IRIS Accounts Production v23.3.0.418 06426055 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064260552022-03-31064260552023-03-31064260552022-04-012023-03-31064260552021-03-31064260552021-04-012022-03-31064260552022-03-3106426055ns10:Originalns15:EnglandWales2022-04-012023-03-3106426055ns14:PoundSterlingns10:Original2022-04-012023-03-3106426055ns10:Originalns10:Director12022-04-012023-03-3106426055ns10:Original2022-04-012023-03-3106426055ns10:Original2023-03-3106426055ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106426055ns10:Originalns10:SmallEntities2022-04-012023-03-3106426055ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106426055ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106426055ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106426055ns10:Originalns10:AbridgedAccounts2022-04-012023-03-3106426055ns10:Originalns10:Director22022-04-012023-03-3106426055ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106426055ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106426055ns10:Original2022-03-3106426055ns10:Originalns5:CurrentFinancialInstruments2023-03-3106426055ns10:Originalns5:CurrentFinancialInstruments2022-03-3106426055ns5:ShareCapitalns10:Original2023-03-3106426055ns5:ShareCapitalns10:Original2022-03-3106426055ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106426055ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106426055ns10:Original2021-04-012022-03-3106426055ns10:Original2022-03-31
REGISTERED NUMBER: 06426055 (England and Wales)












BEACH GROVE PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BEACH GROVE PROPERTIES LTD (REGISTERED NUMBER: 06426055)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BEACH GROVE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr T Taziker
Ms J E Taziker



SECRETARY: Mr T Taziker



REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



REGISTERED NUMBER: 06426055 (England and Wales)



ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: Barclays Bank plc
P O Box 144
1st Floor
57 Victoria Square
Bolton
BL1 1FH

BEACH GROVE PROPERTIES LTD (REGISTERED NUMBER: 06426055)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163 217
Investment property 5 820,000 900,000
820,163 900,217

CURRENT ASSETS
Debtors 614 274
Cash at bank 296,637 226,572
297,251 226,846
CREDITORS
Amounts falling due within one year 901,893 912,363
NET CURRENT LIABILITIES (604,642 ) (685,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,521

214,700

PROVISIONS FOR LIABILITIES 3,078 6,003
NET ASSETS 212,443 208,697

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,343 208,597
SHAREHOLDERS' FUNDS 212,443 208,697

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.

BEACH GROVE PROPERTIES LTD (REGISTERED NUMBER: 06426055)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Ms J E Taziker - Director


BEACH GROVE PROPERTIES LTD (REGISTERED NUMBER: 06426055)

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

1. STATUTORY INFORMATION

Beach Grove Properties Ltd 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents rent receivable and the value of legally completed sales of development properties. Where properties are acquired for their development potential, turnover and profit on sales are recognised upon legal completion.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

BEACH GROVE PROPERTIES LTD (REGISTERED NUMBER: 06426055)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 2,000
DEPRECIATION
At 1 April 2022 1,783
Charge for year 54
At 31 March 2023 1,837
NET BOOK VALUE
At 31 March 2023 163
At 31 March 2022 217

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 900,000
Disposals (80,000 )
At 31 March 2023 820,000
NET BOOK VALUE
At 31 March 2023 820,000
At 31 March 2022 900,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 28,150
Valuation in 2021 98,596
Valuation in 2022 35,189
Cost 658,065
820,000

6. ULTIMATE CONTROLLING PARTY

The company is considered to be controlled by the director and shareholder, Ms J E Taziker.