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Registered number: 10967754
Betterwest Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Betterwest Ltd

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet2
Notes To The Accounts3
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Betterwest Ltd

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets1,355,0711,355,071
CURRENT ASSETS
Debtors35,21334,570
Cash at bank and in hand25,10515,977
60,31850,547
CREDITORS: Amounts falling due within one year343,832341,542
NET CURRENT LIABILITIES(283,514)(290,995)
TOTAL ASSETS LESS CURRENT LIABILITIES1,071,5571,064,076
CREDITORS: Amounts falling due after more than one year31,008,8241,018,824
NET ASSETS62,73345,252
CAPITAL AND RESERVES
Called up share capital511
Profit and loss account62,73245,251
SHAREHOLDERS' FUNDS62,73345,252
For the year ending 30/09/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/09/2024 and signed on their behalf by
.............................
J Galandauer
Director

Betterwest Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/10/20221,355,0711,355,071
At 30/09/20231,355,0711,355,071
3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr1,008,8241,018,824
1,008,8241,018,824

Betterwest Ltd

4. EMPLOYEES
20232022
No.No.
Average number of employees--
5. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
6. RELATED PARTY TRANSACTIONS
Other Creditors includes loans from companies with common shareholdings.