Registration number: 04464329

B.N.T. Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

B.N.T. Properties Limited

Company Information

Directors

M J Smith Mrs J M T Smith Mr B J Smith Mr N J Smith Mr T E Smith

Company secretary

Mrs J M T Smith

Registered office

Sibson Mill Wellsborough Road Sibson Nuneaton Warwickshire CV13 6LR

Accountants

Wychbury Greaves Station House Station Road Rugeley Staffordshire WS15 3HA

B.N.T. Properties Limited

(Registration number: 04464329)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,168,457	394,379
Investment property	5	15,474,462	15,474,462
		16,642,919	15,868,841
Current assets
Debtors		115,755	339,062
Cash at bank and in hand		347,577	93,924
		463,332	432,986
Creditors: Amounts falling due within one year		(11,096,257)	(12,207,413)
Net current liabilities		(10,632,925)	(11,774,427)
Total assets less current liabilities		6,009,994	4,094,414
Creditors: Amounts falling due after more than one year		(1,719,277)	(235,000)
Net assets		4,290,717	3,859,414
Capital and reserves
Called up share capital	6	100	100
Revaluation reserve		361,844	361,844
Retained earnings		3,928,773	3,497,470
Shareholders' funds		4,290,717	3,859,414

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

B.N.T. Properties Limited

(Registration number: 04464329)
Balance Sheet as at 31 March 2025

......................................... Mr T E Smith Director

B.N.T. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sibson Mill
Wellsborough Road
Sibson
Nuneaton
Warwickshire
CV13 6LR

These financial statements were authorised for issue by the Board on 18 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

B.N.T. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

B.N.T. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Properties under construction  £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	394,378	60,172	454,550
Additions	774,079	-	774,079
At 31 March 2025	1,168,457	60,172	1,228,629
Depreciation
At 1 April 2024	-	60,172	60,172
At 31 March 2025	-	60,172	60,172
Carrying amount
At 31 March 2025	1,168,457	-	1,168,457
At 31 March 2024	394,378	1	394,379

5	Investment properties

	2025 £
At 1 April	15,474,462
At 31 March	15,474,462

Investment property was valued on an open market value on 31 March 2022 by Peter J Hicks BSc (EST Man) FRICS.

Fair value at 31 March 2022 is represented by:

B.N.T. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025 £	2024 £
Cost	17,049,924	17,049,924
Revaluation in 2009	(437,849)	(437,849)
Revaluation in 2012	(850,000)	(850,000)
Revaluation in 2014	(705,767)	(705,767)
Revaluation in 2015	668,440	668,440
Revaluation in 2021	55,779	55,779
Revaluation in 2022	(306,065)	(306,065)
	15,474,462	15,474,462