Benprop Oldestrete Limited Filleted accounts for Companies House (small and micro)

BENPROP OLDESTRETE LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-04-01 Sage Accounts Production Advanced 2018 - FRS xbrli:pure xbrli:shares iso4217:GBP 09517781 2017-04-01 2018-03-31 09517781 2018-03-31 09517781 2017-03-31 09517781 bus:Director1 2017-04-01 2018-03-31 09517781 bus:Director2 2017-04-01 2018-03-31 09517781 core:WithinOneYear 2018-03-31 09517781 core:WithinOneYear 2017-03-31 09517781 core:ShareCapital 2018-03-31 09517781 core:ShareCapital 2017-03-31 09517781 core:RetainedEarningsAccumulatedLosses 2018-03-31 09517781 core:RetainedEarningsAccumulatedLosses 2017-03-31 09517781 bus:SmallEntities 2017-04-01 2018-03-31 09517781 bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 09517781 bus:FullAccounts 2017-04-01 2018-03-31 09517781 bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 09517781 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31

COMPANY REGISTRATION NUMBER: 09517781

Benprop Oldestrete Limited

Filleted Unaudited Financial Statements

31 March 2018

Benprop Oldestrete Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Current assets

Stocks		3,276,236	2,393,212
Debtors	4	18,697	5,373
Cash at bank and in hand		203,820	19,619
		------------	------------
		3,498,753	2,418,204

Creditors: amounts falling due within one year	5	3,526,599		2,437,209
		------------		------------
Net current liabilities			27,846	19,005
			--------	--------
Total assets less current liabilities			( 27,846)	( 19,005)
			--------	--------
Net liabilities			( 27,846)	( 19,005)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 27,847)	( 19,006)
	--------	--------
Shareholders deficit	( 27,846)	( 19,005)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 15 August 2018 , and are signed on behalf of the board by:

Y M Chan	C M Chan
Director	Director

Company registration number: 09517781

Benprop Oldestrete Limited

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts are prepared on a going concern basis as the shareholders of the company have expressed their willingness to continue to support the company in the foreseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2018	2017
	£	£
Other debtors	18,697	5,373
	--------	-------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	15,520	4,680
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,508,553	2,428,553
Other creditors	2,526	3,976
	------------	------------
	3,526,599	2,437,209
	------------	------------

6. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.

7. Controlling party

The company is a subsidiary of Benprop UK Limited , a company registered in England and Wales. The registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.