Company registration number 00475007 (England and Wales)
BEVINGTONS & SONS LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BEVINGTONS & SONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BEVINGTONS & SONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
934,957
924,113
Current assets
Debtors
4
4,296
2,594
Cash at bank and in hand
214,293
205,893
218,589
208,487
Creditors: amounts falling due within one year
5
(5,400)
(10,704)
Net current assets
213,189
197,783
Total assets less current liabilities
1,148,146
1,121,896
Creditors: amounts falling due after more than one year
6
(52,750)
(52,750)
Net assets
1,095,396
1,069,146
Capital and reserves
Called up share capital
7
36,700
36,700
Capital redemption reserve
93,700
93,700
Fair value reserve
11,479
635
Profit and loss reserves
953,517
938,111
Total equity
1,095,396
1,069,146

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BEVINGTONS & SONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
Mr D C Howard
Director
Company Registration No. 00475007
BEVINGTONS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Bevingtons & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Walk Building, 110 Regent Road, Leicester, LE1 7LT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of listed investments. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Income is recognised at the fair value of the consideration received or receivable on the investments held.

1.3
Fixed asset investments

Interests in listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

Interests in unlisted investments where there is no readily available market on which the investments are traded are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.5
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

BEVINGTONS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Fixed asset investments
2023
2022
£
£
Investments other than loans
934,957
924,113
Fixed asset investments revalued

Listed investments are valued at their open market value. As at the 31 December 2023 the value of listed investment was £798,807 (2022 - £787,963).

Fixed asset investments not carried at market value

Unlisted investments are valued at cost less provisions for diminution in value. The written down value included at 31 December 2023 amounted to £136,150 (2022 - £136,150).

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2023
924,113
Valuation changes
10,844
At 31 December 2023
934,957
Carrying amount
At 31 December 2023
934,957
At 31 December 2022
924,113
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,824
-
0
Other debtors
2,472
2,594
4,296
2,594
BEVINGTONS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
-
0
1,673
Other creditors
5,400
9,031
5,400
10,704
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
52,750
52,750
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
21,350
21,350
21,350
21,350
Ordinary B shares of £1 each
15,350
15,350
15,350
15,350
36,700
36,700
36,700
36,700
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