Benyon Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08002090 (England and Wales)

Financial Statements for the Year Ended 31 March 2022

for

BENYON PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E Benyon

Mrs J Benyon

SECRETARY:

Mr E Benyon

REGISTERED OFFICE:

61 Northchurch Road

London

N1 4EE

REGISTERED NUMBER:

08002090 (England and Wales)

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

FIXED ASSETS

Tangible assets

4

21,256

22,013

Investments

5

125,700

125,700

Investment property

6

2,280,000

2,280,000

2,426,956

2,427,713

CURRENT ASSETS

Stocks

179,215

178,024

Debtors

7

351,633

128,519

Cash at bank

565,045

1,024,516

1,095,893

1,331,059

CREDITORS

Amounts falling due within one year

8

250,453

348,123

NET CURRENT ASSETS

845,440

982,936

TOTAL ASSETS LESS CURRENT LIABILITIES

3,272,396

3,410,649

CREDITORS

Amounts falling due after more than one year

9

(2,038,775

)

(2,038,775

)

PROVISIONS FOR LIABILITIES

(100,307

)

(100,307

)

NET ASSETS

1,133,314

1,271,567

CAPITAL AND RESERVES

Called up share capital

10

5

5

Other reserves

11

587,233

587,233

Retained earnings

11

546,076

684,329

SHAREHOLDERS' FUNDS

1,133,314

1,271,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 28 December 2022 and were signed on its behalf by:

Mr E Benyon - Director

1.	STATUTORY INFORMATION

Benyon Properties 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.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

35,080

Additions

6,328

At 31 March 2022

41,408

DEPRECIATION

At 1 April 2021

11,233

Charge for year

8,919

At 31 March 2022

20,152

NET BOOK VALUE

At 31 March 2022

21,256

At 31 March 2021

23,847

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2021

and 31 March 2022

125,700

NET BOOK VALUE

At 31 March 2022

125,700

At 31 March 2021

125,700

6.	INVESTMENT PROPERTY

Appraisal of the investment properties has been made by the directors on an open market basis. In the opinion of the directors, the open market value as at 31st March 2022 is £2,280,000 (2021: 2,280,000). No depreciation is provided in respect of these properties.

On an historical cost basis these properties would have been included at an original cost of £1,588,196 (2021: £1,588,196).

Fair value at 31 March 2022 is represented by:

£

Valuation in 2020

2,280,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

351,633

128,519

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

1,848

132,753

Other creditors

248,605

215,370

250,453

348,123

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

2,038,775

2,038,775

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

2

Ordinary A

£1

2

2

3

Ordinary B

£1

3

3

5

5

11.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 April 2021

684,329

587,233

1,271,562

Deficit for the year

(121,253

)

(121,253

)

Dividends

(17,000

)

(17,000

)

At 31 March 2022

546,076

587,233

1,133,309

12.	RELATED PARTY DISCLOSURES

At the end of the year the director , Mr E Benyon owed an amount of £180,041 (2021 : £20,270) to the company.

As at the year end as amount of £112,126 (2021: £96,747) was owed from CV Investments Limited, an associated company in which Benyon Properties has a 90% shareholding and Edward Benyon is a director.

As at the year end as amount of £200,163 (2021: £200,305) was owed to Riverside Arches Limited, a company in which Edward Benyon is a director and shareholder. This loan is interest free and unsecured but repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr E Benyon , Mrs J Benyon the directors of the company.