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REGISTERED NUMBER: 01356305 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

BETTS FARM & PROPERTY MANAGEMENT LTD

BETTS FARM & PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 01356305)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BETTS FARM & PROPERTY MANAGEMENT LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M H Betts





REGISTERED OFFICE: 138 The Street
Crowmarsh Gifford
Wallingford
OX10 8EH





REGISTERED NUMBER: 01356305 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

BETTS FARM & PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 01356305)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 5 350 381
Cash at bank 25,353 32,449
25,703 32,830
CREDITORS
Amounts falling due within one year 6 21,354 16,936
NET CURRENT ASSETS 4,349 15,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,349

15,894

CREDITORS
Amounts falling due after more than one year 7 11,405 21,405
NET LIABILITIES (7,056 ) (5,511 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,156 ) (5,611 )
SHAREHOLDERS' FUNDS (7,056 ) (5,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BETTS FARM & PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 01356305)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the director and authorised for issue on 19 June 2024 and were signed by:





Mr M H Betts - Director


BETTS FARM & PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 01356305)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Betts Farm & Property Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% Reducing Balance

Taxation
Taxation for the year comprises current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 8,634
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,634
NET BOOK VALUE
At 31 March 2024 -

BETTS FARM & PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 01356305)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 350 381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,648 10,648
Other creditors 10,706 6,288
21,354 16,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 11,405 21,405

8. RELATED PARTY DISCLOSURES

M H Betts is a director of Betts Farm & Property Management Limited. M H Betts is owed £10,051 by the company as at 31 March 2024. (2023: £5,664)