REGISTERED NUMBER: 00550028 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

W R Bennett (Berkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Bennett

Mr R L Bennett

REGISTERED OFFICE:

5 Beech Court

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

00550028 (England and Wales)

ACCOUNTANTS:

Sweeting & Smedley Limited

5 Beech Court

Hurst

Berkshire

RG10 0RQ

FIXED ASSETS

Property, plant and equipment

4

576,952

657,478

Investment property

5

12,891,285

12,741,817

13,468,237

13,399,295

CURRENT ASSETS

Inventories

2,625

539

Debtors

6

1,360,531

1,733,951

Cash at bank and in hand

348,497

92,681

1,711,653

1,827,171

CREDITORS

Amounts falling due within one year

7

805,483

1,438,148

NET CURRENT ASSETS

906,170

389,023

TOTAL ASSETS LESS CURRENT LIABILITIES

14,374,407

13,788,318

CREDITORS

Amounts falling due after more than one year

8

(4,112,575

)

(3,757,368

)

PROVISIONS FOR LIABILITIES

(2,629,482

)

(2,619,715

)

NET ASSETS

7,632,350

7,411,235

CAPITAL AND RESERVES

Called up share capital

16,000

16,000

Share premium

35,756

35,756

Retained earnings

7,580,594

7,359,479

SHAREHOLDERS' FUNDS

7,632,350

7,411,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr R L Bennett - Director

1.	STATUTORY INFORMATION

W R Bennett (Berkshire) 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.

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 represents net invoiced rents, excluding value added tax.

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 etc

-

20% on cost and Straight line over 7 years

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.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the term lease, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

1,534,464

Additions

65,075

At 31 March 2025

1,599,539

DEPRECIATION

At 1 April 2024

876,986

Charge for year

145,601

At 31 March 2025

1,022,587

NET BOOK VALUE

At 31 March 2025

576,952

At 31 March 2024

657,478

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

12,741,817

Additions

149,468

At 31 March 2025

12,891,285

NET BOOK VALUE

At 31 March 2025

12,891,285

At 31 March 2024

12,741,817

Fair value at 31 March 2025 is represented by:

£

Valuation in 1981

356,046

Valuation in 2007

1,731,178

Valuation in 2012

3,276,891

Valuation in 2017

451,163

Valuation in 2018

194,260

Valuation in 2019

(22,222

)

Valuation in 2020

300,000

Valuation in 2023

2,000,386

Valuation in 2024

2,002,250

Cost

2,601,333

12,891,285

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,601,333

2,451,865

Investment property was valued on an open market basis on 31 March 2025 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,200

11,878

Other debtors

1,352,331

1,722,073

1,360,531

1,733,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

337,252

988,881

Trade creditors

154,104

133,660

Taxation and social security

122,345

128,338

Other creditors

191,782

187,269

805,483

1,438,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,112,575

3,757,368

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

4,449,827

4,746,249

Charges are registered at Companies House over the assets of the company by The Agricultural Mortgage Corporation PLC and Lloyds Bank PLC.

10.	OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £39,762 falling due within 3 years.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr R L Bennett

Balance outstanding at start of year

67,114

-

Amounts advanced

16,678

67,114

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,792

67,114

Mr M R Bennett

Balance outstanding at start of year

67,114

-

Amounts advanced

16,678

67,114

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,792

67,114

12.	ULTIMATE CONTROLLING PARTY

There is no single controlling party.