Bessingham Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03697565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

BESSINGHAM LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

523

697

Investment property

5

5,162,500

5,110,500

5,163,023

5,111,197

CURRENT ASSETS

Debtors

6

17,214

25,791

Cash at bank and in hand

86,149

76,881

103,363

102,672

CREDITORS

Amounts falling due within one year

7

62,986

93,971

NET CURRENT ASSETS

40,377

8,701

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,203,400

5,119,898

CREDITORS

Amounts falling due after more than one
year

8

(2,635

)

(20,248

)

PROVISIONS FOR LIABILITIES

9

(1,103,856

)

(1,090,856

)

NET ASSETS

4,096,909

4,008,794

CAPITAL AND RESERVES

Called up share capital

10

380

Fair value reserve

11

3,684,256

3,604,589

Retained earnings

412,273

403,825

SHAREHOLDERS' FUNDS

4,096,909

4,008,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 January 2026 and were signed on its behalf by:

J R Rignell - Director

1.	STATUTORY INFORMATION

Bessingham Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03697565

Registered office:

15 West Street

Brighton

East Sussex

BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents rental income, and 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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Basic financial liabilities, including bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2024

and 30 June 2025

8,063

DEPRECIATION

At 1 July 2024

7,366

Charge for year

174

At 30 June 2025

7,540

NET BOOK VALUE

At 30 June 2025

523

At 30 June 2024

697

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

5,110,500

Revaluations

52,000

At 30 June 2025

5,162,500

NET BOOK VALUE

At 30 June 2025

5,162,500

At 30 June 2024

5,110,500

If investment properties had not been revalued, they would have been included at the historical cost £458,962 (2024: £458,962).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

952

152

Prepayments and accrued income

16,262

25,639

17,214

25,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans

5,158

4,992

Trade creditors

45

36,469

Tax

15,233

2,315

Social security and other taxes

83

Other creditors

12,251

18,502

Directors' current accounts

19,151

23,051

Accruals and deferred income

11,065

8,559

62,986

93,971

Other creditors totalling £12,000 represents an interest free loan made to the company by a related party. The loan is interest free and is to be repaid in monthly instalments, ending February 2026.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

2,635

4,992

Bank loans - 2-5 years

-

3,256

Other creditors

-

12,000

2,635

20,248

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

1,103,856

1,090,856

Deferred

tax

£

Balance at 1 July 2024

1,090,856

Deferred Tax Movement

13,000

Balance at 30 June 2025

1,103,856

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

50

Ordinary shares 1

£1

150

Ordinary shares 2

£1

50

180

Ordinary A shares

£1

180

380

11.

RESERVES

Fair

value

reserve

£

At 1 July 2024

3,604,589

No description

79,667

At 30 June 2025

3,684,256