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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
3,062,823
904,180
1,053,183
129,042
2,784,778
2,784,778
3,062,823
xbrli:pure
xbrli:shares
iso4217:GBP
09506969
2022-04-01
2023-03-31
09506969
2023-03-31
09506969
2022-03-31
09506969
2021-04-01
2022-03-31
09506969
2022-03-31
09506969
2021-03-31
09506969
bus:Director1
2022-04-01
2023-03-31
09506969
core:WithinOneYear
2023-03-31
09506969
core:WithinOneYear
2022-03-31
09506969
core:ShareCapital
2023-03-31
09506969
core:ShareCapital
2022-03-31
09506969
core:RetainedEarningsAccumulatedLosses
2023-03-31
09506969
core:RetainedEarningsAccumulatedLosses
2022-03-31
09506969
core:CostValuation
core:Non-currentFinancialInstruments
2022-03-31
09506969
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-03-31
09506969
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2023-03-31
09506969
core:Non-currentFinancialInstruments
core:RevaluationsIncreaseDecreaseInInvestments
2023-03-31
09506969
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-31
09506969
core:Non-currentFinancialInstruments
2023-03-31
09506969
core:Non-currentFinancialInstruments
2022-03-31
09506969
bus:SmallEntities
2022-04-01
2023-03-31
09506969
bus:AuditExempt-NoAccountantsReport
2022-04-01
2023-03-31
09506969
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
09506969
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
09506969
bus:FullAccounts
2022-04-01
2023-03-31
COMPANY REGISTRATION NUMBER:
09506969
A J Betteridge Investments Limited |
|
Filleted Unaudited Financial Statements |
|
A J Betteridge Investments Limited |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Investments |
3 |
|
2,784,778 |
3,062,823 |
|
|
|
|
|
Current assets
Debtors |
4 |
8,016 |
|
550,085 |
Cash at bank and in hand |
226,450 |
|
109,459 |
|
--------- |
|
--------- |
|
234,466 |
|
659,544 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
2,388,186 |
|
2,913,080 |
|
------------ |
|
------------ |
Net current liabilities |
|
2,153,720 |
2,253,536 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
631,058 |
809,287 |
|
|
--------- |
--------- |
Net assets |
|
631,058 |
809,287 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
631,057 |
809,286 |
|
|
--------- |
--------- |
Shareholders funds |
|
631,058 |
809,287 |
|
|
--------- |
--------- |
|
|
|
|
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 31 March 2023 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
A J Betteridge Investments Limited |
|
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
8 December 2023
, and are signed on behalf of the board by:
Mr A J Betteridge |
|
Director |
|
|
|
Company registration number:
09506969
A J Betteridge Investments Limited |
|
Year ended 31 March 2023
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.
Revenue recognition
Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
A J Betteridge Investments Limited |
|
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, England.
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.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 April 2022 |
3,062,823 |
Additions |
904,180 |
Disposals |
(
1,053,183) |
Revaluations |
(
129,042) |
|
------------ |
At 31 March 2023 |
2,784,778 |
|
------------ |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
------------ |
|
|
Carrying amount |
|
At 31 March 2023 |
2,784,778 |
|
------------ |
At 31 March 2022 |
3,062,823 |
|
------------ |
|
|
4.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
8,016 |
550,085 |
|
------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
1,420,599 |
1,392,601 |
Corporation tax |
2,424 |
7,098 |
Other creditors |
965,163 |
1,513,381 |
|
------------ |
------------ |
|
2,388,186 |
2,913,080 |
|
------------ |
------------ |
|
|
|
6.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss |
2,799,738 |
3,062,823 |
|
------------ |
------------ |
|
|
|
7.
Directors' advances, credit and guarantees
The company was under the control of
Mr A J Betteridge
throughout the current and previous year. Mr A J Betteridge
is the managing director and majority shareholder. Mr A J Betteridge
has provided a loan to the company totalling £956,283 (2022: £1,506,283) on interest free and unsecured terms which is repayable on demand.