REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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BENTLEY HOUSE LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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FOR |
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BENTLEY HOUSE LIMITED |
BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BENTLEY HOUSE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Black Country House |
Rounds Green Road |
Oldbury |
West Midlands |
B69 2DG |
BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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BALANCE SHEET |
30 SEPTEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
7 |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Bentley House Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The trading address is Twenty One Oaks, Bentley, Atherstone, CV9 2HQ. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The company depends on existing facilities to meet its day to day working capital |
requirements. Current forecasts indicate that the company expects to be able to operate |
within these facilities for the foreseeable future. These facilities are renewed annually and |
are not guaranteed for the period covered by the going concern review. The director is |
however not aware, of any circumstances that may adversely affect the renewal of these |
facilities. Accordingly, the director believes the going concern basis appropriate to prepare |
these financial statements. |
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As a result of the spread of COVID-19 coronavirus, economic and health related |
uncertainties have arisen which may negatively affect the financial position, results of |
operations and cash flows of the Company. The duration of these uncertainties and the |
ultimate financial effects cannot be reasonably estimated at this time. The business has |
taken adequate provisions to control the impact of the pandemic on the trade of the |
business. |
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Turnover |
Turnover comprises revenue recognised by the company in respect of accommodation and |
services supplied during the year, exclusive of Value Added Tax. Turnover is recognised |
upon supply of the care provided. |
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Tangible fixed assets |
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Freehold buildings | - |
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Furniture and fittings | - |
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Motor vehicles | - |
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The company assesses the market value of freehold property held at each balance sheet |
date. The fair value gain or loss on the market value amount, is realised in other |
comprehensive income in the year to which it relates. |
BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The Company enters into basic financial instruments transactions that result in the |
recognition of financial assets and liabilities like trade and other debtors and creditors, loans |
from banks and other third parties, loans to related parties and investments in non-puttable |
ordinary shares. |
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Derivatives, including interest rate swaps, are not basic financial instruments. Derivatives |
are initially recognised at fair value on the date a derivative contract is entered into and are |
subsequently re-measured at their fair value. Changes in the fair value of derivatives are |
recognised in profit or loss in finance costs or income as appropriate. The company does |
not currently apply hedge accounting for interest rate derivatives. |
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Government grants |
Government grants relating to tangible fixed assets are treated as deferred income and |
released to the income statement over the expected useful lives of the assets concerned. |
Other grants are credited to the income statement as the related expenditure is incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Furniture |
Freehold | and | Motor |
buildings | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 October 2018 |
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Additions |
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Disposals |
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At 30 September 2019 |
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DEPRECIATION |
At 1 October 2018 |
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Charge for year |
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Eliminated on disposal |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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Included in cost or valuation of land and buildings is freehold land of £ 200,000 (2018 - £ |
200,000 ) which is not depreciated. |
BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 30 September 2019 is represented by: |
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Furniture |
Freehold | and | Motor |
buildings | fittings | vehicles | Totals |
£ | £ | £ | £ |
Valuation in 2018 | 739,282 | - | - | 739,282 |
Cost | 1,264,798 | 345,293 | 69,172 | 1,679,263 |
2,004,080 | 345,293 | 69,172 | 2,418,545 |
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If freehold land and buildings had not been revalued they would have been included at the |
following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 1,260,718 | 1,260,718 |
Aggregate depreciation | 391,191 | 368,895 |
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Value of land in freehold land and buildings | 200,000 | 200,000 |
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Freehold land and buildings were valued on an open market basis on 30 September 2019 by |
the director of the company . |
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The net book value of assets held under finance leases or hire purchase contracts, included |
above, are as follows: |
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2019 | 2018 |
£ | £ |
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Motor vehicles | 19,556 | 28,243 |
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5. | DEBTORS |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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5. | DEBTORS - continued |
2019 | 2018 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to associated companies |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank overdrafts |
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Bank loans |
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Hire purchase contracts | 11,700 | 19,501 |
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BENTLEY HOUSE LIMITED (REGISTERED NUMBER: 02585997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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9. | PROVISIONS FOR LIABILITIES |
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2019 | 2018 |
£ | £ |
Deferred tax | 23,196 | 23,196 |
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10. | PENSION COMMITMENTS |
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The company operates a defined contributions pension scheme. The assets of the scheme |
are held separately from those of the company in an independently administered fund. Total |
amounts owed relating to pension commitments at the balance sheet date were £11,815 |
(2018: £3,151). |
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11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 |
September 2019 and 30 September 2018: |
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2019 | 2018 |
Dr E P Bellamy | £ | £ |
Balance outstanding at start of year | 236,990 | 248,232 |
Amounts advanced | 179,618 | 155,286 |
Amounts repaid | (150,000 | ) | (166,528 | ) |
Balance outstanding at end of year | 266,608 | 236,990 |
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The details of the directors' loan account included in debtors is shown above. There is no |
interest charged or conditions in place regarding the overdrawn directors' loan account. |
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12. | POST BALANCE SHEET EVENTS |
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As a result of the spread of COVID-19 coronavirus, economic and health related |
uncertainties have arisen which may negatively affect the financial position, results of |
operations and cash flows of the Company. The duration of these uncertainties and the |
ultimate financial effects cannot be reasonably estimated at this time. The business has |
taken adequate provisions to control the impact of the pandemic on the trade of the |
business. |
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After the balance sheet date, dividends of £90,000 (2018: £75,000) have been declared to |
the immediate parent undertaking. |
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13. | ULTIMATE CONTROLLING PARTY |
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The company is owned by Bentley House (Atherstone) Limited. |
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The company is controlled by Dr E P Bellamy. |