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Company Registration No. 12098040 (England and Wales)
Bevero Properties Limited Unaudited accounts for the year ended 31 July 2024
Bevero Properties Limited Unaudited accounts Contents
Page
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Bevero Properties Limited Company Information for the year ended 31 July 2024
Director
Faton Sahiti
Company Number
12098040 (England and Wales)
Registered Office
89 Greenfield Gardens London NW2 1HU
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Bevero Properties Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
148 
591 
Investment property
382,000 
400,000 
382,148 
400,591 
Current assets
Debtors
1,165 
1,103 
Cash at bank and in hand
7,644 
11,710 
8,809 
12,813 
Creditors: amounts falling due within one year
(100,238)
(110,996)
Net current liabilities
(91,429)
(98,183)
Total assets less current liabilities
290,719 
302,408 
Creditors: amounts falling due after more than one year
(255,980)
(255,970)
Provisions for liabilities
Deferred tax
(2,474)
(5,894)
Net assets
32,265 
40,544 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
10,545 
25,125 
Profit and loss account
21,719 
15,418 
Shareholders' funds
32,265 
40,544 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Faton Sahiti Director Company Registration No. 12098040
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Bevero Properties Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Bevero Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12098040. The registered office is 89 Greenfield Gardens , London , NW2 1HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not depreciated
Fixtures & fittings
over 5 years
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The Director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Bevero Properties Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,216 
At 31 July 2024
2,216 
Depreciation
At 1 August 2023
1,625 
Charge for the year
443 
At 31 July 2024
2,068 
Net book value
At 31 July 2024
148 
At 31 July 2023
591 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
400,000 
Net loss from fair value adjustments
(18,000)
At 31 July 2024
382,000 
Investment property is included at market fair value. Gains are recognized in the income statement. Deferred taxation is provided on these gains at the rate expected on balance sheet date. The estimated market value of £382,000 was based on Director's valuation of property which was arrived at by comparison to similar properties in the area.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,165 
1,103 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,581 
995 
Loans from directors
98,657 
110,001 
100,238 
110,996 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
255,980 
255,970 
Aggregate of amounts that fall due for payment after five years
- 
255,970 
Interest only mortgage acquired for property purchase. Duration of mortgage is 25 years.
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Bevero Properties Limited Notes to the Accounts for the year ended 31 July 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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