Benhope Investments Ltd - Accounts to registrar (filleted) - small 18.2

Benhope Investments Ltd - Accounts to registrar (filleted) - small 18.2

BENHOPE INVESTMENTS LTD - Company Information

Print Friendly Version

IRIS Accounts Production v21.2.0.376 SC457421 Board of Directors Board of Directors 1.2.20 31.1.21 31.1.21 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4574212020-01-31SC4574212021-01-31SC4574212020-02-012021-01-31SC4574212019-01-31SC4574212019-02-012020-01-31SC4574212020-01-31SC457421ns16:Scotland2020-02-012021-01-31SC457421ns15:PoundSterling2020-02-012021-01-31SC457421ns11:Director12020-02-012021-01-31SC457421ns11:Director22020-02-012021-01-31SC457421ns11:PrivateLimitedCompanyLtd2020-02-012021-01-31SC457421ns11:SmallEntities2020-02-012021-01-31SC457421ns11:AuditExempt-NoAccountantsReport2020-02-012021-01-31SC457421ns11:SmallCompaniesRegimeForDirectorsReport2020-02-012021-01-31SC457421ns11:SmallCompaniesRegimeForAccounts2020-02-012021-01-31SC457421ns11:FullAccounts2020-02-012021-01-31SC457421ns6:CurrentFinancialInstruments2021-01-31SC457421ns6:CurrentFinancialInstruments2020-01-31SC457421ns6:Non-currentFinancialInstruments2021-01-31SC457421ns6:Non-currentFinancialInstruments2020-01-31SC457421ns6:ShareCapital2021-01-31SC457421ns6:ShareCapital2020-01-31SC457421ns6:SharePremium2021-01-31SC457421ns6:SharePremium2020-01-31SC457421ns6:RetainedEarningsAccumulatedLosses2021-01-31SC457421ns6:RetainedEarningsAccumulatedLosses2020-01-31SC457421ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-01-31SC457421ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-01-31SC457421ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-01-31SC457421ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-01-31SC457421ns6:Secured2021-01-31SC457421ns6:Secured2020-01-31
REGISTERED NUMBER: SC457421 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2021

for

Benhope Investments Ltd
Benhope Investments Ltd (Registered number: SC457421)






Contents of the Financial Statements
for the Year Ended 31 January 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


Benhope Investments Ltd (Registered number: SC457421)

Balance Sheet
31 January 2021

31.1.21 31.1.20
Notes £    £   
CURRENT ASSETS
Stocks 639,222 758,363
Debtors 4 2,775 16,284
Cash at bank 588,889 464,559
1,230,886 1,239,206
CREDITORS
Amounts falling due within one year 5 (574,982 ) (640,588 )
NET CURRENT ASSETS 655,904 598,618
TOTAL ASSETS LESS CURRENT
LIABILITIES
655,904
598,618

CREDITORS
Amounts falling due after more than one year 6 (46,667 ) -
NET ASSETS 609,237 598,618

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 180,780 180,780
Retained earnings 428,257 417,638
609,237 598,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 notes form part of these financial statements

Page 1 continued...
Benhope Investments Ltd (Registered number: SC457421)

Balance Sheet - continued
31 January 2021


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 22 October 2021 and were signed on its behalf by:




Mr P Findlay - Director



Mr G H Abrams - Director


The notes form part of these financial statements

Page 2
Benhope Investments Ltd (Registered number: SC457421)

Notes to the Financial Statements
for the Year Ended 31 January 2021

1. STATUTORY INFORMATION

Benhope Investments Ltd is a private company , limited by shares, domiciled in Scotland, registration number SC457421. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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.

Turnover
Turnover represents net invoiced sales of goods and services in respect of property letting and development, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Page 3 continued...
Benhope Investments Ltd (Registered number: SC457421)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2021

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Other debtors 2,775 16,284

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Bank loans and overdrafts 3,333 -
Trade creditors - 1
Amounts owed to related parties 380,000 380,000
Taxation and social security 2,491 45,038
Other creditors 189,158 215,549
574,982 640,588

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.21 31.1.20
£    £   
Bank loans 46,667 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 6,667 -

Page 4 continued...
Benhope Investments Ltd (Registered number: SC457421)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2021

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.21 31.1.20
£    £   
Bank loans 50,000 -

8. RELATED PARTY DISCLOSURES

At the year end 31 January 2021, Benhope Investments Ltd owed Peaston & Co Limited £190,000 (2020 : £190,000), and Eglinton Asset Management £190,000 (2020 : £190,000).

Page 5