Company Registration No. 10804347 (England and Wales)
Bennett & Game Holdings Limited
Unaudited financial statements
for the year ended 31 January 2022
Pages for filing with the Registrar
Bennett & Game Holdings Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Bennett & Game Holdings Limited
Balance sheet
As at 31 January 2022
Page 1
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
3
267
267
Current assets
Debtors
5
100,411
18,750
Cash at bank and in hand
1,235,671
869,810
1,336,082
888,560
Creditors: amounts falling due within one year
6
(314,181)
(542,709)
Net current assets
1,021,901
345,851
Net assets
1,022,168
346,118
Capital and reserves
Called up share capital
7
410
400
Share premium account
8
23,740
Profit and loss reserves
998,018
345,718
Total equity
1,022,168
346,118
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Bennett & Game Holdings Limited
Balance sheet (continued)
As at 31 January 2022
Page 2
The financial statements were approved by the board of directors and authorised for issue on 23 September 2022 and are signed on its behalf by:
Ryan Bennett
Graham Game
Director
Director
Company Registration No. 10804347
Bennett & Game Holdings Limited
Notes to the financial statements
For the year ended 31 January 2022
Page 3
1
Accounting policies
Company information
Bennett & Game Holdings Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Midland House, 2 Poole Road, Bournemouth, Dorset, BH2 5QY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The
financial statements
present information about the company as an individual entity and not about its group
.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.3
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Bennett & Game Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 January 2022
1
Accounting policies (continued)
Page 4
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Bennett & Game Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 January 2022
1
Accounting policies (continued)
Page 5
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
2
2
3
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
267
267
Fixed asset investments not carried at market value
The investment in the subsidiaries is valued at cost.
4
Subsidiaries
Details of the company's subsidiaries at 31 January 2022 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Bennett & Game Recruitment Limited
England and Wales
Employment agency
Ordinary
100.00
0
BGW Property Development Limited
England and Wales
Dormant
Ordinary
67.00
0
Bennett & Game Recruitment (Building Services) Limited
England and Wales
Employment agency
Ordinary
0
90.00
Bennett & Game Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 January 2022
Page 6
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
100,411
18,750
6
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
312,963
473,836
Other creditors
1,218
68,873
314,181
542,709
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
204
204
204
204
Ordinary B shares of £1 each
196
196
196
196
Ordinary C shares of £1 each
10
-
10
-
410
400
410
400
All classes of share rank pari passu with the exception of dividend rights whereby the company can pay dividends on one class of share to the exclusion of the other classes.
During the year the company issued 10 Ordinary C shares of £1 each at a premium of £2,374 per share.
8
Share premium account
The share premium reserve contains the premium arising from the issue of equity shares net of issue costs.
9
Related party transactions
The company has taken advantage of the exemptions available and is not disclosing transactions with wholly owned subsidiaries.
Bennett & Game Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 January 2022
Page 7
10
Directors' transactions
Interest free loans have been granted
between
the company
and
its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan from company
-
2,838
(211,737)
163,250
(45,649)
Loan from company
-
64,817
(282,829)
163,250
(54,762)
67,655
(494,566)
326,500
(100,411)