Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11113735 2021-01-01 2021-12-31 11113735 2020-01-01 2020-12-31 11113735 2021-12-31 11113735 2020-12-31 11113735 2020-01-01 11113735 c:Director1 2021-01-01 2021-12-31 11113735 d:CurrentFinancialInstruments 2021-12-31 11113735 d:CurrentFinancialInstruments 2020-12-31 11113735 d:Non-currentFinancialInstruments 2021-12-31 11113735 d:Non-currentFinancialInstruments 2020-12-31 11113735 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11113735 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11113735 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11113735 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 11113735 d:ShareCapital 2021-12-31 11113735 d:ShareCapital 2020-12-31 11113735 d:ShareCapital 2020-01-01 11113735 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2021-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2020-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2020-01-01 11113735 c:OrdinaryShareClass1 2021-01-01 2021-12-31 11113735 c:OrdinaryShareClass1 2021-12-31 11113735 c:OrdinaryShareClass1 2020-12-31 11113735 c:FRS102 2021-01-01 2021-12-31 11113735 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11113735 c:FullAccounts 2021-01-01 2021-12-31 11113735 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11113735 d:Subsidiary1 2021-01-01 2021-12-31 11113735 d:Subsidiary1 1 2021-01-01 2021-12-31 11113735 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number:  11113735














BEERS TIMBER HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


 
BEERS TIMBER HOLDINGS LIMITED
REGISTERED NUMBER: 11113735

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
1,015,127
1,015,127

  
1,015,127
1,015,127

Current assets
  

Debtors: amounts falling due within one year
 5 
248,545
333,796

Cash at bank and in hand
 6 
14,324
28,095

  
262,869
361,891

Creditors: amounts falling due within one year
 7 
(226,761)
(245,039)

Net current assets
  
 
 
36,108
 
 
116,852

Total assets less current liabilities
  
1,051,235
1,131,979

Creditors: amounts falling due after more than one year
 8 
(774,686)
(971,762)

  

Net assets
  
276,549
160,217


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
276,449
160,117

  
276,549
160,217


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.



 
Page 1

 
BEERS TIMBER HOLDINGS LIMITED
REGISTERED NUMBER: 11113735
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2022.


M J T Beer
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
BEERS TIMBER HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2021
100
160,117
160,217



Profit for the year
-
116,332
116,332


At 31 December 2021
100
276,449
276,549


The notes on pages 4 to 8 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2020
100
91,526
91,626


Comprehensive income for the year

Profit for the year
-
68,591
68,591


At 31 December 2020
100
160,117
160,217


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Beers Timber Holdings Limited is a private company limited by shares, registered in the United Kingdom. The company number is 11113735. Its registered office is Windrush 15 Links Hey Road, Caldy, Wirral, CH48 1NA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2021
        2020
            No.
            No.







Directors
2
2


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
1,015,127



At 31 December 2021
1,015,127





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Tonge Bridge Timber Sales (UK) Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2021 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Tonge Bridge Timber Sales (UK) Limited
2,012,189
1,139,721

Page 6

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
248,545
333,796

248,545
333,796



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
14,324
28,095

14,324
28,095



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
192,473
194,532

Amounts owed to associates
-
15,038

Corporation tax
27,288
13,088

Other taxation and social security
5,000
18,381

Accruals
2,000
4,000

226,761
245,039


Bank loans are secured upon the asset to which they relate.


8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
304,686
501,762

Amounts owed to associates
470,000
470,000

774,686
971,762


Bank loans are secured upon the asset to which they relate.

Page 7

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
192,472
194,531

Amounts falling due 1-2 years

Bank loans
200,436
198,035

Amounts falling due 2-5 years

Bank loans
104,250
303,727


497,158
696,293



10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within debtors is an amount of £248,545 (2020: £248,545) owed from a related party.  Included within creditors is an amount of £470,000 (2020: £485,038) owed to related parties.
During the year the company charged a management fee of £156,829 (2020: £76,866) to its subsidiary.
All transactions are at an arms length basis.


12.


Ultimate controlling party

The company is controlled by the directors

 
Page 8