Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity0falsetrue 13664782 2022-11-01 2023-10-31 13664782 2021-10-06 2022-10-31 13664782 2023-10-31 13664782 2022-10-31 13664782 c:Director2 2022-11-01 2023-10-31 13664782 d:FreeholdInvestmentProperty 2022-11-01 2023-10-31 13664782 d:FreeholdInvestmentProperty 2023-10-31 13664782 d:FreeholdInvestmentProperty 2022-10-31 13664782 d:CurrentFinancialInstruments 2023-10-31 13664782 d:CurrentFinancialInstruments 2022-10-31 13664782 d:Non-currentFinancialInstruments 2023-10-31 13664782 d:Non-currentFinancialInstruments 2022-10-31 13664782 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13664782 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13664782 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 13664782 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 13664782 d:ShareCapital 2023-10-31 13664782 d:ShareCapital 2022-10-31 13664782 d:RetainedEarningsAccumulatedLosses 2023-10-31 13664782 d:RetainedEarningsAccumulatedLosses 2022-10-31 13664782 c:OrdinaryShareClass1 2022-11-01 2023-10-31 13664782 c:OrdinaryShareClass1 2023-10-31 13664782 c:OrdinaryShareClass1 2022-10-31 13664782 c:FRS102 2022-11-01 2023-10-31 13664782 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13664782 c:FullAccounts 2022-11-01 2023-10-31 13664782 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13664782 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13664782














BEDA HORTON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED  31 OCTOBER 2023

 
BEDA HORTON LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
BEDA HORTON LIMITED
REGISTERED NUMBER:13664782

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
-
726,095

Current assets
  

Work in progress
  
9,235,770
-

Debtors: amounts falling due within one year
 6 
7,686
3,046

Cash at bank and in hand
  
156
47,406

  
9,243,612
50,452

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,896,438)
(342,401)

Net current assets/(liabilities)
  
 
 
5,347,174
 
 
(291,949)

Total assets less current liabilities
  
5,347,174
434,146

Creditors: amounts falling due after more than one year
 8 
(5,362,500)
(436,620)

  

Net liabilities
  
(15,326)
(2,474)


Capital and reserves
  

Called up share capital 
 9 
40
40

Profit and loss account
  
(15,366)
(2,514)

  
(15,326)
(2,474)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Page 1

 
BEDA HORTON LIMITED
REGISTERED NUMBER:13664782
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




K Singh
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BEDA HORTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Beda Horton Limited is a private company, limited by shares, registered in England and Wales. Its registered office and trading address is Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW.
The principal activities of the Company are property investment and development for sale.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director is satisfied that projected rental income will be sufficient to meet ongoing running costs and loan interest commitments for at least twelve months from the date of her approval of the financial statements. Based on the above the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Turnover

Turnover comprises rent receivable, exclusive of Value Added Tax. Rent is recognised on a straight-line basis over the rental agreement.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 
Page 3

 
BEDA HORTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.7
Taxation (continued)

b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Investment property

Investment property is carried at fair value determined annually, by external valuers and/or the director, and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Work in progress

Work in progress represents development property valued at the lower of cost and net realisable value. Cost for this purpose comprises the original purchase of land and buildings and development expenditure.
In considering the net realisable value of land and properties, it is assumed that developments will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of  financial assets and liabilities like trade and other debtors and creditors, and loans from banks and related parties.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).

Page 4

 
BEDA HORTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Investment property


Freehold investment property

£





At 1 November 2022
726,095


Disposals
(726,095)



At 31 October 2023
-








5.


Stocks

2023
2022
£
£

Development property
9,235,770
-



6.


Debtors

2023
2022
£
£


Other debtors
40
40

Prepayments and accrued income
7,646
3,006

7,686
3,046



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
40,360
-

Taxation and social security
5,244
3,312

Other creditors
3,785,556
306,800

Accruals and deferred income
65,278
32,289

3,896,438
342,401


Page 5

 
BEDA HORTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
5,362,500
436,620


The bank loan, which is repayable after five years, is secured by first legal charges on the development  property and assets of the Company.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



40 (2022 - 40) Ordinary shares of £1 each
40
40


 
Page 6