Betterphase Limited Filleted accounts for Companies House (small and micro)

Betterphase Limited Filleted accounts for Companies House (small and micro)

BETTERPHASE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02112575
Betterphase Limited
Filleted Unaudited Financial Statements
30 April 2021
Betterphase Limited
Statement of Financial Position
30 April 2021
2021
2020
Note
£
£
£
Current assets
Debtors
4
8,807,338
9,124,443
Cash at bank and in hand
15,655
35,768
------------
------------
8,822,993
9,160,211
Creditors: amounts falling due within one year
5
8,822,629
7,823,905
------------
------------
Net current assets
364
1,336,306
----
------------
Total assets less current liabilities
364
1,336,306
----
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
362
1,336,304
----
------------
Shareholders funds
364
1,336,306
----
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2021 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 July 2022 , and are signed on behalf of the board by:
Mrs D Feldman
Director
Company registration number: 02112575
Betterphase Limited
Notes to the Financial Statements
Year ended 30 April 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2021
2020
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
8,801,838
8,331,950
Other debtors
5,500
792,493
------------
------------
8,807,338
9,124,443
------------
------------
5. Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
8,218,474
7,218,474
Other creditors
604,155
605,431
------------
------------
8,822,629
7,823,905
------------
------------
6. Related party transactions
The ultimate parent company is Inremco 26 Limited, which is registered in England and Wales. The largest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The smallest group in which the results of the company are consolidated is that headed by Lofalcon Limited. The consolidated accounts of the group are available to the public at the company's registered office namely Hallswelle House, 1 Hallswelle Road, London NW11 0DH. The company has taken advantage of the exemption in Financial Reporting Standard No 8 from disclosing transactions with related parties that are part of the Inremco 26 Limited group and investees of that group.
7. Controlling party
The ultimate holding company is Inremco 26 Ltd, a company incorporated in United Kingdom.