Karen Betts Holdings Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11802763 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Karen Betts Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms K Betts

REGISTERED OFFICE:

Nouveau House

Barnsley Road

South Elmsall

Pontefract

West Yorkshire

WF9 2HR

REGISTERED NUMBER:

11802763 (England and Wales)

FIXED ASSETS

Tangible assets

4

753,590

753,590

CURRENT ASSETS

Debtors

5

18,932

15,055

Cash at bank

181,710

87,831

200,642

102,886

CREDITORS

Amounts falling due within one year

6

1,146,014

1,141,291

NET CURRENT LIABILITIES

(945,372

)

(1,038,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(191,782

)

(284,815

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(191,783

)

(284,816

)

SHAREHOLDERS' FUNDS

(191,782

)

(284,815

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:

Ms K Betts - Director

1.	STATUTORY INFORMATION

Karen Betts Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

The residual value of the freehold property has been assessed by the directors as substantially equal to the current market value. Accordingly depreciation would be immaterial and has not been charged.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 July 2022

and 30 June 2023

753,590

NET BOOK VALUE

At 30 June 2023

753,590

At 30 June 2022

753,590

Cost or valuation at 30 June 2023 is represented by:

Land and

buildings

£

Valuation in 2019

(490,000

)

Cost

1,243,590

753,590

Freehold property was valued on an open market basis on 25 March 2019 by Walker Singleton Chartered Surveyors. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

13,185

13,729

Other debtors

5,747

1,326

18,932

15,055

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

4,654

-

Taxation and social security

29,900

28,937

Other creditors

1,111,460

1,112,354

1,146,014

1,141,291

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 July 2022

(284,816

)

Profit for the year

93,033

At 30 June 2023

(191,783

)