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Registered number: 14013758
Beholden Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14013758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 342,997 264,971
Investments 5 960,573 521,800
1,303,570 786,771
CURRENT ASSETS
Debtors 6 49,851 -
Cash at bank and in hand 2,545 132,738
52,396 132,738
Creditors: Amounts Falling Due Within One Year 7 (1,512,537 ) (974,344 )
NET CURRENT ASSETS (LIABILITIES) (1,460,141 ) (841,606 )
TOTAL ASSETS LESS CURRENT LIABILITIES (156,571 ) (54,835 )
NET LIABILITIES (156,571 ) (54,835 )
CAPITAL AND RESERVES
Called up share capital 8 50 50
Profit and Loss Account (156,621 ) (54,885 )
SHAREHOLDERS' FUNDS (156,571) (54,835)
Page 1
Page 2
For the year ending 31 March 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Imran Iqbal
Director
11/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beholden Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14013758 . The registered office is Bullions Close Farm Ightenhill Park Lane, Burnley, BB12 0RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NA
Plant & Machinery RB 25%
Motor Vehicles RB 25%
Computer Equipment RB 33%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 261,061 4,578 - 712 266,351
Additions - - 102,715 2,994 105,709
As at 31 March 2024 261,061 4,578 102,715 3,706 372,060
Depreciation
As at 1 April 2023 - 1,145 - 235 1,380
Provided during the period - 859 25,679 1,145 27,683
As at 31 March 2024 - 2,004 25,679 1,380 29,063
Net Book Value
As at 31 March 2024 261,061 2,574 77,036 2,326 342,997
As at 1 April 2023 261,061 3,433 - 477 264,971
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Page 4
5. Investments
Listed
£
Cost
As at 1 April 2023 521,800
Additions 438,773
As at 31 March 2024 960,573
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 960,573
As at 1 April 2023 521,800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,000 -
Business Loans Given 32,851 -
49,851 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Directors' loan accounts 1,512,536 974,344
1,512,537 974,344
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
Page 4