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REGISTERED NUMBER: 02281392 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Bitherstone Services Limited

Bitherstone Services Limited (Registered number: 02281392)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Bitherstone Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G C Sorce
Mrs A N R Davis





SECRETARY: Mrs A N R Davis





REGISTERED OFFICE: Building 1
St Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ





REGISTERED NUMBER: 02281392 (England and Wales)





ACCOUNTANTS: Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ

Bitherstone Services Limited (Registered number: 02281392)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Unlisted Investments 4 735,000 735,000

CURRENT ASSETS
Debtors 5 31,785 29,865
Cash at bank 2,533 974
34,318 30,839
CREDITORS
Amounts falling due within one year 6 1,103 1,090
NET CURRENT ASSETS 33,215 29,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,215

764,749

CAPITAL AND RESERVES
Called up share capital 7 355,680 355,680
Capital redemption reserve 8 153,570 153,570
Retained earnings 8 258,965 255,499
SHAREHOLDERS' FUNDS 768,215 764,749

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 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.

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 10 September 2024 and were signed on its behalf by:





G C Sorce - Director


Bitherstone Services Limited (Registered number: 02281392)

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

1. STATUTORY INFORMATION

Bitherstone Services Limited 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 represents management charges excluding VAT.

Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities including trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.


Bitherstone Services Limited (Registered number: 02281392)

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

2. ACCOUNTING POLICIES - continued
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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group accounts
Exemption has been taken from preparing group accounts on the grounds that the group qualifies as a small group. These accounts present the information of Bitherstone Services Limited as an individual company.

3. EMPLOYEES AND DIRECTORS

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

4. UNLISTED INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 735,000
NET BOOK VALUE
At 31 March 2024 735,000
At 31 March 2023 735,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Phosphor Technology Limited
Registered office: Building 1, St Cross Chambers, Upper Marsh Lane, Hoddesdon, EN11 8LQ.
Nature of business: Luminescent Material Manufacturers
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 1,995,767 2,148,816
Profit for the year 346,951 229,877

Unlisted investments relates to shares held in the subsidiary undertaking.

Bitherstone Services Limited (Registered number: 02281392)

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 31,785 29,865

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 23 10
Other creditors 1,080 1,080
1,103 1,090

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
355,680 Ordinary £1 355,680 355,680

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 255,499 153,570 409,069
Profit for the year 503,466 503,466
Dividends (500,000 ) (500,000 )
At 31 March 2024 258,965 153,570 412,535

9. RELATED PARTY DISCLOSURES

The company is controlled by its directors who, together with their spouses and trusts in which they have an interest, own 64% of the issued share capital.
The company has received £5,000 (2023 - £5,000) from Phosphor Technology Limited for management services as well as dividends totalling £500,000.
The company has paid out total dividends to the shareholders of £500,000.

Bitherstone Services Limited

Report of the Accountants to the Directors of
Bitherstone Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ


10 September 2024