BVEST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Beach

SECRETARY:

Ms L Beach

REGISTERED OFFICE:

3 Grannys Lane

Perranporth

Cornwall

TR6 0HB

REGISTERED NUMBER:

07585377 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

1,049

1,399

Investments

5

-

-

Investment property

6

875,000

875,000

876,049

876,399

CURRENT ASSETS

Debtors

7

7,594

10,616

Investments

8

231,459

227,059

Cash at bank and in hand

65,671

48,251

304,724

285,926

CREDITORS

Amounts falling due within one year

9

82,007

55,169

NET CURRENT ASSETS

222,717

230,757

TOTAL ASSETS LESS CURRENT LIABILITIES

1,098,766

1,107,156

CREDITORS

Amounts falling due after more than one year

10

(553,491

)

(553,491

)

PROVISIONS FOR LIABILITIES

(74,150

)

(73,050

)

NET ASSETS

471,125

480,615

CAPITAL AND RESERVES

Called up share capital

100

100

Non-Distributable Reserves

12

280,015

276,716

Retained earnings

191,010

203,799

471,125

480,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th December 2025 and were signed by:

A Beach - Director

1.	STATUTORY INFORMATION

Bvest Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

4,687

2,326

7,013

DEPRECIATION

At 1st April 2024

4,033

1,581

5,614

Charge for year

164

186

350

At 31st March 2025

4,197

1,767

5,964

NET BOOK VALUE

At 31st March 2025

490

559

1,049

At 31st March 2024

654

745

1,399

5.	FIXED ASSET INVESTMENTS

The company owns 50% of the shares in Atelm Limited. This holding was gifted to the company by the director, Mr A Beach and as such no cost is attributed to the holding.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

875,000

NET BOOK VALUE

At 31st March 2025

875,000

At 31st March 2024

875,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2019

368,209

Valuation in 2021

25,000

Cost

481,791

875,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

7,594

10,616

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

231,459

227,059

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

993

-

Corporation tax

4,640

15,269

Other creditors

21,041

21,191

Directors' current accounts

51,353

14,480

Accruals and deferred income

3,980

4,229

82,007

55,169

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

553,491

553,491

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

553,491

553,491

11.	SECURED DEBTS

Loans and borrowings are secured by way of mortgage charges by the lender over the investment properties owned by the company.

12.

RESERVES

Non-Distribut

Reserves

£

At 1st April 2024

276,716

Revaluation Movement

3,299

At 31st March 2025

280,015