Company Registration No. 08149281 (England and Wales)
Bedmond Developments (UK) Limited
Unaudited accounts
for the year ended 29 July 2023
Bedmond Developments (UK) Limited
Unaudited accounts
Contents
Bedmond Developments (UK) Limited
Company Information
for the year ended 29 July 2023
Company Number
08149281 (England and Wales)
Registered Office
177 MIDDLEBRIDGE STREET
ROMSEY
SO51 8HH
ENGLAND
Accountants
Square Accounts Limited
5 Albert Road
Southsea
Hampshire
PO5 2SE
Bedmond Developments (UK) Limited
Statement of financial position
as at 29 July 2023
Investment property
320,000
320,000
Cash at bank and in hand
99
966
Creditors: amounts falling due within one year
(65,313)
(67,236)
Net current liabilities
(65,214)
(66,270)
Total assets less current liabilities
254,786
253,730
Creditors: amounts falling due after more than one year
(191,143)
(191,293)
Provisions for liabilities
Deferred tax
(10,729)
(10,729)
Called up share capital
200
200
Revaluation reserve
45,741
45,741
Profit and loss account
6,973
5,767
Shareholders' funds
52,914
51,708
For the year ending 29 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Mrs Fiona Light
Director
Company Registration No. 08149281
Bedmond Developments (UK) Limited
Notes to the Accounts
for the year ended 29 July 2023
Bedmond Developments (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08149281. The registered office is 177 MIDDLEBRIDGE STREET, ROMSEY, SO51 8HH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Judgements and key estimates
In the application of the company’s accounting policies, the directors are required to make judgment, estimates and assumptions about the carrying amount of assets and liabilities that are readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Bedmond Developments (UK) Limited
Notes to the Accounts
for the year ended 29 July 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 30 July 2022
320,000
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
336
1,283
Other creditors
1,154
1,154
Loans from directors
63,240
64,248
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
191,143
191,293
Aggregate of amounts that fall due for payment after five years
-
191,293
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
The director maintains a loan with the company, the balance outstanding to the director was £63,240 for the period ended 31 July 2023 (2022 £64,248).
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).