Registered number
06068773
BEDMOND HILL ESTATES LTD
Filleted Accounts
31 January 2024
BEDMOND HILL ESTATES LTD
Registered number: 06068773
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 593,324 593,324
Current assets
Debtors 4 125,895 70,545
Cash at bank and in hand 9,356 12,159
135,251 82,704
Creditors: amounts falling due within one year 5 (541,839) (528,136)
Net current liabilities (406,588) (445,432)
Net assets 186,736 147,892
Capital and reserves
Called up share capital 2 2
Profit and loss account 186,734 147,890
Shareholder's funds 186,736 147,892
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Claudio Guglielmucci
Director
Approved by the board on 29 January 2025
BEDMOND HILL ESTATES LTD
Notes to the Accounts
for the year ended 31 January 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments Properties
Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at their fair values based on market value determined by Directors annually and by professional independent valuers every three years. The difference between the fair value of an investment at the reporting date and its
carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit.
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 Investments
Other
investments
£
Cost
At 1 February 2023 593,324
At 31 January 2024 593,324
The investment property was valued by the directors at 31 January 2024 who are of the opinion that the amount included in the financial statements is not materially different to the open market value.
4 Debtors 2024 2023
£ £
Trade debtors 13,400 -
Other debtors 112,495 70,545
125,895 70,545
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,300 27
Taxation and social security costs 19,994 12,624
Other creditors 520,545 515,485
541,839 528,136
6 Related party transactions
Included in other creditors at the year end is £377,829 (2023: £382,829) owing to a director and the sole shareholder of the company.

Included in other creditors at the year end is £108,000 (2023: £108,000) owing to a company under common control.

Included in other debtors is £112,495 (2023: £58,546) owing from a second company under common control.

Also included in other creditor is £10,000 (2023: £12,000 in debit) owing from a third company under common control.
7 Other information
BEDMOND HILL ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
10 Breakspear Place,
Abbots Langley,
Hertfordshire
WD5 0QF
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