Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01Property management services including refurbishment and development44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08757267 2023-04-01 2024-03-31 08757267 2022-04-01 2023-03-31 08757267 2024-03-31 08757267 2023-03-31 08757267 c:Director2 2023-04-01 2024-03-31 08757267 d:OfficeEquipment 2023-04-01 2024-03-31 08757267 d:OfficeEquipment 2024-03-31 08757267 d:OfficeEquipment 2023-03-31 08757267 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08757267 d:CurrentFinancialInstruments 2024-03-31 08757267 d:CurrentFinancialInstruments 2023-03-31 08757267 d:Non-currentFinancialInstruments 2024-03-31 08757267 d:Non-currentFinancialInstruments 2023-03-31 08757267 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08757267 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08757267 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08757267 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08757267 d:ShareCapital 2024-03-31 08757267 d:ShareCapital 2023-03-31 08757267 d:RetainedEarningsAccumulatedLosses 2024-03-31 08757267 d:RetainedEarningsAccumulatedLosses 2023-03-31 08757267 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08757267 c:OrdinaryShareClass1 2024-03-31 08757267 c:OrdinaryShareClass1 2023-03-31 08757267 c:FRS102 2023-04-01 2024-03-31 08757267 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08757267 c:FullAccounts 2023-04-01 2024-03-31 08757267 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08757267 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08757267














BYREN LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
BYREN LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
BYREN LTD
REGISTERED NUMBER:08757267

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
371
495

Current assets
  

Stocks
  
773,446
-

Debtors: amounts falling due within one year
 5 
41,199
37,906

Cash at bank and in hand
  
137,643
16,264

  
952,288
54,170

Creditors: amounts falling due within one year
 6 
(68,903)
(16,442)

Net current assets
  
 
 
883,385
 
 
37,728

Total assets less current liabilities
  
883,756
38,223

Creditors: amounts falling due after more than one year
 7 
(1,875,744)
(956,077)

  

Net liabilities
  
(991,988)
(917,854)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(992,088)
(917,954)

  
(991,988)
(917,854)


Page 1

 
BYREN LTD
REGISTERED NUMBER:08757267
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Y Tal
Director

Date: 6 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BYREN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Byren Ltd is a limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company was that of property management services including refurbishment and development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have provided an interest free loan to the company for an indefinite period and will provide additional loans if required to enable it to continue trading for the foreseeable future. As a result the financial statements have been prepared on the going concern basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of fees charged for management services supplied and expenses recharged during the period, exclusive of Value Added Tax and trade discounts.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3

 
BYREN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
BYREN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
2,788



At 31 March 2024

2,788



Depreciation


At 1 April 2023
2,293


Charge for the year on owned assets
124



At 31 March 2024

2,417



Net book value



At 31 March 2024
371



At 31 March 2023
495

Page 5

 
BYREN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
33,611
30,318

Prepayments and accrued income
7,588
7,588

41,199
37,906



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
44,810
5,506

Other taxation and social security
15,395
8,651

Other creditors
6,845
-

Accruals and deferred income
1,853
2,285

68,903
16,442



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Directors' loan
1,875,744
956,077



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1 each
100
100



9.


Related party transactions

During the year the company traded with LITO Investments Limited, a company incorporated in the British Virgin Islands, of which Y Tal is the benefical owner. Total sales made to LITO Investments Limited during the year amounted to £59,231 (2023 - £40,501). As at 31 March 2024 the company was owed £31,417 (2023 - £26,301) by LITO Investments Limited.

 
Page 6