49,608) (50,768)
Net current liabilities (49,317) (46,609)
Total assets less current liabilities 100,683 103,391
Creditors: amounts falling due after more than one year 5 (114,798) (114,772)
Net liabilities (14,115) (11,381)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,116) (11,382)
Shareholder's funds (14,115) (11,381)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Colin Paul Bennett
Director
Approved by the board on 2 July 2025
Bennett Investment Properties Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rented properties and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Fixtures, fittings, tools and equipment 20% reducing balances
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 150,000
At 31 October 2024 150,000
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 150,000
At 31 October 2023 150,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan 37,500 37,500
Other creditors 12,108 13,268
49,608 50,768
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 114,798 114,772
6 Other information
Bennett Investment Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3, 151 Carpenters Court
Croydon Road
Caterham
Surrey
CR3 6PX
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