REGISTERED NUMBER: 01926902 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Bennetts of Ross Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J W Bennett

C F Bennett

Mrs L Bennett

REGISTERED OFFICE:

Wilton Service Station

Ross on Wye

Herefordshire

HR9 6AE

REGISTERED NUMBER:

01926902 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

National Westminster Bank Plc

Market Place

Ross-on-Wye

Herefordshire

HR9 5BX

FIXED ASSETS

Tangible assets

4

84,422

116,023

Investment property

5

660,000

625,000

744,422

741,023

CURRENT ASSETS

Stocks

152,406

163,257

Debtors

6

1,470,196

1,281,914

Cash at bank and in hand

521,884

618,446

2,144,486

2,063,617

CREDITORS

Amounts falling due within one year

7

477,398

403,659

NET CURRENT ASSETS

1,667,088

1,659,958

TOTAL ASSETS LESS CURRENT LIABILITIES

2,411,510

2,400,981

PROVISIONS FOR LIABILITIES

92,806

91,834

NET ASSETS

2,318,704

2,309,147

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Fair value reserve

413,541

387,291

Retained earnings

1,875,163

1,891,856

SHAREHOLDERS' FUNDS

2,318,704

2,309,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

J W Bennett - Director

1.	STATUTORY INFORMATION

Bennetts of Ross 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

4% on cost

Plant and machinery

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

Cost

At 1 December 2024

217,513

752,209

969,722

Additions

-

8,194

8,194

At 30 November 2025

217,513

760,403

977,916

Depreciation

At 1 December 2024

217,513

636,186

853,699

Charge for year

-

39,795

39,795

At 30 November 2025

217,513

675,981

893,494

Net book value

At 30 November 2025

-

84,422

84,422

At 30 November 2024

-

116,023

116,023

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 December 2024

625,000

Revaluations

35,000

At 30 November 2025

660,000

Net book value

At 30 November 2025

660,000

At 30 November 2024

625,000

If the investment properties had not been revalued, they would have been included at their historic cost of £174,203 (2024 - £174,203).

The directors have appointed local property agents to value the investment properties in November 2025, with the revaluations reflected in the fair values shown above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

19,880

35,504

Other debtors

1,450,316

1,246,410

1,470,196

1,281,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade creditors

312,877

234,438

Taxation and social security

82,996

156,182

Other creditors

81,525

13,039

477,398

403,659

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/11/25

30/11/24

£

£

Within one year

156,924

188,269

Between one and five years

3,312

129,377

160,236

317,646

9.	SECURED DEBTS

The bank has fixed and floating charges in place against company investment property in respect of the company overdraft and credit card facilities.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30/11/25

30/11/24

£

£

J W Bennett and Mrs L Bennett

Balance outstanding at start of year

605,568

617,147

Amounts advanced

489,431

145,480

Amounts repaid

(285,250

)

(157,059

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

809,749

605,568

C F Bennett

Balance outstanding at start of year

14,515

-

Amounts advanced

12,000

23,690

Amounts repaid

(17,500

)

(9,175

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,015

14,515

Interest totalling £22,509 (2024 - £13,643) has been charged on the above loans to the directors calculated at the HM Revenue and Customs official rate of interest. The loans have no fixed repayment terms.

11.	RELATED PARTY DISCLOSURES

Bennetts of Ross Development Company Limited

A company controlled by the directors J W Bennett and Mrs L M Bennett

The company has loaned funds to Bennetts of Ross Development Company Limited. The balance owed at 30 November 2025 was £404,197 (2024 - £402,827). The loan, included within other debtors, is interest free and has no fixed repayment terms.

R G Bennett

Brother of the director J W Bennett

The business premises are jointly owned by the director J W Bennett and his brother R G Bennett. During the year, R G Bennett charged the company a market rate rent of £74,135 (2024 - £65,787).

J W Bennett

Director

J W Bennett waived his right to receive his share of rental income in respect of the business premises. The waived rent in the year totalled £115,955 (2024 - rent waived £102,897).