REGISTERED NUMBER: 10990521 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Beta Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M N Naz

SECRETARY:

REGISTERED OFFICE:

Flat 20, Karner House Logan Close

Olympic Park

London

E20 1EZ

REGISTERED NUMBER:

10990521 (England and Wales)

ACCOUNTANTS:

Nationwide Accountants & Tax Advisors Ltd

704

London Road,

North Cheam, Sutton.

Surrey

SM3 9BY

FIXED ASSETS

Tangible assets

4

1,650

1,650

Investment property

5

1,203,286

1,203,286

1,204,936

1,204,936

CURRENT ASSETS

Cash at bank and in hand

19,246

41,613

CREDITORS

Amounts falling due within one year

6

151,794

181,655

NET CURRENT LIABILITIES

(132,548

)

(140,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,072,388

1,064,894

CREDITORS

Amounts falling due after more than one year

7

(894,753

)

(904,057

)

PROVISIONS FOR LIABILITIES

(24,532

)

(24,532

)

NET ASSETS

153,103

136,305

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

153,102

136,304

153,103

136,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

M N Naz - Director

1.	STATUTORY INFORMATION

Beta Properties 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

1,650

NET BOOK VALUE

At 31 October 2024

1,650

At 31 October 2023

1,650

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 October 2024

1,203,286

NET BOOK VALUE

At 31 October 2024

1,203,286

At 31 October 2023

1,203,286

Fair value at 31 October 2024 is represented by:

£

Valuation in 2022

122,658

Cost

1,080,628

1,203,286

Client has confirmed there is no changed in value of properties at year end 31st October 2024.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

20,000

20,000

Trade creditors

7,297

8,125

Taxation and social security

3,940

(1

)

Other creditors

120,557

153,531

151,794

181,655

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

894,753

904,057

Amounts falling due in more than five years:

Repayable by instalments

Loan -238 Fencepiece Road

328,350

328,350

104 Giles Road

549,158

549,159

Bounce Back Loan

17,245

26,548

894,753

904,057