REGISTERED NUMBER: 12013503 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BENNET PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M B Shaw

SECRETARY:

Mrs C N C Shaw

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

12013503 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

250

370

Investments

5

50

50

300

420

CURRENT ASSETS

Debtors

6

48,363

64,000

Cash at bank

235

581

48,598

64,581

CREDITORS

Amounts falling due within one year

7

11,855

13,491

NET CURRENT ASSETS

36,743

51,090

TOTAL ASSETS LESS CURRENT LIABILITIES

37,043

51,510

CREDITORS

Amounts falling due after more than one year

8

(36,610

)

(42,192

)

PROVISIONS FOR LIABILITIES

9

(48

)

-

NET ASSETS

385

9,318

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

283

9,216

SHAREHOLDERS' FUNDS

385

9,318

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 23 December 2025 and were signed by:

M B Shaw - Director

1.	STATUTORY INFORMATION

Bennet Property 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,499

DEPRECIATION

At 1 April 2024

1,129

Charge for year

120

At 31 March 2025

1,249

NET BOOK VALUE

At 31 March 2025

250

At 31 March 2024

370

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

50

At 31 March 2024

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

18,000

44,000

Redco Homes Ltd

20,000

20,000

Directors' loan accounts

10,363

-

48,363

64,000

Amounts owed by associates is represented by a loan that was issued to Haldon Road Ltd of which the company is a minority shareholder.

The balance due from Redco Homes Limited is an unsecured, interest-free loan, repayable on demand.

M B Shaw is a director and a 50% shareholder of Redco Homes Limited.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,384

8,431

Tax

975

-

Other creditors

2,500

2,500

Directors' loan accounts

-

1,564

Accrued expenses

996

996

11,855

13,491

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,571

8,644

Bank loans - 2-5 years

23,882

27,310

Bank loans more 5 yr by instal

5,157

6,238

36,610

42,192

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,157

6,238

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

48

-

Deferred

tax

£

Provided during year

48

Balance at 31 March 2025

48

10.	RELATED PARTY DISCLOSURES

In the year, services were rendered to the following related parties:

£5,000 (2024: £nil) with Haldon Road Limited

£350 (2024: £nil) with Landsbury Group Holdings Limited

£16,550 (2024: £6,000) with Redco Homes Limited

£nil (2024: £5,000) with Podmore Limited

M B Shaw is a director of, and exercises control over, the above-mentioned companies.

All companies traded on normal commercial terms.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M B Shaw.