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REGISTERED NUMBER: 10660746 (England and Wales)















Beacon Rock Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Beacon Rock Limited (Registered number: 10660746)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beacon Rock Limited

Company Information
for the year ended 31 March 2023







Director: M L Davis





Registered office: 54 Jermyn Street
7th Floor
London
SW1Y 6LX





Registered number: 10660746 (England and Wales)






Beacon Rock Limited (Registered number: 10660746)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 233,951 1,161,758
Investments 5 1,594,415 -
1,828,366 1,161,758

Current assets
Debtors 6 543,073 280,586
Cash at bank 5,963,816 4,620,832
6,506,889 4,901,418
Creditors
Amounts falling due within one year 7 730,824 1,622,725
Net current assets 5,776,065 3,278,693
Total assets less current liabilities 7,604,431 4,440,451

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 7,604,331 4,440,351
Shareholders' funds 7,604,431 4,440,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Beacon Rock Limited (Registered number: 10660746)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





M L Davis - Director


Beacon Rock Limited (Registered number: 10660746)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Beacon Rock Limited ("The Company") is a private company limited by shares, incorporated and domiciled in England and Wales under the Companies Act 2006. The address of the registered office is given in the Company information page and the nature of the Company's operations and its principle activities are set out in the Directors Report.

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.

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102, the financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006

The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the Company's accounting policies.

Going Concern

The financial statements have been prepared on a going concern basis.

The Company is supported by its director, who is also the main creditor and a shareholder. The director has confirmed that he will continue to support the Company for a period of at least 12 months from the date of approval of these financial statements.

After making enquiries and taking into account all available information, the director has formed the judgement that the Company has adequate resources to continue in operational existence for the foreseeable future, a period of at least 12 month from the date of approving these financial statements.

On this basis, the director considers that it is appropriate to prepare the financial statements on the going concern basis.

The following principal accounting policies have been applied:

Turnover
Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Beacon Rock Limited (Registered number: 10660746)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight line method.

The estimated useful lives range are as follows:

Fixtures and fitting - Over the term of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements, as either financial assets, financial liabilities or equity investments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

The Company's cash at bank and in hand, other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method

Foreign currencies
Foreign currency transactions are translated at the rates when they occur. Foreign currency monetary assets and liabilities are translated at teh rates ruling at the balance sheet dates. Any differences are taken to the Statement if Comprehensive Income.

Pension costs
Contributions to the Company's defined contribution pension scheme are charged to the Statement of Comprehensive Income in the period in which they become payable. The assets of the scheme are held separately from those of the Company in an independently administered fund.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 3 ) .

Beacon Rock Limited (Registered number: 10660746)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
Cost
At 1 April 2022 197,591 - 6,573 204,164
Additions 312,646 13,448 92,366 418,460
At 31 March 2023 510,237 13,448 98,939 622,624
Depreciation
At 1 April 2022 362,345 - 822 363,167
Charge for year 20,404 887 4,215 25,506
At 31 March 2023 382,749 887 5,037 388,673
Net book value
At 31 March 2023 127,488 12,561 93,902 233,951
At 31 March 2022 (164,754 ) - 5,751 (159,003 )

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£ £
No description 1,594,415 -

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 42,019
Other debtors 358,061 100
VAT 20,376 161,681
Prepayments 164,636 76,786
543,073 280,586

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 60,687 57,634
Tax 670,137 860,626
Social security and other taxes - 4,465
Directors' loan accounts - 700,000
730,824 1,622,725

Beacon Rock Limited (Registered number: 10660746)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 1 April 2022 4,440,351
Profit for the year 3,163,980
At 31 March 2023 7,604,331