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REGISTERED NUMBER: 11443734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

BIDDESDEN LTD

BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 998 125
Investments 6 167,344 192,358
168,342 192,483

CURRENT ASSETS
Debtors 7 35,366 48,755
Cash at bank 15,708 102,492
51,074 151,247
CREDITORS
Amounts falling due within one year 8 54,946 45,892
NET CURRENT (LIABILITIES)/ASSETS (3,872 ) 105,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,470

297,838

PROVISIONS FOR LIABILITIES 9 404 -
NET ASSETS 164,066 297,838

CAPITAL AND RESERVES
Called up share capital 10 1 1
Non distributable reserve 11 4,401 (13,661 )
Retained earnings 159,664 311,498
SHAREHOLDERS' FUNDS 164,066 297,838

BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 25 July 2024 and were signed on its behalf by:




Dr S Aguilar Duran - Director



Mr J D Everett - Director


BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Biddesden Ltd 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: 11443734

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

All fixed assets are initially recorded at cost.

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.


BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

Provision is made for tax on gains and losses arising from investment assets that are measured at fair value. This is measured using the tax rates and allowances that are expected to apply to the sale of the asset.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Fixed asset investments
The fixed asset investments are revalued annually to their fair value. The movement in value is recognised in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 April 2023 807
Additions 1,330
Disposals (807 )
At 31 March 2024 1,330
DEPRECIATION
At 1 April 2023 682
Charge for year 332
Eliminated on disposal (682 )
At 31 March 2024 332
NET BOOK VALUE
At 31 March 2024 998
At 31 March 2023 125

6. FIXED ASSET INVESTMENTS
Listed
invest-
ments
£   
COST OR VALUATION
At 1 April 2023 192,358
Additions 15,024
Disposals (64,492 )
Revaluations 24,454
At 31 March 2024 167,344
NET BOOK VALUE
At 31 March 2024 167,344
At 31 March 2023 192,358

BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Listed
invest-
ments
£   
Valuation in 2020 (6,477 )
Valuation in 2021 13,749
Valuation in 2022 (16,129 )
Valuation in 2023 (9,729 )
Valuation in 2024 24,454
Cost 161,476
167,344

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,235 33,346
Other debtors 4,332 5,563
Directors' current account - 1,679
Deferred tax asset - 5,501
Prepayments and accrued income 2,799 2,666
35,366 48,755

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 44,191 44,261
Directors' current account 8,546 -
Accruals and deferred income 2,209 1,631
54,946 45,892

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 250
Tax losses carried forward (1,313 )
Investment revaluation gain/ (loss) 1,467
404

BIDDESDEN LTD (REGISTERED NUMBER: 11443734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 (5,501 )
Provided during year 5,905
Balance at 31 March 2024 404

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

11. RESERVES
Non
distributa
reserve
£   
At 1 April 2023 (13,661 )
Revaluation of investments 18,062

At 31 March 2024 4,401

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr S Aguilar Duran and Mr J D Everett
Balance outstanding at start of year 1,679 -
Amounts advanced - 1,679
Amounts repaid (1,679 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,679

Loans to the directors not exceeding £10,000 per director, are interest free and repayable on demand.