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Registration number: 00240104

B.T.E. LIMITED
Unaudited Filleted Financial Statements
for the Year Ended 5 April 2025

B.T.E. LIMITED

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 9

B.T.E. LIMITED

Company Information

Directors | Mr Oliver Joshua Jobling Mr David Lawrence Bennett Mr Alexander William Bennett

Registered office | York House 20 York Street Manchester M2 3BB

Accountants | UHY Williamson Croft Chartered Certified AccountantsWilliamson Croft Accountants Ltd York House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
B.T.E. LIMITED
for the Year Ended 5 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B.T.E. LIMITED for the year ended 5 April 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of B.T.E. LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of B.T.E. LIMITED and state those matters that we have agreed to state to the Board of Directors of B.T.E. LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B.T.E. LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B.T.E. LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of B.T.E. LIMITED. You consider that B.T.E. LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of B.T.E. LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
UHY Williamson Croft
Chartered Certified Accountants
Williamson Croft Accountants Ltd
York House
20 York Street
Manchester
M2 3BB

5 March 2026

B.T.E. LIMITED

(Registration number: 00240104)
Balance Sheet as at 5 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 5,515,162 | 5,515,162
Investments | 5 | 100 | 100
|  | 5,515,262 | 5,515,262
Current assets |  |  |
Debtors | 6 | 107,326 | 19,952
Cash at bank and in hand |  | 78,869 | 286,034
|  | 186,195 | 305,986
Creditors: Amounts falling due within one year | 7 | (399,626) | (668,474)
Net current liabilities |  | (213,431) | (362,488)
Total assets less current liabilities |  | 5,301,831 | 5,152,774
Creditors: Amounts falling due after more than one year | 7 | (40,922) | (29,114)
Net assets |  | 5,260,909 | 5,123,660
Capital and reserves |  |  |
Called up share capital | 8 | 29,537 | 29,537
Revaluation reserve |  | 3,768,031 | 3,768,031
Other reserves |  | 76,982 | 76,982
Retained earnings |  | 1,386,359 | 1,249,110
Shareholders' funds |  | 5,260,909 | 5,123,660

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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

B.T.E. LIMITED

(Registration number: 00240104)
Balance Sheet as at 5 April 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 5 March 2026 and signed on its behalf by:

......................................... Mr Alexander William Bennett Director

B.T.E. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
York House
20 York Street
Manchester
M2 3BB

These financial statements were authorised for issue by the Board on 5 March 2026.

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.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental income. 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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

B.T.E. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and Fittings | 10% reducing balance

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

B.T.E. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

B.T.E. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4 | Investment properties

| 2025 £
At 6 April | 5,515,162
At 5 April | 5,515,162

At the year end the director has valued investment properties held by the company at £5,515,162 (2024: £5,515,162). The valuation is based on market values of similar properties in the surrounding area.
If the investment properties had been accounted for under the historic cost accounting rules, the value would be £522,879 (2024: £522,879).

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

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 6 April 2024 | 100
Provision
Carrying amount
At 5 April 2025 | 100
At 5 April 2024 | 100

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 9 | 66,066 | -
Prepayments and accrued income |  | 41,260 | 19,952
|  | 107,326 | 19,952

B.T.E. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 10,417 | 10,157
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 301,955 | 483,933
Taxation and social security |  | 45,860 | 128,490
Accruals and deferred income |  | 2,286 | 6,786
Other creditors |  | 39,108 | 39,108
|  | 399,626 | 668,474

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 38,172 | 26,364
Other non-current financial liabilities |  | 2,750 | 2,750
|  | 40,922 | 29,114

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 29,537 | 29,537 | 29,537 | 29,537

9 | Related party transactions

The company has taken advantage of the exemption conferred by section 1A of FRS 102 not to disclose transactions with wholly owned members of the group headed by B.T.E Ltd.
At the balance sheet date there is an outstanding debtor due from R Bennett Investments Limited, an associated company of £66,066 (2024 - £137,069 outstanding creditor).