Bedford Estates Ltd. 06927499 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 06927499 2022-04-01 2023-03-31 06927499 2023-03-31 06927499 core:CurrentFinancialInstruments 2023-03-31 06927499 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06927499 core:Non-currentFinancialInstruments 2023-03-31 06927499 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06927499 core:FurnitureFittings 2023-03-31 06927499 bus:SmallEntities 2022-04-01 2023-03-31 06927499 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06927499 bus:FullAccounts 2022-04-01 2023-03-31 06927499 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06927499 bus:RegisteredOffice 2022-04-01 2023-03-31 06927499 bus:CompanySecretary1 2022-04-01 2023-03-31 06927499 bus:Director1 2022-04-01 2023-03-31 06927499 bus:Director2 2022-04-01 2023-03-31 06927499 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06927499 core:FurnitureFittings 2022-04-01 2023-03-31 06927499 countries:EnglandWales 2022-04-01 2023-03-31 06927499 2022-03-31 06927499 core:FurnitureFittings 2022-03-31 06927499 2021-04-01 2022-03-31 06927499 2022-03-31 06927499 core:CurrentFinancialInstruments 2022-03-31 06927499 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06927499 core:Non-currentFinancialInstruments 2022-03-31 06927499 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 06927499 core:FurnitureFittings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 06927499

Bedford Estates Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Bedford Estates Ltd.

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bedford Estates Ltd.

Company Information

Directors

M Godfrey

K S Godfrey

Company secretary

J Godfrey

Registered office

International House
109- 111 Fulham Palace Road
London
England
W6 8JA

 

Bedford Estates Ltd.

(Registration number: 06927499)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

96

3,663

Current assets

 

Debtors

5

136,371

151,182

Cash at bank and in hand

 

2,722

11,748

 

139,093

162,930

Creditors: Amounts falling due within one year

6

(11,270)

(21,599)

Net current assets

 

127,823

141,331

Total assets less current liabilities

 

127,919

144,994

Creditors: Amounts falling due after more than one year

6

(36,052)

(41,406)

Net assets

 

91,867

103,588

Capital and reserves

 

Called up share capital

40,000

40,000

Retained earnings

51,867

63,588

Shareholders' funds

 

91,867

103,588

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 11 November 2023 and signed on its behalf by:
 

M Godfrey
Director

   
     
 

Bedford Estates Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
International House
109- 111 Fulham Palace Road
London
England
W6 8JA

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest pound

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bedford Estates Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

20% reducing balance of which £24,804 is being depreciated over 7 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Bedford Estates Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Bedford Estates Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

25,966

25,966

At 31 March 2023

25,966

25,966

Depreciation

At 1 April 2022

22,303

22,303

Charge for the year

3,567

3,567

At 31 March 2023

25,870

25,870

Carrying amount

At 31 March 2023

96

96

At 31 March 2022

3,663

3,663

5

Debtors

Current

2023
£

2022
£

Trade debtors

126,325

141,136

Other debtors

10,046

10,046

 

136,371

151,182

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

6,491

6,491

Trade creditors

 

4,203

14,556

Accruals and deferred income

 

576

552

 

11,270

21,599

 

Bedford Estates Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

36,052

41,406

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

36,052

41,406

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,491

6,491