Registered number
08381638
Beckley Property Limited
Filleted Accounts
31 January 2023
Beckley Property Limited
Registered number: 08381638
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,019,500 5,019,500
Current assets
Debtors 5 1,154 -
Cash at bank and in hand 6,583 7,799
7,737 7,799
Creditors: amounts falling due within one year 6 (1,699) (1,850)
Net current assets 6,038 5,949
Total assets less current liabilities 5,025,538 5,025,449
Creditors: amounts falling due after more than one year 7 (1,756,779) (1,666,779)
Provisions for liabilities (437,665) (437,665)
Net assets 2,831,094 2,921,005
Capital and reserves
Called up share capital 51 51
Share premium 1,010,678 1,010,678
Profit and loss account 1,820,365 1,910,276
Shareholders' funds 2,831,094 2,921,005
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Kerr
Director
Approved by the board on 30 October 2023
Beckley Property Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at market value.
Freehold buildings N/A
Leasehold land and buildings N/A
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 5,019,500
At 31 January 2023 5,019,500
Depreciation
At 31 January 2023 -
Net book value
At 31 January 2023 5,019,500
At 31 January 2022 5,019,500
The fair value of the property at 31 January 2021 has been arrived at on the basis of valuations carried out by Jakes.
4 Taxation losses
Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade of approximately £14,000.
5 Debtors 2023 2022
£ £
Other debtors 1,154 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 776
Other creditors 1,699 1,074
1,699 1,850
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,666,779 1,666,779
Other creditors 90,000 -
1,756,779 1,666,779
8 Other information
Beckley Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O 4.Pembroke walk
London
England
W8 6PQ
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