IRIS Accounts Production v23.3.0.418 04166310 director 1.3.22 28.2.23 28.2.23 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041663102022-02-28041663102023-02-28041663102022-03-012023-02-28041663102021-02-28041663102021-03-012022-02-28041663102022-02-2804166310ns10:Originalns15:EnglandWales2022-03-012023-02-2804166310ns14:PoundSterlingns10:Original2022-03-012023-02-2804166310ns10:Originalns10:Director12022-03-012023-02-2804166310ns10:Original2022-03-012023-02-2804166310ns10:Original2023-02-2804166310ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2804166310ns10:Originalns10:SmallEntities2022-03-012023-02-2804166310ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2804166310ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2804166310ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2804166310ns10:Originalns10:FullAccounts2022-03-012023-02-2804166310ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2804166310ns10:Originalns10:OrdinaryShareClass22022-03-012023-02-2804166310ns10:OrdinaryShareClass3ns10:Original2022-03-012023-02-2804166310ns10:Originalns10:OrdinaryShareClass42022-03-012023-02-2804166310ns10:CompanySecretary1ns10:Original2022-03-012023-02-2804166310ns10:Originalns10:RegisteredOffice2022-03-012023-02-2804166310ns10:Original2022-02-2804166310ns10:Originalns5:CurrentFinancialInstruments2023-02-2804166310ns10:Originalns5:CurrentFinancialInstruments2022-02-2804166310ns10:Originalns5:Non-currentFinancialInstruments2023-02-2804166310ns10:Originalns5:Non-currentFinancialInstruments2022-02-2804166310ns5:ShareCapitalns10:Original2023-02-2804166310ns5:ShareCapitalns10:Original2022-02-2804166310ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2804166310ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2804166310ns10:Originalns5:MotorVehicles2022-03-012023-02-2804166310ns10:Originalns5:ComputerEquipment2022-03-012023-02-2804166310ns10:Original2021-03-012022-02-2804166310ns10:Originalns5:MotorVehicles2022-02-2804166310ns10:Originalns5:ComputerEquipment2022-02-2804166310ns10:Original2022-02-2804166310ns10:Originalns5:MotorVehicles2023-02-2804166310ns10:Originalns5:ComputerEquipment2023-02-2804166310ns10:Originalns5:MotorVehicles2022-02-2804166310ns10:Originalns5:ComputerEquipment2022-02-2804166310ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2804166310ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2804166310ns10:Originalns10:OrdinaryShareClass12023-02-2804166310ns10:Originalns10:OrdinaryShareClass22023-02-2804166310ns10:OrdinaryShareClass3ns10:Original2023-02-2804166310ns10:Originalns10:OrdinaryShareClass42023-02-28
REGISTERED NUMBER: 04166310 (England and Wales)















BEAUFORT PROPERTY DEVELOPMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAUFORT PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: R L Phillips





SECRETARY: F K Phillips





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 04166310 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645 860

CURRENT ASSETS
Stocks 129,204 259,716
Debtors 5 204,832 209,301
Cash at bank 33,788 -
367,824 469,017
CREDITORS
Amounts falling due within one year 6 305,718 419,808
NET CURRENT ASSETS 62,106 49,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,751

50,069

CREDITORS
Amounts falling due after more than one
year

7

23,212

32,500
NET ASSETS 39,539 17,569

CAPITAL AND RESERVES
Called up share capital 8 105 105
Retained earnings 39,434 17,464
SHAREHOLDERS' FUNDS 39,539 17,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th September 2023 and were signed by:





R L Phillips - Director


BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Beaufort Property Development 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.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2022
and 28th February 2023 12,000 1,141 13,141
DEPRECIATION
At 1st March 2022 11,890 391 12,281
Charge for year 28 187 215
At 28th February 2023 11,918 578 12,496
NET BOOK VALUE
At 28th February 2023 82 563 645
At 28th February 2022 110 750 860

BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 164 567
VAT 4,393 8,459
4,557 9,026

Amounts falling due after more than one year:
Other debtors 200,275 200,275

Aggregate amounts 204,832 209,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 53,871
Trade creditors 21,570 41,033
PAYE and CIS 4,305 10,762
Shareholder loan 6,000 6,000
Other creditors - 122
Credit card 10,787 18,483
Directors' current accounts 249,871 286,466
Accrued expenses 3,185 3,071
305,718 419,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
HSBC bounce back loan 23,212 32,500

BEAUFORT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 04166310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
1 B Ordinary £1 1 1
2 C Ordinary £1 2 2
2 D Ordinary £1 2 2
105 105

9. RELATED PARTY DISCLOSURES

At the year end there was an outstanding credit balance owing to the director R L Phillips of £249,871
2022: £286,466).