Besson Line Limited
Registered number: 03500485
Statement of Financial Position
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 352,777 343,596
Current assets
Debtors 4 9,925 2,516
Cash at bank and in hand 926,122 900,123
936,047 902,639
Creditors: amounts falling due within one year 5 (164,548) (157,971)
Net current assets 771,499 744,668
Total assets less current liabilities 1,124,276 1,088,264
Creditors: amounts falling due after more than one year 6 (250,000) (250,000)
Net assets 874,276 838,264
Capital and reserves
Called up share capital 100 100
Profit and loss account 874,176 838,164
Shareholders' funds 874,276 838,264
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 members have 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 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.
D F Pinto
Director
Approved by the board on 27 March 2025
Besson Line Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover represents rental income, which is account for on an accruals basis net of VAT.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation
Plant and machinery 3 years straight line
Fixed asset investments are stated at cost.
Debtors
Short term debtors are measured at transaction 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. 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.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 343,596 3,028 346,624
Additions 9,181 - 9,181
At 30 June 2024 352,777 3,028 355,805
Depreciation
At 1 July 2023 - 3,028 3,028
At 30 June 2024 - 3,028 3,028
Net book value
At 30 June 2024 352,777 - 352,777
At 30 June 2023 343,596 - 343,596
4 Debtors 2024 2023
£ £
Trade debtors 1,525 1,525
Prepayments 4,580 1,479
Other debtors 3,820 (488)
9,925 2,516
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,376 4,063
Accruals 4,432 7,510
Corporation tax 11,820 6,154
Other creditors 146,920 140,244
164,548 157,971
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 250,000 250,000
The Non-redeemable preference shares of £1 each:
i. Entitle holders to a fixed preferential dividend at a rate of 0.5% per annum and any such additional dividend as the directors may at their discretion determine (but without obligaton). The dividend shall be paid yearly in arrears on the anniverary of the date of issue of the preference shares.
ii. The preference shares shall be repaid at par on any liquidation of the company but shall have no other right to share in the income or capital of the company.
iii. The preference shareholders shall not be entitled to any votes at any general meeting of the company.
7 Other information
Besson Line Limited is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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