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REGISTERED NUMBER: 13290356 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

BETA COVENTRY LTD

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BETA COVENTRY LTD

Company Information
for the year ended 31 August 2024







DIRECTORS: Ms R Commander
E T Commander
R J Symes
M J Commander





REGISTERED OFFICE: 5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 13290356 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,252,047 1,252,047

CURRENT ASSETS
Debtors 5 16,684 13,900
Cash at bank 407 124
17,091 14,024
CREDITORS
Amounts falling due within one year 6 (195,681 ) (186,881 )
NET CURRENT LIABILITIES (178,590 ) (172,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,073,457

1,079,190

CREDITORS
Amounts falling due after more than one
year

7

(1,067,981

)

(1,081,712

)
NET ASSETS/(LIABILITIES) 5,476 (2,522 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 5,376 (2,622 )
SHAREHOLDERS' FUNDS 5,476 (2,522 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





R J Symes - Director


BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Beta Coventry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. PROPERTY, PLANT AND EQUIPMENT
Long
leasehold
£   
COST
At 1 September 2023
and 31 August 2024 1,252,047
NET BOOK VALUE
At 31 August 2024 1,252,047
At 31 August 2023 1,252,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,584 13,800
Other debtors 100 100
16,684 13,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 11,708 8,075
Other loans (see note 8) 127,096 136,203
Trade creditors 8,980 7,357
Amounts owed to related undertakings 33,194 20,694
Tax 1,876 -
Social security and other taxes 4,065 4,600
Other creditors 5,022 5,022
Directors' current accounts 1,740 1,430
Accruals and deferred income 2,000 3,500
195,681 186,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 1,067,981 1,081,712

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,008,425 1,038,936

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,708 8,075
Other loans 127,096 136,203
138,804 144,278

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,061 9,008

Amounts falling due between two and five years:
Bank loans - 2-5 years 46,495 33,768

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,008,425 1,038,936

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 (2,622 )
Profit for the year 7,998
At 31 August 2024 5,376

BETA COVENTRY LTD (REGISTERED NUMBER: 13290356)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


11. RELATED PARTY DISCLOSURES

Advanced Surface Treatments (Coventry) Limited
Company under common control

At balance sheet date the Company owed Advanced Surface Treatments (Coventry) Limited £10,342 (2023: owed £10,342). This amount is interest free, unsecured and there is no fixed date for repayment.

Alpha Industrial Limited
Company under common control

At balance sheet date the Company owed Beta (Coventry) Limited £22,500 (2023: £10,000). This amount is interest free, unsecured and there is no fixed date for repayment.

Small Units Limited
Company under common control

At balance sheet date the Company owed Beta (Coventry) Limited £352 (2023: £352). This amount is interest free, unsecured and there is no fixed date for repayment.