BESPOKE SUPPORTIVE TENANCIES LTD

Company limited by guarantee

Company Registration Number:
07375502 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

BESPOKE SUPPORTIVE TENANCIES LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Additional notes
Balance sheet notes

BESPOKE SUPPORTIVE TENANCIES LTD

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 63,845,609 66,245,280
Investments:   0 0
Total fixed assets: 63,845,609 66,245,280
Current assets
Stocks:   0 0
Debtors: 4 1,781,029 1,953,312
Cash at bank and in hand: 2,672,067 3,311,218
Investments:   0 0
Total current assets: 4,453,096 5,264,530
Creditors: amounts falling due within one year: 5 ( 5,984,675 ) ( 5,295,436 )
Net current assets (liabilities): (1,531,579) (30,906)
Total assets less current liabilities: 62,314,030 66,214,374
Creditors: amounts falling due after more than one year: 6 ( 69,492,307 ) ( 71,445,003 )
Total net assets (liabilities): (7,178,277) (5,230,629)
Members' funds
Profit and loss account: (7,178,277) ( 5,230,629)
Total members' funds: ( 7,178,277) (5,230,629)

The notes form part of these financial statements

BESPOKE SUPPORTIVE TENANCIES LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 February 2024
and signed on behalf of the board by:

Name: Philip Elvy & Thomas Miskell
Status: Director

The notes form part of these financial statements

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:Plant and machineryStraight-line basis over 5 yearsComputersStraight-line basis over 3 yearsThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income / (expenditure) for the year.

    Other accounting policies

    Reserves policyThe Board approved a change to the Charity’s Reserves Policy in 2020 to more accurately reflect the fact that the lease-based model negates using a purely asset-focused approach to setting reserves targets. The policy acknowledged that an asset-based approach was not suitable due to the significant finance lease liabilities held on the balance sheet, whilst the accounting treatment of finance leases, with higher interest charges in the early years of the lease, impacted upon BeST’s ability to generate a reasonable level of profit and loss reserves.

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 44 41

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 76,984,417 17,050 1,749,975 124,089 78,875,531
Additions 7,422 686,241 39,642 733,305
Disposals ( 761,620 ) ( 17,785 ) ( 16,997 ) ( 796,402 )
Revaluations
Transfers
At 30 September 2023 76,222,797 24,472 2,418,431 146,734 78,812,434
Depreciation
At 1 October 2022 12,207,800 9,620 335,494 77,337 12,630,251
Charge for year 2,292,917 4,646 191,596 34,057 2,523,216
On disposals ( 157,782 ) ( 11,864 ) ( 16,996 ) ( 186,642 )
Other adjustments
At 30 September 2023 14,342,935 14,266 515,226 94,398 14,966,825
Net book value
At 30 September 2023 61,879,862 10,206 1,903,205 52,336 63,845,609
At 30 September 2022 64,776,617 7,430 1,414,481 46,752 66,245,280

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,519,306 1,588,885
Prepayments and accrued income 256,782 362,518
Other debtors 4,941 1,909
Total 1,781,029 1,953,312

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 1,266,008 1,219,717
Trade creditors 2,113,124 1,497,031
Taxation and social security 49,535 45,334
Accruals and deferred income 2,411,900 2,182,310
Other creditors 144,108 351,044
Total 5,984,675 5,295,436

BESPOKE SUPPORTIVE TENANCIES LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 68,431,287 70,376,301
Other creditors 1,061,020 1,068,702
Total 69,492,307 71,445,003