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Registration number: 01601797

Beach Court (Weymouth) Limited

Annual Report and Unaudited Financial Statements Year Ended 24 June 2023

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Chartered Accountants

 

Beach Court (Weymouth) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Beach Court (Weymouth) Limited

Company Information

Directors

Mrs J M Harrison

Mr N C Wright

Mr T Hicks

Company secretary

Mrs K Hobbs

Registered office

Greenslade Taylor Hunt
9 Hammet Street
Taunton
TA1 1RZ

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Beach Court (Weymouth) Limitedfor the Year Ended 24 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beach Court (Weymouth) Limited for the year ended 24 June 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Beach Court (Weymouth) Limited, as a body, in accordance with the terms of our engagement letter dated 26 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of Beach Court (Weymouth) Limited and state those matters that we have agreed to state to the Board of Directors of Beach Court (Weymouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beach Court (Weymouth) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beach Court (Weymouth) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Beach Court (Weymouth) Limited. You consider that Beach Court (Weymouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Beach Court (Weymouth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High Street
Dorchester
Dorset
DT1 1HA

3 October 2023

 

Beach Court (Weymouth) Limited

(Registration number: 01601797)
Balance Sheet as at 24 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

414

414

Current assets

 

Debtors

5

4,116

4,403

Cash at bank and in hand

 

31,105

30,910

 

35,221

35,313

Creditors: Amounts falling due within one year

6

(2,857)

(2,257)

Net current assets

 

32,364

33,056

Net assets

 

32,778

33,470

Capital and reserves

 

Called up share capital

22

22

Major emergency fund

40,000

40,000

Retained earnings

(7,244)

(6,552)

Shareholders' funds

 

32,778

33,470

For the financial year ending 24 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 October 2023 and signed on its behalf by:
 



Mr N C Wright
Director

 

Beach Court (Weymouth) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Greenslade Taylor Hunt
9 Hammet Street
Taunton
TA1 1RZ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets other than freehold land are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Door entry system

20% Straight line basis

No depreciation is provided on the freehold of the flats which were acquired at £2 plus legal fees.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Beach Court (Weymouth) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2023

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 3 (2022 - 3).

 

Beach Court (Weymouth) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2023

4

Tangible assets

Freehold land and buildings
£

Door entry system
£

Total
£

Cost or valuation

At 25 June 2022

413

3,408

3,821

At 24 June 2023

413

3,408

3,821

Depreciation

At 25 June 2022

-

3,407

3,407

At 24 June 2023

-

3,407

3,407

Carrying amount

At 24 June 2023

413

1

414

At 24 June 2022

413

1

414

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,803

2,398

Prepayments

2,313

2,005

 

4,116

4,403

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

1,297

1,429

Accruals and deferred income

1,560

828

2,857

2,257