Benchmark Quality Homes Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13419083

Benchmark Quality Homes Ltd

Filleted Unaudited Financial Statements

31 May 2025

Benchmark Quality Homes Ltd

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		279	510

Current assets

Stocks		–	613,000
Debtors	6	28,424	8,372
Cash at bank and in hand		133,369	149,914
		---------	---------
		161,793	771,286

Creditors: amounts falling due within one year	7	39,947		762,939
		---------		---------
Net current assets			121,846	8,347
			---------	-------
Total assets less current liabilities			122,125	8,857
			---------	-------
Net assets			122,125	8,857
			---------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	122,123	8,855
	---------	-------
Shareholders funds	122,125	8,857
	---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Benchmark Quality Homes Ltd

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mr C Bennett
Director

Company registration number: 13419083

Benchmark Quality Homes Ltd

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 South House Bond Avenue, Bletchley, Milton Keynes, MK1 1SW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

		-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	926	926
	----	----
Depreciation
At 1 June 2024	416	416
Charge for the year	231	231
	----	----
At 31 May 2025	647	647
	----	----
Carrying amount
At 31 May 2025	279	279
	----	----
At 31 May 2024	510	510
	----	----

6. Debtors

	2025	2024
	£	£
Other debtors	28,424	8,372
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	22,788
Corporation tax	35,940	4,678
Social security and other taxes	–	633
Other creditors	4,007	734,840
	--------	---------
	39,947	762,939
	--------	---------

Close Brothers Limited hold a charge against the company in respect of other creditors amounting.

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr C Bennett	273,109	19,000	( 292,002)	107
Mr G Monks	459,307	100,000	( 559,307)	–
	---------	---------	---------	----
	732,416	119,000	( 851,309)	107
	---------	---------	---------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr C Bennett	477,669	250	( 47,864)	430,055
Mr G Monks	320,723	12,800	( 31,162)	302,361
	---------	--------	--------	---------
	798,392	13,050	( 79,026)	732,416
	---------	--------	--------	---------