01 June 2017 31 May 2018 No principle activity is included 10163434 2017-06-01 10163434 2018-05-31 10163434 2017-06-01 2018-05-31 10163434 2017-05-31 10163434 2016-06-01 2017-05-31 10163434 uk-core:WithinOneYear 2018-05-31 10163434 uk-core:WithinOneYear 2017-05-31 10163434 uk-core:AfterOneYear 2018-05-31 10163434 uk-core:AfterOneYear 2017-05-31 10163434 uk-core:ShareCapital 2018-05-31 10163434 uk-core:ShareCapital 2017-05-31 10163434 uk-core:RevaluationReserve 2018-05-31 10163434 uk-core:RevaluationReserve 2017-05-31 10163434 uk-core:RetainedEarningsAccumulatedLosses 2018-05-31 10163434 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 10163434 uk-bus:Director1 2017-06-01 2018-05-31 10163434 uk-bus:RegisteredOffice 2017-06-01 2018-05-31 10163434 uk-curr:PoundSterling 2017-06-01 2018-05-31 10163434 uk-core:CurrentFinancialInstruments uk-core:ListedExchangeTraded 2018-05-31 10163434 uk-core:CurrentFinancialInstruments uk-core:ListedExchangeTraded 2017-05-31 10163434 uk-core:CurrentFinancialInstruments 2018-05-31 10163434 uk-core:CurrentFinancialInstruments 2017-05-31 10163434 uk-bus:FRS102 2017-06-01 2018-05-31 10163434 uk-bus:FullAccounts 2017-06-01 2018-05-31 10163434 uk-bus:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 10163434 uk-bus:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  FULL BEAM CAPITAL LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MAY 2018
   
   
   
   
   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  FULL BEAM CAPITAL LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MAY 2018
       
       
  DIRECTORS
       
  Anthony Fitzpatrick
  Elizabeth Fitzpatrick
       
       
  REGISTERED OFFICE
       
  21 Aylmer Parade
Aylmer Road
London
N2 0AT
       
       
  COMPANY REGISTERED NUMBER
       
  10163434
       
       
  BANKERS
       
  Coutts & Co
440 Strand
London
WC2R 0QS
       
       
  ACCOUNTANTS
       
  AMK Russell Marks Limited
  Chartered Accountants
  21 Aylmer Parade
Aylmer Road
London
N2 0AT
       
  page 1
  FULL BEAM CAPITAL LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MAY 2018
       
       
  CONTENTS
       
  Pages
       
       
  3 Statement of Financial Position  
       
       
  4-5 Notes to the Financial Statements  
       
     
  page 2
  FULL BEAM CAPITAL LIMITED
  Company registered number: 10163434
  STATEMENT OF FINANCIAL POSITION AT 31 May 2018
           
    Note 2018 2017
      £ £
  CURRENT ASSETS
  Financial assets 2 5,190,261 5,155,749
      5,190,261 5,155,749
  CREDITORS: Amounts falling due within one year 3 1,768 2,548
  NET CURRENT ASSETS   5,188,493 5,153,201
  TOTAL ASSETS LESS CURRENT LIABILITIES   5,188,493 5,153,201
           
  CREDITORS: Amounts falling due after more than one year 4 (4,867,960) (4,956,000)
  NET ASSETS   320,533 197,201
       
  CAPITAL AND RESERVES
  Called up share capital   2 2
  Revaluation reserve   241,253 168,790
  Retained earnings   79,278 28,409
  SHAREHOLDERS' FUNDS   320,533 197,201
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  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 on 06 November 2018
 
  Signed on behalf of the board of directors
 
 
       
  Anthony Fitzpatrick, Director
       
       
  The notes on pages 4-5 form part of these financial statements
   
  page 3
  FULL BEAM CAPITAL LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MAY 2018
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Full Beam Capital Limited is a private company limited by shares and incorporated in England and Wales.
         
  Registered office:
  21 Aylmer Parade
Aylmer Road
London
N2 0AT
         
  Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
  Corporation tax payable is provided on taxable profits at the current rate. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
1f. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
  The notes on pages 4-5 form part of these financial statements
   
  page 4
  FULL BEAM CAPITAL LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2018
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1h. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
       
       
2. FINANCIAL ASSETS 2018 2017
    £ £
  Listed investments 5,190,907 5,156,395
    5,190,907 5,156,395
   
       
       
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2018 2017
    £ £
  Corporation tax - 860
  Other creditors 328 248
  Accruals 1,440 1,440
    1,768 2,548
   
       
       
4. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2018 2017
    £ £
  Directors' loan account 4,867,960 4,956,000
    4,867,960 4,956,000
   
       
       
       
       
       
  The notes on pages 4-5 form part of these financial statements
   
  page 5