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REGISTERED NUMBER: 11845998 (England and Wales)













BEYNON ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

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


BEYNON ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S P Beynon
Miss A Beynon





REGISTERED OFFICE: Tudor House
16 Cathedral Raod
Cardiff
Cardiff
CF11 9LJ





REGISTERED NUMBER: 11845998 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 563,837 187,273

CURRENT ASSETS
Stocks - 3,691
Debtors 5 2,078 2,947
Cash at bank 2,905 11,696
4,983 18,334
CREDITORS
Amounts falling due within one year 6 508,759 145,414
NET CURRENT LIABILITIES (503,776 ) (127,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,061 60,193

CREDITORS
Amounts falling due after more than one
year

7

69,739

72,618
NET LIABILITIES (9,678 ) (12,425 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,778 ) (12,525 )
SHAREHOLDERS' FUNDS (9,678 ) (12,425 )

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 directors acknowledge their 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.

BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr S P Beynon - Director


BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Beynon Estates 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.

Significant judgements and estimates
The valuation of the company's freehold investment properties.

Turnover
Turnover comprises rent receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

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.

BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Property maintenance costs
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred. It is the opinion of the board that the nature of the company's property ownership is such that any appreciation in value is due to the passage of time rather than intent to improve as policy and is as such reflected through the revaluation reserve.

Covid - 19
The COVID-19 pandemic has had a significant negative impact on the UK economy. Given the rapidly evolving nature of the situation and lockdowns it is difficult to quantify the impact of Covid-19, the directors recognise that in the longer term its effect may be more significant. At this point in time any long-term effect on the company is unknown, but the directors remain confident of the financial position of the company. The company has benefitted from changes in working practises and has increased retail sale and home deliveries. The directors believe that the company has sufficient and is generating additional reserves and cash to withstand any further economic downturns created by the pandemic and are confident that it is correct to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2022 187,273
Additions 376,564
At 31 March 2023 563,837
NET BOOK VALUE
At 31 March 2023 563,837
At 31 March 2022 187,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amount due from a related party 2,078 2,078
Other debtors - 869
2,078 2,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other creditors 508,759 145,414

BEYNON ESTATES LIMITED (REGISTERED NUMBER: 11845998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 9,739 12,618
Other creditors 60,000 60,000
69,739 72,618

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Debentures 60,000 60,000

The debenture loan is secured on one of the company's investment properties.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £114,940 (2021 £188,816) due to the directors which is interest free, unsecured and with no specific terms for repayment.

10. RELATED PARTY DISCLOSURES

Included in debtors amounts falling due within one year is £2,078 due from a company under the common control of the directors. The amount due is interest free, unsecured and with no specific terms for repayment.