REGISTERED NUMBER: 11735795 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

BETHEL INTERNATIONAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A O Oladipo

Dr A E Oladipo

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

11735795 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

464,210

133,000

464,210

133,000

CURRENT ASSETS

Debtors

6

6,648

130

Cash at bank

198

3,995

6,846

4,125

CREDITORS

Amounts falling due within one year

7

(133,629

)

(101,875

)

NET CURRENT LIABILITIES

(126,783

)

(97,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

337,427

35,250

CREDITORS

Amounts falling due after more than one year

8

(315,413

)

-

PROVISIONS FOR LIABILITIES

(5,939

)

(5,939

)

NET ASSETS

16,075

29,311

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

15,975

29,211

SHAREHOLDERS' FUNDS

16,075

29,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 1 October 2025 and were signed on its behalf by:

Dr A O Oladipo - Director

Dr A E Oladipo - Director

1.	STATUTORY INFORMATION

Bethel International 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 as modified by the revaluation of certain assets.

Turnover

Turnover 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.

Fixtures and fittings

-

Straight line over 5 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

355

DEPRECIATION

At 1 January 2024

and 31 December 2024

355

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

133,000

Additions

331,210

At 31 December 2024

464,210

NET BOOK VALUE

At 31 December 2024

464,210

At 31 December 2023

133,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

10,256

Valuation in 2023

17,136

Cost

436,818

464,210

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

6,648

130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

2,350

-

Trade creditors

4,400

-

Taxation and social security

-

381

Other creditors

126,879

101,494

133,629

101,875

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

315,413

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

303,434

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

317,763

-

The mortgages are all provided by Together Commercial Finance Limited and are secured against the freehold interest in the land and property at:

73 Pegasus Avenue

1/1, 4 Russell Street

Flat 1/2, 71b Dempster Street

1 Cook Avenue

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Reserves include £25,318 which is not distributable. This relates to the unrealised revaluation of Investment Properties and the deferred tax effects.

12.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.