IRIS Accounts Production v24.3.2.46 11277877 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112778772023-03-31112778772024-03-31112778772023-04-012024-03-31112778772022-03-31112778772022-04-012023-03-31112778772023-03-3111277877ns15:EnglandWales2023-04-012024-03-3111277877ns14:PoundSterling2023-04-012024-03-3111277877ns10:Director12023-04-012024-03-3111277877ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111277877ns10:SmallEntities2023-04-012024-03-3111277877ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111277877ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111277877ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111277877ns10:FullAccounts2023-04-012024-03-3111277877ns5:CurrentFinancialInstruments2024-03-3111277877ns5:CurrentFinancialInstruments2023-03-3111277877ns5:Non-currentFinancialInstruments2024-03-3111277877ns5:Non-currentFinancialInstruments2023-03-3111277877ns5:ShareCapital2024-03-3111277877ns5:ShareCapital2023-03-3111277877ns5:RevaluationReserve2024-03-3111277877ns5:RevaluationReserve2023-03-3111277877ns5:RetainedEarningsAccumulatedLosses2024-03-3111277877ns5:RetainedEarningsAccumulatedLosses2023-03-3111277877ns10:RegisteredOffice2023-04-012024-03-3111277877ns5:LandBuildings2023-03-3111277877ns5:LandBuildings2024-03-3111277877ns5:LandBuildings2023-03-3111277877ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3111277877ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3111277877ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3111277877ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3111277877ns5:DeferredTaxation2023-03-3111277877ns5:DeferredTaxation2024-03-3111277877ns5:RetainedEarningsAccumulatedLosses2023-03-3111277877ns5:RevaluationReserve2023-03-3111277877ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 11277877 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Beta Estate Limited

Beta Estate Limited (Registered number: 11277877)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Beta Estate Limited (Registered number: 11277877)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
Fixed assets
Tangible assets 4 310,000 310,000

Current assets
Cash at bank 19,667 32,602

Creditors
Amounts falling due within one year 5 (534 ) (826 )
Net current assets 19,133 31,776
Total assets less current liabilities 329,133 341,776

Creditors
Amounts falling due after more than
one year

6

(291,312

)

(291,312

)

Provisions for liabilities 8 (4,595 ) (4,595 )
Net assets 33,226 45,869

Capital and reserves
Called up share capital 1 1
Revaluation reserve 9 24,183 24,183
Retained earnings 9 9,042 21,685
Shareholders' funds 33,226 45,869

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.

Beta Estate Limited (Registered number: 11277877)

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 21 December 2024 and were signed by:





Hayder Magaza - Director


Beta Estate Limited (Registered number: 11277877)

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

1. Statutory information

Beta Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11277877

Registered office: 161 Robin Hood Way
London
United Kingdom
SW15 3QG

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.

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.

Beta Estate Limited (Registered number: 11277877)

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

3. Employees and directors

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

4. Tangible fixed assets
Freehold
property
£
Cost
At 1 April 2023
and 31 March 2024 310,000
Net book value
At 31 March 2024 310,000
At 31 March 2023 310,000

5. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Trade creditors 1 -
Corporation tax 533 335
Other creditors - 491
534 826

6. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£ £
Bank loans (see note 7) 291,312 291,312

7. Loans

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 291,312 291,312

8. Provisions for liabilities
31.3.24 31.3.23
£ £
Deferred tax
Accelerated capital allowances 4,595 -
Other timing differences - 4,595
4,595 4,595

Beta Estate Limited (Registered number: 11277877)

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

8. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 April 2023 4,595
Balance at 31 March 2024 4,595

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT
SCREEN OF

-
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 4,595

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. Reserves
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 April 2023 21,685 24,183 45,868
Profit for the year 842 842
Dividends (13,485 ) (13,485 )
At 31 March 2024 9,042 24,183 33,225