Bevvywell Limited 01249780 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is in the year under review was that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 01249780 2023-07-01 2024-06-30 01249780 2024-06-30 01249780 bus:OrdinaryShareClass1 2024-06-30 01249780 core:CurrentFinancialInstruments 2024-06-30 01249780 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01249780 core:OfficeEquipment 2024-06-30 01249780 bus:SmallEntities 2023-07-01 2024-06-30 01249780 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01249780 bus:FilletedAccounts 2023-07-01 2024-06-30 01249780 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01249780 bus:RegisteredOffice 2023-07-01 2024-06-30 01249780 bus:Director1 2023-07-01 2024-06-30 01249780 bus:Director2 2023-07-01 2024-06-30 01249780 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01249780 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01249780 core:ComputerEquipment 2023-07-01 2024-06-30 01249780 core:OfficeEquipment 2023-07-01 2024-06-30 01249780 countries:EnglandWales 2023-07-01 2024-06-30 01249780 2023-06-30 01249780 core:OfficeEquipment 2023-06-30 01249780 2022-07-01 2023-06-30 01249780 2023-06-30 01249780 bus:OrdinaryShareClass1 2023-06-30 01249780 core:CurrentFinancialInstruments 2023-06-30 01249780 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01249780 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01249780

Bevvywell Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Bevvywell Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Bevvywell Limited

Company Information

Directors

J E Landau

S D Landau

Registered office

2 West Lawn
Broadfield Way
Aldenham
Hertfordshire
WD25 8DF

Accountants

Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

 

Bevvywell Limited

(Registration number: 01249780)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

616

822

Investment property

5

850,000

850,000

 

850,616

850,822

Current assets

 

Debtors

6

4,890

3,978

Cash at bank and in hand

 

76,765

66,224

 

81,655

70,202

Creditors: Amounts falling due within one year

7

(32,049)

(30,932)

Net current assets

 

49,606

39,270

Total assets less current liabilities

 

900,222

890,092

Provisions for liabilities

(139,968)

(139,968)

Net assets

 

760,254

750,124

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

760,154

750,024

Shareholders' funds

 

760,254

750,124

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Bevvywell Limited

(Registration number: 01249780)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2024 and signed on its behalf by:
 

.........................................
J E Landau
Director

 

Bevvywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 West Lawn
Broadfield Way
Aldenham
Hertfordshire
WD25 8DF

These financial statements were authorised for issue by the Board on 12 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

 

Bevvywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

Investment properties

Investment properties are properties held to earn rental and/or capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bevvywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Bevvywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 July 2023

1,607

1,607

At 30 June 2024

1,607

1,607

Depreciation

At 1 July 2023

785

785

Charge for the year

206

206

At 30 June 2024

991

991

Carrying amount

At 30 June 2024

616

616

At 30 June 2023

822

822

5

Investment property

2024
£

At 1 July 2023

850,000

At 30 June 2024

850,000

The directors consider that the valuation of the company's investment property, as at the balance sheet date, was not materially different to the above.

If the investment property had not been revalued, it would have been included at historical cost of £91,264 (2023 - £91,264).

6

Debtors

Current

2024
£

2023
£

Prepayments and accrued income

4,277

3,350

Other debtors

613

628

 

4,890

3,978

 

Bevvywell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

13,033

11,982

Accruals and deferred income

19,016

18,950

32,049

30,932

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Reserves

The amount of Retained Earnings not being distributable, at the balance sheet date, was £618,768 (2023 - £618,768).