General Information
Bessant Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06968631, registration address 4 Moberly Road, Salisbury, SP1 3BY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
25% Straight Line
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognized in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
1,756 |
|
1,756 |
| Additions |
666 |
|
666 |
| Disposals |
- |
|
- |
| At 30 April 2025 |
2,422 |
|
2,422 |
| Depreciation |
| At 01 May 2024 |
546 |
|
546 |
| Charge for year |
508 |
|
508 |
| On disposals |
- |
|
- |
| At 30 April 2025 |
1,054 |
|
1,054 |
| Net book values |
| Closing balance as at 30 April 2025 |
1,368 |
|
1,368 |
| Opening balance as at 01 May 2024 |
1,210 |
|
1,210 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
6,121,800 |
|
6,121,800 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 April 2025 |
6,121,800 |
|
6,121,800 |
Fixed asset investments represent investment property included at fair value as assessed by the directors.
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
6,427 |
|
0 |
| Corporation Tax |
20,952 |
|
0 |
|
27,379 |
|
0 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
109 |
|
1,552 |
| Corporation Tax |
0 |
|
80,008 |
| Accrued Expenses |
2,000 |
|
2,000 |
| Deferred Income |
29,490 |
|
6,546 |
| VAT |
12,332 |
|
11,046 |
|
43,931 |
|
101,152 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Loans |
3,048,037 |
|
3,283,037 |
|
3,048,037 |
|
3,283,037 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
342 |
|
302 |
|
342 |
|
302 |
|
| 9. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Mr J L Bessant | 0 | | 0 | | (3,048,037) | | (3,283,037) |
The loan is interest free with no fixed date of repayment. Mr J Bessant has agreed that repayments need only be made at the company's discretion as cashflow permits. |
3
|