1 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-01-24 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13868266 2022-01-24 2023-03-31 13868266 2023-03-31 13868266 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-24 2023-03-31 13868266 core:FurnitureFittingsToolsEquipment 2022-01-24 2023-03-31 13868266 bus:Director1 2022-01-24 2023-03-31 13868266 core:WithinOneYear 2023-03-31 13868266 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13868266 core:FurnitureFittingsToolsEquipment 2023-03-31 13868266 core:ShareCapital 2023-03-31 13868266 core:RetainedEarningsAccumulatedLosses 2023-03-31 13868266 bus:Director1 2023-03-31 13868266 bus:SmallEntities 2022-01-24 2023-03-31 13868266 bus:AuditExemptWithAccountantsReport 2022-01-24 2023-03-31 13868266 bus:FullAccounts 2022-01-24 2023-03-31 13868266 bus:SmallCompaniesRegimeForAccounts 2022-01-24 2023-03-31 13868266 bus:PrivateLimitedCompanyLtd 2022-01-24 2023-03-31
Company registration number: 13868266
Beach Hill Meadow Ltd
Unaudited filleted financial statements
31 March 2023
BEACH HILL MEADOW LTD
STATEMENT OF FINANCIAL POSITION
31 MARCH 2023
31/03/23
Note £ £
Fixed assets
Tangible assets 5 21,164
_______
21,164
Current assets
Debtors 6 105
Cash at bank and in hand 4,465
_______
4,570
Creditors: amounts falling due
within one year 7 ( 31,417)
_______
Net current liabilities ( 26,847)
_______
Total assets less current liabilities ( 5,683)
_______
Net liabilities ( 5,683)
_______
Capital and reserves
Called up share capital 2
Profit and loss account 8 ( 5,685)
_______
Shareholder deficit ( 5,683)
_______
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
M J Leaver
Director
Company registration number: 13868266
BEACH HILL MEADOW LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Church Park, East Portlemouth, Devon, TQ8 8PF.
Principal activity
The principal activity of the company is that of a camping farm.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 10 % straight line
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in 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 borrowing or current liabilities.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 24 January 2022 - - -
Additions 16,776 8,087 24,863
_______ _______ _______
At 31 March 2023 16,776 8,087 24,863
_______ _______ _______
Depreciation
At 24 January 2022 - - -
Charge for the year 1,677 2,022 3,699
_______ _______ _______
At 31 March 2023 1,677 2,022 3,699
_______ _______ _______
Carrying amount
At 31 March 2023 15,099 6,065 21,164
_______ _______ _______
6. Debtors
31/03/23
£
Other debtors 105
_______
7. Creditors: amounts falling due within one year
31/03/23
£
Accruals and deferred income 960
Other creditors 30,457
_______
31,417
_______
8. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
9. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/03/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Director - ( 30,457) ( 30,457)
_______ _______ _______