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Registration number: 13211300

Bee Investment Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Bee Investment Group Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Bee Investment Group Ltd

Company Information

Directors

Mr Hoi Kit Tang

Kanying Li

Registered office

Station House Central Way
Suite 11 Station House
Warrington
WA2 7TT

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Bee Investment Group Ltd

(Registration number: 13211300)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

325

-

Investment property

6

810,000

362,613

 

810,325

362,613

Current assets

 

Cash at bank and in hand

 

1,859

44,270

Creditors: Amounts falling due within one year

7

(88,063)

(1)

Net current (liabilities)/assets

 

(86,204)

44,269

Total assets less current liabilities

 

724,121

406,882

Creditors: Amounts falling due after more than one year

7

(642,390)

(407,378)

Provisions for liabilities

(23,653)

-

Net assets/(liabilities)

 

58,078

(496)

Capital and reserves

 

Called up share capital

(2)

(2)

Revaluation reserve

100,837

-

Retained earnings

(42,757)

(494)

Shareholders' funds/(deficit)

 

58,078

(496)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

 

Bee Investment Group Ltd

(Registration number: 13211300)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Mr Hoi Kit Tang
Director

.........................................
Kanying Li
Director

 

Bee Investment Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Station House Central Way
Suite 11 Station House
Warrington
WA2 7TT
United Kingdom

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Bee Investment Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

10

-

 

Bee Investment Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

334

334

At 29 February 2024

334

334

Depreciation

Charge for the year

9

9

At 29 February 2024

9

9

Carrying amount

At 29 February 2024

325

325

6

Investment properties

2024
£

At 1 March

362,613

Additions

322,897

Fair value adjustments

124,490

At 29 February

810,000

The fair value of the property at 29th Feburary 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £810,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

There has been no valuation of investment property by an independent valuer.

 

Bee Investment Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

85,962

-

Accruals and deferred income

 

2,100

-

Other creditors

 

1

1

 

88,063

1

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

642,390

407,378

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

100,837

100,837

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

500,644

-

Other borrowings

141,746

407,378

642,390

407,378