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Company Registration No. 09420701 (England and Wales)
Betterton Duplex Limited Unaudited accounts for the year ended 29 February 2024
Betterton Duplex Limited Unaudited accounts Contents
Page
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Betterton Duplex Limited Company Information for the year ended 29 February 2024
Director
C Oakes
Company Number
09420701 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX United Kingdom
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Betterton Duplex Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
2,650,000 
2,700,000 
Creditors: amounts falling due within one year
(2,719,283)
(2,750,490)
Net current liabilities
(69,283)
(50,490)
Net liabilities
(69,283)
(50,490)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(69,284)
(50,491)
Shareholders' funds
(69,283)
(50,490)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2024 and were signed on its behalf by
C Oakes Director Company Registration No. 09420701
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Betterton Duplex Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Betterton Duplex Limited is a private company, limited by shares, registered in England and Wales, registration number 09420701. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Interest on loans used to purchase development land and buildings is also included as a cost within the stock and work-in -progress
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,612,500 
1,787,500 
Loans from directors
1,105,883 
962,090 
Accruals
900 
900 
2,719,283 
2,750,490 
The bank loan is secured by a fixed charge over 33 Betterton Street, London WC2H 9BQ and a floating charge over all the assets of the company
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Betterton Duplex Limited Notes to the Accounts for the year ended 29 February 2024
6
Transactions with related parties
Mr C Oaks is a director in both Betteron Duxplex Limited and Rubicon Homes (Hilltop) Limited. During the year Betteron Duplex Limited Charged Rubicon Homes (Hilltop) Limited £45,000 ( 2023 - £80,000) in respect of management services provided during the year. Mr C Oaks is a director in both Betteron Duxplex Limited and Luxury Old World Investments Limited. During the year Betteron Duplex Limited Charged Luxury Old World Investments Limited £35,000 ( 2023 - £Nil) in respect of management services provided during the year.
7
Controlling party
The ultimate holding company is Luxury Old World Holdings limited, a company incorporated in England and Wales under company number 11633499.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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