Registered number
07854052
Bedford Riverside Regeneration Limited
Filleted Accounts
31 December 2023
Bedford Riverside Regeneration Limited
Registered number: 07854052
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 162,881 588,891
Cash at bank and in hand 8,044 3,178
170,925 592,069
Creditors: amounts falling due within one year 4 (170,547) (591,549)
Net current assets 378 520
Net assets 378 520
Capital and reserves
Called up share capital 200 200
Profit and loss account 178 320
Shareholders' funds 378 520
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C A McQueston
Director
Approved by the board on 12 August 2024
Bedford Riverside Regeneration Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue recognition - Construction contracts
All activities related to construction contracts are accounted for using the percentage of completion method. Under this method, the revenue recognised equals the latest estimate of the total selling price of the contract multiplied by the actual completion rate determined by reference to the physical state of progress of the works. The latest estimate of the total selling price takes account of claims that have been accepted by the client or are highly probable.

In the early stages of a long-term construction contract it is not possible to reasonably measure the outcome of the performance obligations under the contract. In such circumstances, where the Company expects to recover the costs incurred in satisfying the performance obligations, revenue is only recognised to the extent of the costs incurred.

If it is regarded as probable that a contract will generate a loss on completion, a provision for the losses to completion is recognised as a current provision in the balance sheet. The loss is provided for in full as soon as it is can be reliably measured, irrespective of the completion rate.

Revenue
Revenue comprises amounts due under contract and valuation statements on the construction and development projects issued during the period stated net of VAT.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors - 330,359
Other debtors 162,881 258,532
162,881 588,891
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 193,387
Taxation and social security costs - 24,399
Other creditors 170,547 373,763
170,547 591,549
5 Related party transactions
BY Development Ltd
The Company is 25% owned by BY Development Ltd. At the year end the Company had lent BY Development Ltd £46,250 (2022: £65,000). The loan is interest free with no fixed repayment terms. The loan was cleared post year end. During the year the Company paid fees to BY Developments Ltd of £18,750.
Coplan Estates Ltd
Shareholders owning 75% of the Company also collectively own 100% of Coplan Estates Limited. At the year the Company had lent Coplan Estates Limited £111,901 (2022: £194,424). The loan is interest free with no fixed repayment terms. The loan was cleared post year end. During the year the Company paid fees to Coplan Estates Ltd of £56,250.
6 Controlling party
In the opinion of the directors there is no ultimate controlling party.
7 Other information
Bedford Riverside Regeneration Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beckett House
1 Lambeth Palace Road
London
SE1 7EU
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