ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Period ended 31 October

Unaudited
Year ended 31 December

Registered number: 10517417

BENFERRI DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

BENFERRI DEVELOPMENTS LIMITED

REGISTERED NUMBER: 10517417

BALANCE SHEET

AS AT 31 OCTOBER 2025

	Period ended 31 October	Unaudited Year ended 31 December
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		13,074		19,267
Current assets
Debtors: amounts falling due within one year	5	307,963		311,650
Cash at bank and in hand		448		240
		308,411		311,890
Creditors: amounts falling due within one year	6	(264,270)		(275,068)
Net current assets			44,141		36,822
Net assets			57,215		56,089

Capital and reserves
Called up share capital	1	1
Profit and loss account	57,214	56,088
	57,215	56,089

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2026.

H Carter

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

BENFERRI DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

1.	General information

Benferri Developments Limited ("the Company") is a private Company limited by shares, incorporated in England and Wales. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 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:

2.2

Extra accounting policy

During the period, the Company changed its financial reporting year end date from 31 December to 31 October to align with its ultimate parent undertaking’s financial reporting period following a group restructure. As a result, the current financial period covers 10 months. The comparative figures, which cover a 12 month period, are therefore not directly comparable.

2.3

Going concern

The director has considered the period ending 12 months from the approval of these financial statements. No material uncertainties that cast significant doubt about the ability of the Company to continue as a going concern have been identified by the director.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

BENFERRI DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, both on the reducing balance basis and the straight-line method based on the fixed assets clasification..

Depreciation is provided on the following bases:

				Plant and machinery	-	25%	Straight-line
				Motor vehicles	-	25%	Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 3

BENFERRI DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

Page 4

BENFERRI DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 January 2025	78,978	-	78,978
Additions	-	10,500	10,500
At 31 October 2025	78,978	10,500	89,478
Depreciation
At 1 January 2025	59,711	-	59,711
Charge for the period on owned assets	14,943	1,750	16,693
At 31 October 2025	74,654	1,750	76,404
Net book value
At 31 October 2025	4,324	8,750	13,074
At 31 December 2024	19,267	-	19,267

Debtors

					Period ended 31 October	Unaudited Year ended 31 December
					2025	2024
					£	£


Amounts owed by associated companies	227,957	295,592
Other debtors	20,470	2,968
Prepayments and accrued income	59,536	13,090
	307,963	311,650

Page 5

BENFERRI DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

Trade creditors	164,467	196,065
Corporation tax	7,442	5,002
Other taxation and social security	-	4,186
Other creditors	17,615	16,642
Accruals and deferred income	74,746	53,173
	264,270	275,068

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

8.	Related party transactions
	The Company is exempt from disclosing transactions with related parties under FRS 102 Section 1A, as these were conducted under normal commercial terms.

9.	Auditor's information

The auditor's report on the financial statements for the period ended 31 October 2025 was unqualified.

The audit report was signed on 9 September 2026 by Andrew Barnes (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

Page 6