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Registration number: 00933238

Betaorange Limited

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

 

Betaorange Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Betaorange Limited

(Registration number: 00933238)
Statement of Financial Position as at 5 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,239,539

1,239,539

Cash at bank and in hand

 

1,142

1,220

 

1,240,681

1,240,759

Creditors: Amounts falling due within one year

5

(13,820)

(13,135)

Net assets

 

1,226,861

1,227,624

Capital and reserves

 

Called up share capital

30,450

30,450

Share premium reserve

179,739

179,739

Capital redemption reserve

32,011

32,011

Profit and loss account

984,661

985,424

Shareholders' funds

 

1,226,861

1,227,624

For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 23 December 2024
 


Niall Hobhouse
Director

 

Betaorange Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 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:
Shatwell Studios
Shatwell Lane
Yarlington
Wincanton
Somerset
BA9 8DL

Principal activity

The principal activity of the company is that of managing investments.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. .

Going concern

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

 

Betaorange Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Note

2024
£

2023
£

Other debtors

7

1,239,539

1,239,539

 

1,239,539

1,239,539

 

Betaorange Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

678

648

Other creditors

13,142

12,487

13,820

13,135

6

Reserves

Share premium account:
This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Capital redemption reserve:
This reserve records the nominal value of shares repurchased by the company.

Profit and loss account:
This reserve records retained earnings and accumulated losses.

7

Related party transactions

During the year the company operated intercompany loan accounts with corporate participators. Loans are interest free and have no fixed repayment date,

At 5 April 2024 amounts owed to Betaorange Limited totalled £1,028,811 (2023: £1,028,811)


 

Transactions with the director

2024

At 6 April 2023
£

Advances to director
£

At 5 April 2024
£

Director

(12,487)

(655)

(13,142)

       
     

 

2023

At 6 April 2022
£

Advances to director
£

At 5 April 2023
£

Director

(11,874)

(613)

(12,487)

 

 

Betaorange Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024 (continued)

7

Related party transactions (continued)


Directors’ loans are repayable on demand and subject to interest on overdrawn balances at the official rate.

8

Ultimate parent undertaking

The company is a wholly owned subsidiary of Alanna Properties Limited (Registered Office: 2nd Floor International House, 41 The Parade, St Helier, Jersey JE2 3QQ), which is wholly owned by the Budwin Conn 1975 Settlement. The Trustee of the Budwin Conn 1975 Settlement is Financial Consultants (Jersey) Ltd, who has ultimate control.