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REGISTERED NUMBER: 03238934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

T W Betts Services Limited

T W Betts Services Limited (Registered number: 03238934)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


T W Betts Services Limited (Registered number: 03238934)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,860 -
Investment property 5 1,750,000 1,750,000
1,784,860 1,750,000

CURRENT ASSETS
Debtors 6 25,169 47,851
Cash at bank 103,392 122,749
128,561 170,600
CREDITORS
Amounts falling due within one year 7 51,140 63,387
NET CURRENT ASSETS 77,421 107,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,862,281

1,857,213

PROVISIONS FOR LIABILITIES 203,832 203,832
NET ASSETS 1,658,449 1,653,381

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 967,197 967,197
Retained earnings 691,152 686,084
SHAREHOLDERS' FUNDS 1,658,449 1,653,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T W Betts Services Limited (Registered number: 03238934)

Balance Sheet - continued
31st August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:





Mrs A M Barber - Director


T W Betts Services Limited (Registered number: 03238934)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

T W Betts Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03238934

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total rent and insurance receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

T W Betts Services Limited (Registered number: 03238934)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 40,927
At 31st August 2023 40,927
DEPRECIATION
Charge for year 6,067
At 31st August 2023 6,067
NET BOOK VALUE
At 31st August 2023 34,860

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022
and 31st August 2023 1,750,000
NET BOOK VALUE
At 31st August 2023 1,750,000
At 31st August 2022 1,750,000

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2015 621,029
Valuation in 2017 300,000
Valuation in 2021 250,000
Cost 578,971
1,750,000

The investment properties were valued on a fair value basis on 31st August 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,000 42,381
Other debtors 3,169 5,470
25,169 47,851

T W Betts Services Limited (Registered number: 03238934)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 265 -
Taxation and social security 476 11,762
Other creditors 50,399 51,625
51,140 63,387

8. RESERVES
Fair
value
reserve
£   
At 1st September 2022
and 31st August 2023 967,197