Silverfin false false 30/09/2024 01/10/2023 30/09/2024 D Borchard 28/09/2021 R Borchard 28/09/2021 L Brenden 28/09/2021 E Brenden 28/09/2021 23 May 2025 The company was incorporated on 28 September 2021. The principal activity of the Company during the financial year was the development of building projects. 13647642 2024-09-30 13647642 bus:Director1 2024-09-30 13647642 bus:Director2 2024-09-30 13647642 bus:Director3 2024-09-30 13647642 bus:Director4 2024-09-30 13647642 2023-09-30 13647642 core:CurrentFinancialInstruments 2024-09-30 13647642 core:CurrentFinancialInstruments 2023-09-30 13647642 core:ShareCapital 2024-09-30 13647642 core:ShareCapital 2023-09-30 13647642 core:RetainedEarningsAccumulatedLosses 2024-09-30 13647642 core:RetainedEarningsAccumulatedLosses 2023-09-30 13647642 2023-10-01 2024-09-30 13647642 bus:FilletedAccounts 2023-10-01 2024-09-30 13647642 bus:SmallEntities 2023-10-01 2024-09-30 13647642 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13647642 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13647642 bus:Director1 2023-10-01 2024-09-30 13647642 bus:Director2 2023-10-01 2024-09-30 13647642 bus:Director3 2023-10-01 2024-09-30 13647642 bus:Director4 2023-10-01 2024-09-30 13647642 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 13647642 (England and Wales)

BEVIS LAND LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

BEVIS LAND LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BEVIS LAND LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
BEVIS LAND LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 1,555,236 224,684
1,555,236 224,684
Current assets
Debtors 5 86,923 15,849
Cash at bank and in hand 208,181 9,612
295,104 25,461
Creditors: amounts falling due within one year 6 ( 2,703,341) ( 1,000,101)
Net current liabilities (2,408,237) (974,640)
Total assets less current liabilities (853,001) (749,956)
Net liabilities ( 853,001) ( 749,956)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 853,101 ) ( 750,056 )
Total shareholder's deficit ( 853,001) ( 749,956)

For the financial year 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:

The financial statements of Bevis Land Limited (registered number: 13647642) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R Borchard
Director
L Brenden
Director

23 May 2025

BEVIS LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BEVIS LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

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

General information and basis of accounting

Bevis Land 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 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements with the support from group companies. Accordingly, they continue to adopt the going concern basis in preparing the financial statements

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 4 4

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 224,684
Additions 1,330,552
As at 30 September 2024 1,555,236

5. Debtors

2024 2023
£ £
Other debtors 86,923 15,849

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to group undertakings 2,617,900 997,900
Other creditors 85,441 2,201
2,703,341 1,000,101

7. Related party transactions

Transactions with the members of the group and with other related parties concluded under normal market conditions have not been disclosed as per section 1AC.35 of FRS 102.