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Company No: 15130420 (England and Wales)

BEOTO DESIGN LIMITED

Unaudited Financial Statements
For the financial period from 11 September 2023 to 30 September 2024
Pages for filing with the registrar

BEOTO DESIGN LIMITED

Unaudited Financial Statements

For the financial period from 11 September 2023 to 30 September 2024

Contents

BEOTO DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
BEOTO DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 30.09.2024
£
Fixed assets
Tangible assets 3 4,397
4,397
Current assets
Debtors 4 8,576
Cash at bank and in hand 3,011
11,587
Creditors: amounts falling due within one year 5 ( 60,050)
Net current liabilities (48,463)
Total assets less current liabilities (44,066)
Net liabilities ( 44,066)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 44,166 )
Total shareholder's deficit ( 44,066)

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Beoto Design Limited (registered number: 15130420) were approved and authorised for issue by the Board of Directors on 29 May 2025. They were signed on its behalf by:

Mr J M Warrington
Director
BEOTO DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 September 2023 to 30 September 2024
BEOTO DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 September 2023 to 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Beoto Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office 271 The Engine Room, 18 The Power Station, London, SW11 8BZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £44,066. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s400
The Company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets 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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
11.09.2023 to
30.09.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 11 September 2023 0 0 0
Additions 160 5,691 5,851
At 30 September 2024 160 5,691 5,851
Accumulated depreciation
At 11 September 2023 0 0 0
Charge for the financial period 39 1,415 1,454
At 30 September 2024 39 1,415 1,454
Net book value
At 30 September 2024 121 4,276 4,397

4. Debtors

30.09.2024
£
Trade debtors 1,200
VAT recoverable 4,248
Other debtors 3,128
8,576

5. Creditors: amounts falling due within one year

30.09.2024
£
Trade creditors 4,371
Amounts owed to Group undertakings 32,036
Amounts owed to directors 18,579
Accruals and deferred income 3,400
Other creditors 1,664
60,050

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Called-up share capital

30.09.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation, the company issued 100 ordinary £1 shares for £1 each.

7. Financial commitments

Commitments

30.09.2024
£
Total future minimum lease payments under non-cancellable operating lease 8,220

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

As a wholly owned subsidiary undertaking of their parent company, Turas Nadarra Limited, (Registered office: Office 271 The Engine Room, 18 The Power Station, London, England, SW11 8BZ), the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.

Transactions with the entity's directors

30.09.2024
£
Amount owed to the directors from the company 18,579

At the year-end, the company owed a director £18,579. This loan is interest free and has no fixed date for repayment.