Company No: 08810082 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	996		1,245
		996		1,245
Current assets
Cash at bank and in hand		82		74
		82		74
Creditors: amounts falling due within one year	4	( 11,127)		( 9,597)
Net current liabilities		(11,045)		(9,523)
Total assets less current liabilities		(10,049)		(8,278)
Net liabilities		( 10,049)		( 8,278)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 10,149 )		( 8,378 )
Total shareholders' deficit		( 10,049)		( 8,278)

For the financial year ending 31 December 2023 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of BethAri Limited (registered number: 08810082) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Dr E R Madichie Director

02 April 2024

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BethAri Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2023	3,323		3,323
At 31 December 2023	3,323		3,323
Accumulated depreciation
At 01 January 2023	2,078		2,078
Charge for the financial year	249		249
At 31 December 2023	2,327		2,327
Net book value
At 31 December 2023	996		996
At 31 December 2022	1,245		1,245

4. Creditors: amounts falling due within one year

	2023		2022
	£		£
Other creditors	11,127		9,597

5. Related party transactions

At the year end the company owed the directors £10,578 (2022 - £9,069). The loan is interest free and repayable on demand.