COMPANY REGISTRATION NUMBER:
13086187
|
Benprop Bloomsbury Limited |
|
|
Filleted Unaudited Financial Statements |
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Benprop Bloomsbury Limited |
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Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Investments |
4 |
1,331,809 |
1,011,175 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
1,345,879) |
(
1,023,352) |
|
------------ |
------------ |
|
Net current liabilities |
(
1,345,879) |
(
1,023,352) |
|
------------ |
------------ |
|
Total assets less current liabilities |
(
14,070) |
(
12,177) |
|
-------- |
-------- |
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Net liabilities |
(
14,070) |
(
12,177) |
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-------- |
-------- |
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|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
(
14,071) |
(
12,178) |
|
-------- |
-------- |
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Shareholders deficit |
(
14,070) |
(
12,177) |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2025
, and are signed on behalf of the board by:
Company registration number:
13086187
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Benprop Bloomsbury Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is dependent on th financial support of its parent company which has expressed the willingness to support the company financially for the foreseeable future.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
1,011,175 |
|
Additions |
320,634 |
|
------------ |
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At 31 March 2025 |
1,331,809 |
|
------------ |
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Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
– |
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------------ |
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|
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Carrying amount |
|
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At 31 March 2025 |
1,331,809 |
|
------------ |
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At 31 March 2024 |
1,011,175 |
|
------------ |
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,499 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,342,880 |
1,021,810 |
|
Other creditors |
1,500 |
1,542 |
|
------------ |
------------ |
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1,345,879 |
1,023,352 |
|
------------ |
------------ |
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|
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6.
Controlling party
The parent company is Benprop UK Limited, a company registered in England and Wales. The registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.