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REGISTERED NUMBER: 13653585 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BETA BEST PRODUCE LTD

BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BETA BEST PRODUCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M A Soulsby
Mr L F Arce Orbegozo



REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD



BUSINESS ADDRESS: Grosvenor House
Arena Offices
Basing View
Basingstoke
Hampshire
RG21 4HG



REGISTERED NUMBER: 13653585 (England and Wales)



SENIOR STATUTORY AUDITOR: Neil Raynsford



AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,882 1,071
Investments 6 84 84
1,966 1,155

CURRENT ASSETS
Stocks 261,741 116,982
Debtors 7 1,618,186 1,204,507
Cash at bank 952,894 288,441
2,832,821 1,609,930
CREDITORS
Amounts falling due within one year 8 2,569,355 1,544,425
NET CURRENT ASSETS 263,466 65,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,432

66,660

PROVISIONS FOR LIABILITIES 397 241
NET ASSETS 265,035 66,419

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 264,935 66,319
SHAREHOLDERS' FUNDS 265,035 66,419

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 18 June 2025 and were signed on its behalf by:





Mr M A Soulsby - Director


BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Beta Best Produce 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company relies upon the support of their parent company, Complejo Agroindustrial Beta S.A. (a company based in Peru), through the use of inter-group loans and other credit facilities. The amounts owing are repayable by demand. The parent company has advised that it will not demand repayment if it would be financially detrimental to the company.

Due to this ongoing support there is considered to be no material uncertainty in relation to the going concern position of the company and the directors believe that it is appropriate to prepare the financial statements on the going concern basis. This basis assumes that the company will continue in operational existence for the foreseeable future. The financial statements do not incorporate any adjustments that might be required should the going concern basis prove to be inappropriate.

Preparation of consolidated financial statements
The financial statements contain information about Beta Best Produce Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually upon delivery to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 366 1,173 1,539
Additions - 1,388 1,388
At 31 December 2024 366 2,561 2,927
DEPRECIATION
At 1 January 2024 31 437 468
Charge for year 91 486 577
At 31 December 2024 122 923 1,045
NET BOOK VALUE
At 31 December 2024 244 1,638 1,882
At 31 December 2023 335 736 1,071

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 84
NET BOOK VALUE
At 31 December 2024 84
At 31 December 2023 84

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,605,864 1,157,138
Other debtors 12,322 47,369
1,618,186 1,204,507

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,606 22,497
Amounts owed to group undertakings 2,353,796 1,485,377
Taxation and social security 66,431 20,996
Other creditors 65,522 15,555
2,569,355 1,544,425

BETA BEST PRODUCE LTD (REGISTERED NUMBER: 13653585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £1,500 (2023: £1,500). This amount is in relation to operating lease commitments which are payable over the next year.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Torres Del Rio SAC (incorporated in Peru) is regarded by the directors as being the company's ultimate parent company.

Complejo Agroindustrial Beta S.A. (incorporated in Peru) is the parent company of Beta Best Produce Ltd with its registered office located at Calle Leopoldo Carrillo No. 160, Chincha Alta, Ica, Peru.