IRIS Accounts Production v25.1.4.42 05973423 director 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059734232023-10-31059734232024-10-31059734232023-11-012024-10-31059734232022-10-31059734232022-11-012023-10-31059734232023-10-3105973423ns15:EnglandWales2023-11-012024-10-3105973423ns14:PoundSterling2023-11-012024-10-3105973423ns10:Director12023-11-012024-10-3105973423ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105973423ns10:SmallEntities2023-11-012024-10-3105973423ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105973423ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105973423ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105973423ns10:FullAccounts2023-11-012024-10-3105973423ns10:RegisteredOffice2023-11-012024-10-3105973423ns5:CurrentFinancialInstruments2024-10-3105973423ns5:CurrentFinancialInstruments2023-10-3105973423ns5:Non-currentFinancialInstruments2024-10-3105973423ns5:Non-currentFinancialInstruments2023-10-3105973423ns5:ShareCapital2024-10-3105973423ns5:ShareCapital2023-10-3105973423ns5:SharePremium2024-10-3105973423ns5:SharePremium2023-10-3105973423ns5:RevaluationReserve2024-10-3105973423ns5:RevaluationReserve2023-10-3105973423ns5:RetainedEarningsAccumulatedLosses2024-10-3105973423ns5:RetainedEarningsAccumulatedLosses2023-10-3105973423ns5:PlantMachinery2023-11-012024-10-3105973423ns5:FurnitureFittings2023-11-012024-10-3105973423ns5:ComputerEquipment2023-11-012024-10-3105973423ns5:PlantMachinery2023-10-3105973423ns5:FurnitureFittings2023-10-3105973423ns5:MotorVehicles2023-10-3105973423ns5:ComputerEquipment2023-10-3105973423ns5:MotorVehicles2023-11-012024-10-3105973423ns5:PlantMachinery2024-10-3105973423ns5:FurnitureFittings2024-10-3105973423ns5:MotorVehicles2024-10-3105973423ns5:ComputerEquipment2024-10-3105973423ns5:PlantMachinery2023-10-3105973423ns5:FurnitureFittings2023-10-3105973423ns5:MotorVehicles2023-10-3105973423ns5:ComputerEquipment2023-10-3105973423ns5:CostValuation2023-10-3105973423ns5:AdditionsToInvestments2024-10-3105973423ns5:DisposalsRepaymentsInvestments2024-10-3105973423ns5:CostValuation2024-10-3105973423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-10-3105973423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3105973423ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-10-3105973423ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-10-3105973423ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3105973423ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3105973423ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-10-3105973423ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-31
REGISTERED NUMBER: 05973423 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BENNIK DEVELOPMENTS LIMITED

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


BENNIK DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: B J Davis





REGISTERED OFFICE: Brook House
Mill Lane
Exton
Exeter
Devon
EX3 0PH





REGISTERED NUMBER: 05973423 (England and Wales)





ACCOUNTANTS: MHA Advisory Limited
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 149,412 28,085
Investments 5 9,751 50,527
Investment property 6 2,775,677 1,137,349
2,934,840 1,215,961

CURRENT ASSETS
Debtors 7 806,251 865,382
Cash at bank 768,499 249,408
1,574,750 1,114,790
CREDITORS
Amounts falling due within one year 8 (119,017 ) (74,859 )
NET CURRENT ASSETS 1,455,733 1,039,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,390,573

2,255,892

CREDITORS
Amounts falling due after more than one
year

9

(383,776

)

(470,453

)

PROVISIONS FOR LIABILITIES (146,682 ) (5,336 )
NET ASSETS 3,860,115 1,780,103

CAPITAL AND RESERVES
Called up share capital 4 3
Share premium 93 -
Revaluation reserve 10 747,651 -
Retained earnings 3,112,367 1,780,100
3,860,115 1,780,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

BALANCE SHEET - continued
31 OCTOBER 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 23 July 2025 and were signed by:





B J Davis - Director


BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

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


1. STATUTORY INFORMATION

Bennik Developments 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.

The presentation currency of the financial statements is Pound Sterling (£).

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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 5,654 35,699 - 10,353 51,706
Additions 4,992 28,279 133,037 4,646 170,954
At 31 October 2024 10,646 63,978 133,037 14,999 222,660
DEPRECIATION
At 1 November 2023 3,087 13,925 - 6,609 23,621
Charge for year 1,890 12,380 33,259 2,098 49,627
At 31 October 2024 4,977 26,305 33,259 8,707 73,248
NET BOOK VALUE
At 31 October 2024 5,669 37,673 99,778 6,292 149,412
At 31 October 2023 2,567 21,774 - 3,744 28,085

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023 50,527
Additions 4,904
Disposals (45,680 )
At 31 October 2024 9,751
NET BOOK VALUE
At 31 October 2024 9,751
At 31 October 2023 50,527

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,137,349
Additions 890,677
Revaluations 747,651
At 31 October 2024 2,775,677
NET BOOK VALUE
At 31 October 2024 2,775,677
At 31 October 2023 1,137,349

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2020 1,137,349
Valuation in 2024 1,638,328
2,775,677

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,021 -
Amounts owed by group undertakings 4,881 842,712
Other debtors 9,238 5,000
Deferred consideration 781,718 -
Directors' current accounts - 16,634
Prepayments 6,393 1,036
806,251 865,382

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,359 41,118
Hire purchase contracts 11,251 -
Trade creditors 5,976 5,820
Corporation tax 17,302 20,184
Social security and other taxes 127 457
VAT 3,645 2,702
Other creditors 9,478 3,078
Directors' current accounts 35,379 -
Accrued expenses 1,500 1,500
119,017 74,859

BENNIK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05973423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 29,422 50,825
Bank loans - 2-5 years 70,672 125,131
Bank loans more 5 yr by instal 241,412 294,497
Hire purchase contracts 42,270 -
383,776 470,453

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 241,412 294,497

10. RESERVES
Revaluation
reserve
£   
Revaluation reserve 747,651

At 31 October 2024 747,651