Registration number: SC798680

Bevara Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Bevara Ltd

(Registration number: SC798680)
Statement of Financial Position as at 28 February 2025

	Note	2025 £
Fixed assets
Investment property	4	150,000
Current assets
Debtors	5	930
Cash at bank and in hand		4,856
		5,786
Creditors: Amounts falling due within one year	6	(26,916)
Net current liabilities		(21,130)
Total assets less current liabilities		128,870
Creditors: Amounts falling due after more than one year	6	(113,906)
Provisions for liabilities		(7,493)
Net assets		7,471
Capital and reserves
Called up share capital		10
Retained earnings	7	7,461
Shareholders' funds		7,471

For the financial period ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 10 November 2025
 

Bevara Ltd

(Registration number: SC798680)
Statement of Financial Position as at 28 February 2025

......................................... Sidhi Kelleher Director

Bevara Ltd

Notes to the Unaudited Financial Statements for the Period from 12 February 2024 to 28 February 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

These financial statements were authorised for issue by the director on 10 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bevara Ltd

Notes to the Unaudited Financial Statements for the Period from 12 February 2024 to 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 0.

Bevara Ltd

Notes to the Unaudited Financial Statements for the Period from 12 February 2024 to 28 February 2025

4	Investment properties

	2025 £
Additions	110,563
Fair value adjustments	39,437
At 28 February	150,000

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	2025 £
Other debtors	930
	930

Bevara Ltd

Notes to the Unaudited Financial Statements for the Period from 12 February 2024 to 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Trade creditors	34
Accruals and deferred income	1,236
Other creditors	25,646
	26,916

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	8	113,906

7

Reserves

	2025
	£
Profit and loss - distributable reserve	(24,483)
Revaluation of investment property - non-distributable reserve	39,437
Deferred tax - non-distributable reserve	(7,493)
	7,461

8	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	113,906