Registration number:
Betaorange Limited
for the Year Ended 5 April 2025
Betaorange Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Betaorange Limited
(Registration number: 00933238)
Statement of Financial Position as at 5 April 2025
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2025 |
2024 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
30,450 |
30,450 |
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Share premium reserve |
179,739 |
179,739 |
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Capital redemption reserve |
32,011 |
32,011 |
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Profit and loss account |
983,472 |
984,661 |
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Shareholders' funds |
1,225,672 |
1,226,861 |
For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Betaorange Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is that of managing investments.
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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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Consolidation
Going concern
The financial statements have been prepared on a going concern basis.
Betaorange Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)
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Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Debtors |
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Note |
2025 |
2024 |
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Other debtors |
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Betaorange Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Reserves |
Share premium account:
This reserve records the amount above the nominal value received for shares sold, less transaction costs.
Capital redemption reserve:
This reserve records the nominal value of shares repurchased by the company.
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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Related party transactions |
During the year the company operated intercompany loan accounts with corporate participators. Loans are interest free and have no fixed repayment date,
At 5 April 2025 amounts owed to Betaorange Limited totalled £1,028,811 (2024: £1,028,811)
At 5 April 2025 amounts owed to directors by way of loan were £14,214 (2024: £13,142). Directors’ loans are repayable on demand and subject to interest on overdrawn balances at the official rate.
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Ultimate parent undertaking |
The company is a wholly owned subsidiary of Alanna Properties Limited (Registered Office: 2nd Floor International House, 41 The Parade, St Helier, Jersey JE2 3QQ), which is wholly owned by the Budwin Conn 1975 Settlement. The Trustee of the Budwin Conn 1975 Settlement is Financial Consultants (Jersey) Ltd, who has ultimate control.