REGISTERED NUMBER: 03739644 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BEN MAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B A Huggins

REGISTERED OFFICE:

18 Cambridge Mews

Cambridge Grove

Hove

East Sussex

BN3 3EZ

REGISTERED NUMBER:

03739644 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Investment property

4

525,000

470,000

CURRENT ASSETS

Debtors

5

544

1,284

Cash at bank

44,681

15,326

45,225

16,610

CREDITORS

Amounts falling due within one year

6

(11,216

)

(7,524

)

NET CURRENT ASSETS

34,009

9,086

TOTAL ASSETS LESS CURRENT LIABILITIES

559,009

479,086

CREDITORS

Amounts falling due after more than one year

7

(93,210

)

(48,398

)

PROVISIONS FOR LIABILITIES

9

(95,370

)

(81,620

)

NET ASSETS

370,429

349,068

CAPITAL AND RESERVES

Called up share capital

10

100

100

Non-distributable reserve

279,274

238,024

Retained earnings

91,055

110,944

SHAREHOLDERS' FUNDS

370,429

349,068

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 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.

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 16 December 2025 and were signed by:

B A Huggins - Director

1.	STATUTORY INFORMATION

Ben Max 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 the 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 represents the fair value of consideration received or receivable net of VAT and rental income is recognised on an accruals basis.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The properties have been valued using an open market valuation by Brian Huggins, the director.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

470,000

Revaluations

55,000

At 31 March 2025

525,000

NET BOOK VALUE

At 31 March 2025

525,000

At 31 March 2024

470,000

Investment properties were valued on an open market basis on 31 March 2025 by the director.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

544

1,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,721

2,559

Taxation and social security

-

2,695

Other creditors

4,495

2,270

11,216

7,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

93,210

48,398

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

62,204

35,445

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

99,931

50,957

The company's mortgagees have a fixed and floating charge over the assets of the company.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

95,370

81,620

Deferred tax

£

Balance at 1 April 2024

81,620

Property revaluation

13,750

Balance at 31 March 2025

95,370

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100