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Company Registration No. 10041667 (England and Wales)
Benedict Commercial Estates Ltd Unaudited accounts for the year ended 31 March 2025
Benedict Commercial Estates Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Benedict Commercial Estates Ltd Company Information for the year ended 31 March 2025
Director
Hugo Paice
Company Number
10041667 (England and Wales)
Registered Office
42a Museum St London WC1A 1LT England
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Benedict Commercial Estates Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,189,762
6,188,650
Current assets
Debtors
5
100,360
99,475
Cash at bank and in hand
28,461
33,813
128,821
133,288
Creditors: amounts falling due within one year
6
(1,626,046)
(1,675,778)
Net current liabilities
(1,497,225)
(1,542,490)
Total assets less current liabilities
4,692,537
4,646,160
Creditors: amounts falling due after more than one year
7
(2,487,918)
(2,630,454)
Net assets
2,204,619
2,015,706
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,204,519
2,015,606
Shareholders' funds
2,204,619
2,015,706
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2025 and were signed on its behalf by
Hugo Paice Director Company Registration No. 10041667
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Benedict Commercial Estates Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Benedict Commercial Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10041667. The registered office is 42a Museum St, London, WC1A 1LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
Straight line - 33%
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
6,188,649
2,403
6,191,052
Additions
-
1,668
1,668
At 31 March 2025
6,188,649
4,071
6,192,720
Depreciation
At 1 April 2024
-
2,402
2,402
Charge for the year
-
556
556
At 31 March 2025
-
2,958
2,958
Net book value
At 31 March 2025
6,188,649
1,113
6,189,762
At 31 March 2024
6,188,649
1
6,188,650
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Benedict Commercial Estates Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
90,450
90,450
Accrued income and prepayments
9,910
9,025
100,360
99,475
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
27,811
24,568
Taxes and social security
61,285
74,265
Loans from directors
1,534,900
1,574,900
Accruals
2,050
2,045
1,626,046
1,675,778
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,487,918
2,630,454
Bank loans are secured against the company's investment property.
8
Controlling party
The company was controlled throughout the period by its director, Mr Hugo Paice.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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