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REGISTERED NUMBER: 01636884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Betaglow Ltd

Betaglow Ltd (Registered number: 01636884)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Betaglow Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Halford
A Thompson



SECRETARY: A Thompson



REGISTERED OFFICE: 8 Hampstead Gate
1A Frognal
Hampstead
London
NW3 6AL



REGISTERED NUMBER: 01636884 (England and Wales)



ACCOUNTANTS: Brackman Chopra LLP
Chartered Accountants
8 Hampstead Gate
1 A Frognal
Hampstead
London
NW3 6AL



SOLICITORS: Lee & Thompson
83 Charlotte Street
London
W1T 4DF

Betaglow Ltd (Registered number: 01636884)

Abridged Balance Sheet
31 December 2023

2023 2022
£    £   

CREDITORS
Amounts falling due within one year 235,426 235,426
NET CURRENT LIABILITIES (235,426 ) (235,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(235,426

)

(235,426

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (235,526 ) (235,526 )
SHAREHOLDERS' FUNDS (235,426 ) (235,426 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





R Halford - Director


Betaglow Ltd (Registered number: 01636884)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Betaglow 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Full provision is made for deferred tax assets and liabiltiites arising from timing differences between the recognition of gains and losses in the accounts and theit recognition for tax purposes.

Financial assets
Financial assets, including trade and other receivables, cash & bank balances, investments and loans from connected and fellow group company's are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from connected and fellow group companies are initially measured at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities
A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).