ACCOUNTS - Final Accounts

BENBOW GROUP HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312true2021-01-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activitytrue 11626199 2021-01-01 2021-12-31 11626199 2020-01-01 2020-12-31 11626199 2021-12-31 11626199 2020-12-31 11626199 c:Director1 2021-01-01 2021-12-31 11626199 d:CurrentFinancialInstruments 2021-12-31 11626199 d:CurrentFinancialInstruments 2020-12-31 11626199 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11626199 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11626199 d:ShareCapital 2021-12-31 11626199 d:ShareCapital 2020-12-31 11626199 d:RetainedEarningsAccumulatedLosses 2021-12-31 11626199 d:RetainedEarningsAccumulatedLosses 2020-12-31 11626199 c:OrdinaryShareClass1 2021-01-01 2021-12-31 11626199 c:OrdinaryShareClass1 2021-12-31 11626199 c:OrdinaryShareClass1 2020-12-31 11626199 c:FRS102 2021-01-01 2021-12-31 11626199 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11626199 c:FullAccounts 2021-01-01 2021-12-31 11626199 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11626199 2 2021-01-01 2021-12-31 11626199 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11626199

BENBOW GROUP HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

BENBOW GROUP HOLDINGS LIMITED

REGISTERED NUMBER:11626199

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

FIXED ASSETS
Investments	4		20,000		20,000
			20,000		20,000
CURRENT ASSETS
Debtors: amounts falling due within one year	5	373		-
Cash at bank and in hand		1,929,543		1,429,395
		1,929,916		1,429,395
Creditors: amounts falling due within one year	6	(841,485)		(569,372)

NET ASSETS			1,108,431		880,023

CAPITAL AND RESERVES
Called up share capital	7	20,000	20,000
Profit and loss account		1,088,431	860,023
		1,108,431	880,023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by:

Nigel Roberts

Director

Date: 7 June 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

BENBOW GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	GENERAL INFORMATION

Benbow Group Holdings Limited is private company limited by shares and incorporated in England (company number: 11626199). Its registered office is 1 Minerva Way, Brunel Industrial Estate, Newton Abbot, Devon, TQ12 4PJ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.3

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 reporting date in the countries where the Company operates and generates income.

2.4

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2020: 2).

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BENBOW GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	COST
	At 1 January 2021	20,000
	At 31 December 2021	20,000

DEBTORS

					2021	2020
					£	£


Corporation tax	373	-
	373	-

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		£	£

Amounts owed to group undertakings	820,436	552,047
Other creditors	19,049	15,325
Accruals and deferred income	2,000	2,000
	841,485	569,372

7.	SHARE CAPITAL
		2021	2020
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

20,000 (2020: 20,000) Class A shares of £1.00 each	20,000	20,000

Page 3

BENBOW GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

RELATED PARTY TRANSACTIONS

At the year end the directors were owed £19,049 (2020: £15,325) by the company. This balance is included within other creditors. No interest is charged on the loan and there are no set repayment terms. During the year dividends totalling £270,000 (2020: £260,000) were issued to the directors.
The company has taken advantage of the exemption available in section 33.1A of FRS102 not to disclose transactions with members of a 100% group.

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