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BENGEWORTH PROPERTY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Bengeworth Property Investments Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Ground Floor, 35 Newhall Street, Birmingham, West Midlands, B3 3PU. The address of its principal place of business is Unit 15, Enfield Industrial Estate, Redditch, Worcester B97 6BG.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The company is dependent upon financial support from its directors. They have indicated that they will continue to provide financial support to the company for the forseeable future. Accordingly these financial statements have been prepared on the going concern basis.
Turnover comprises revenue recognised by the company in respect of property sales completed
during the year.
Rent receivable is the amount receivable from the short term rental of properties held as work in
progress whilst awaiting development.
Work in progress is valued on the basis of direct costs. Provision is made for any foreseeable losses
where appropriate. No element of profit is included in the valuation of work in progress.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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