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Registered number: 12354732
Betteridge Properties Residential Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Betteridge Properties Residential Ltd For The Year Ended 30 November 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Betteridge Properties Residential Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Betteridge Properties Residential Ltd , as a body, in accordance with the terms of our engagement letter dated 27 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Betteridge Properties Residential Ltd and state those matters that we have agreed to state to the director of Betteridge Properties Residential Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Betteridge Properties Residential Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Betteridge Properties Residential Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Betteridge Properties Residential Ltd . You consider that Betteridge Properties Residential Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Betteridge Properties Residential Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
25 August 2025
UK Property Accountants
Chartered Certified Accountants
Salisbury House
29 Finsbury Circus
EC2M 7AQ
Page 1
Page 2
Balance Sheet
Registered number: 12354732
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,375,000 1,375,000
1,375,000 1,375,000
CURRENT ASSETS
Debtors 5 1,170 2,136
Cash at bank and in hand 8,519 12,098
9,689 14,234
Creditors: Amounts Falling Due Within One Year 6 (314,498 ) (296,372 )
NET CURRENT ASSETS (LIABILITIES) (304,809 ) (282,138 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,070,191 1,092,862
Creditors: Amounts Falling Due After More Than One Year 7 (789,085 ) (788,326 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,832 ) (48,832 )
NET ASSETS 232,274 255,704
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 232,273 255,703
SHAREHOLDERS' FUNDS 232,274 255,704
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Matthew James Betteridge
Director
25 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Betteridge Properties Residential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12354732 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 5SQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 December 2023 1,375,000
As at 30 November 2024 1,375,000
Net Book Value
As at 30 November 2024 1,375,000
As at 1 December 2023 1,375,000
The investment properties were valued, on 30 November 2023, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 976 1,942
Other debtors 194 194
1,170 2,136
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 304 -
Director's loan account 120,504 109,682
Amounts owed to group undertakings 193,690 186,690
314,498 296,372
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 789,085 788,326
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 789,085 788,326
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Included in creditors due within one year is an amount of £120,504 (2023: £109,682 ) owed to its director. The amount is interest free and repayable on demand.
Included in creditor due within one year is an amount of £193,690 (2023:£186,690) owed to the company under the same group undertaking. The amount is interest free and repayable on demand.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Betteridge Property Holding Limited . Betteridge Property Holding Limited was incorporated in United Kingdom.The ultimate controlling party is Mr.  Matthew James Betteridge.
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