Registered number
09710268
Bede Investments Limited
Filleted Accounts
31 March 2024
Bede Investments Limited
Registered number: 09710268
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 1,271,946 1,271,946
Current assets
Debtors 4 26,548 36,639
Cash at bank and in hand 28,476 11,996
55,024 48,635
Creditors: amounts falling due within one year 5 (395,751) (353,689)
Net current liabilities (340,727) (305,054)
Total assets less current liabilities 931,219 966,892
Creditors: amounts falling due after more than one year 6 (567,322) (582,308)
Provisions for liabilities (17,469) (9,515)
Net assets 346,428 375,069
Capital and reserves
Called up share capital 3 3
Profit and loss account 346,425 375,066
Shareholders' funds 346,428 375,069
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ian Baggett, Professor, BSc (Hons), PhD, MRICS, FRGS
Director
Approved by the board on 3 December 2024
Bede Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, net of discounts and value added taxes. Turnover includes revenue earned from the leasing of investment property.
Investment properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investment property £
Cost
At 1 April 2023 1,271,946
At 31 March 2024 1,271,946
Historical cost 2024 2023
£ £
1,206,946 1,206,946
The fair value of the investment property has been arrived at on the basis of the valuation carried out at 31 March 2024 by the directors. The valuation was made on an open market basis.
4 Debtors 2024 2023
£ £
Trade debtors 62 1,058
Other debtors 26,486 35,581
26,548 36,639
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,170 36,415
Trade creditors 82,662 43,808
Other creditors 288,919 273,466
395,751 353,689
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 567,322 582,308
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 586,340 613,571
Bank loans are secured by way of a first ranking debenture over the company's assets, and a legal charge over the relevant investment property.
8 Controlling party
The company is controlled by the joint shareholders, Adderstone Holdings Limited, J M J Mackay and M J Totham.
9 Other information
Bede Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nelson House, The Fleming
Burdon Terrace, Jesmond
Newcastle upon Tyne
NE2 3AE
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