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REGISTERED NUMBER: 13247762 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

B.Z.Betteredge Ltd

B.Z.Betteredge Ltd (Registered number: 13247762)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.Z.Betteredge Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B D Shelton
Mrs Z E Shelton





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 13247762 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

B.Z.Betteredge Ltd (Registered number: 13247762)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,247 5,076
Investment property 5 1,428,831 1,428,831
1,605,078 1,433,907

CURRENT ASSETS
Debtors 6 11,133 21,524
Cash at bank 26,112 230,488
37,245 252,012
CREDITORS
Amounts falling due within one year 7 404,753 408,446
NET CURRENT LIABILITIES (367,508 ) (156,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,237,570

1,277,473

CAPITAL AND RESERVES
Called up share capital 1,348,289 1,348,289
Fair value reserve 41,927 41,927
Retained earnings (152,646 ) (112,743 )
1,237,570 1,277,473

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.

B.Z.Betteredge Ltd (Registered number: 13247762)

Balance Sheet - continued
31 March 2024


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 16 August 2024 and were signed on its behalf by:





B D Shelton - Director


B.Z.Betteredge Ltd (Registered number: 13247762)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

B.Z.Betteredge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Fees receivable and services for the use of premises are accounted for in the period in which the services are provided.

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

Land included in freehold property is not depreciated.

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

B.Z.Betteredge Ltd (Registered number: 13247762)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 - 5,800 5,800
Additions 172,440 - 172,440
At 31 March 2024 172,440 5,800 178,240
DEPRECIATION
At 1 April 2023 - 724 724
Charge for year - 1,269 1,269
At 31 March 2024 - 1,993 1,993
NET BOOK VALUE
At 31 March 2024 172,440 3,807 176,247
At 31 March 2023 - 5,076 5,076

Included in cost of land and buildings is freehold land of £ 172,440 (2023 - £ 0 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,428,831
NET BOOK VALUE
At 31 March 2024 1,428,831
At 31 March 2023 1,428,831

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,428,831

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,386,903 1,386,903
Aggregate depreciation (74,444 ) (48,625 )

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

B.Z.Betteredge Ltd (Registered number: 13247762)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,273 18,616
Other debtors - 500
Prepayments 2,860 2,408
11,133 21,524

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to related companies 400,000 400,000
Social security and other taxes 991 4,754
Directors' loan account 2,392 2,392
Accrued expenses 1,370 1,300
404,753 408,446