Company registration number:
00933238
Betaorange Limited
Unaudited filleted financial statements
05 April 2019
BETAORANGE LIMITED
Contents
Statement of financial position
Notes to the financial statements
BETAORANGE LIMITED
STATEMENT OF FINANCIAL POSITION
5 APRIL 2019
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
5
|
1,239,539
|
|
|
|
1,240,046
|
|
|
Cash at bank and in hand
|
|
|
1,153
|
|
|
|
877
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
1,240,692
|
|
|
|
1,240,923
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
(
9,741)
|
|
|
|
(
8,412)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
1,230,951
|
|
|
|
1,232,511
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
1,230,951
|
|
|
|
1,232,511
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
1,230,951
|
|
|
|
1,232,511
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
30,450
|
|
|
|
30,450
|
Share premium account
|
|
7
|
|
|
179,739
|
|
|
|
179,739
|
Capital redemption reserve
|
|
7
|
|
|
32,011
|
|
|
|
32,011
|
Profit and loss account
|
|
7
|
|
|
988,751
|
|
|
|
990,311
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
1,230,951
|
|
|
|
1,232,511
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 05 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 June 2019
, and are signed on behalf of the board by:
Niall Hobhouse
Director
Company registration number:
00933238
BETAORANGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Shatwell Studios, Shatwelll Lane, Yarlington, Wincanton, BA9 8DL.
Principal activity
The principal activity of the company during the year was that of managing investments.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Other debtors
|
|
1,239,539
|
1,240,046
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Accruals and deferred income
|
|
1,200
|
1,324
|
|
Other creditors
|
|
8,541
|
7,088
|
|
|
|
_______
|
_______
|
|
|
|
9,741
|
8,412
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Reserves
Share premium account:This reserve records the amount above the nominal value received for shares sold, less transaction costs.Capital redemption reserve:This reserve records the nominal value of shares repurchased by the company.Profit and loss account:This reserve records retained earnings and accumulated losses.
8.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans to / (from) director at 6 April 2018
|
Loans to / (from) the director
|
Balance at 5 April 2019
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Director
|
(
7,088)
|
(
1,453)
|
(
8,541)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans to / (from) director at 6 April 2017
|
Loans to / (from) the director
|
Balance at 5 April 2018
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Director
|
(
7,075)
|
(
13)
|
(
7,088)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.
9.
Related party transactions
During the year the company operated inter company loan accounts with companies under common directorship and it's parent company. Loans are interest free and have no fixed repayment date.At 5 April 2019 amounts owed to the company by way of inter company loans were as follows:Companies under common directorship £210,728 (2018: £210,828)Parent company: £1,028,811 (2018: £1,028,925)
10.
Ultimate parent undertaking
The company is a wholly owned subsidiary of Alanna Properties Limited (a company registered in Jersey), which is wholly owned by the Budwin Conn 1975 Settlement. The Trustee of the Budwin Conn 1975 Settlement is Financial Consultants (Jersey) Ltd, who has ultimate control.