BESSEMER ESTATES LTD - Accounts to registrar (filleted) - small 23.2.5
BESSEMER ESTATES LTD - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| FOR |
| BESSEMER ESTATES LTD |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| BESSEMER ESTATES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 115 Craven Park Road |
| South Tottenham |
| London |
| N15 6BL |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| STATEMENT OF FINANCIAL POSITION |
| 24 MARCH 2023 |
| 24.3.23 | 24.3.22 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 24 MARCH 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| BESSEMER ESTATES LTD is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net rent receivable, excluding value added tax. |
| Investment property |
| Investment properties are properties held to earn rental income or for capital appreciation or for both. |
| Investment properties are recognised initially at cost. |
| Subsequent to initial recognition: |
| a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and |
| b. no depreciation is provided in respect of investment properties applying the fair value 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 25 March 2022 |
| and 24 March 2023 |
| NET BOOK VALUE |
| At 24 March 2023 |
| At 24 March 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.23 | 24.3.22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.23 | 24.3.22 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 24.3.23 | 24.3.22 |
| £ | £ |
| Bank loans (see note 9) |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 269,460 | 315,429 |
| Other loans more 5yrs instal | 34,167 | 43,333 |
| 303,627 | 358,762 |
| BESSEMER ESTATES LTD (REGISTERED NUMBER: 06376994) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 24 MARCH 2023 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 24.3.23 | 24.3.22 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 269,460 | 315,429 |
| Other loans more 5yrs instal | 34,167 | 43,333 |
| 303,627 | 358,762 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 24.3.23 | 24.3.22 |
| £ | £ |
| Bank loans |
| Other loans |
| 1. Bank loan is secured by a first charge over company's investment property and bear interest at variable rates. |
| 2. Under the bank loan, £34,167 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 24.3.23 | 24.3.22 |
| value: | £ | £ |
| Ordinary A | £1 | 2 | 2 |
| Ordinary B | £1 | 666,856 | 666,856 |
| 666,858 | 666,858 |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 25 March 2022 |
| Profit for the year |
| At 24 March 2023 |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A Nezri. |