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Company Registration No. 12038822 (England and Wales)
Beach Life Property Limited Unaudited accounts for the year ended 31 May 2023
Beach Life Property Limited Unaudited accounts Contents
Page
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Beach Life Property Limited Company Information for the year ended 31 May 2023
Directors
Meyrick James Gorzanski Julia Claire Gorzanski
Company Number
12038822 (England and Wales)
Registered Office
Hyland Hyde FORDINGBRIDGE Hampshire SP6 2QL United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Beach Life Property Limited Accountants' report
Accountants' report to the board of directors of Beach Life Property Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beach Life Property Limited for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Beach Life Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Beach Life Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beach Life Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Beach Life Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Beach Life Property Limited. You consider that Beach Life Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beach Life Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 8 November 2023
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Beach Life Property Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
2,404 
Investment property
574,999 
547,596 
575,000 
550,000 
Current assets
Debtors
2,340 
2,730 
Cash at bank and in hand
79,953 
54,026 
82,293 
56,756 
Creditors: amounts falling due within one year
(89,821)
(86,836)
Net current liabilities
(7,528)
(30,080)
Total assets less current liabilities
567,472 
519,920 
Creditors: amounts falling due after more than one year
(381,000)
(381,000)
Net assets
186,472 
138,920 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
118,993 
116,590 
Profit and loss account
67,379 
22,230 
Shareholders' funds
186,472 
138,920 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2023 and were signed on its behalf by
Meyrick James Gorzanski Director Company Registration No. 12038822
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Beach Life Property Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Beach Life Property Limited is a private company, limited by shares, registered in England and Wales, registration number 12038822. The registered office is Hyland, Hyde, FORDINGBRIDGE, Hampshire, SP6 2QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Beach Life Property Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
7,988 
At 31 May 2023
7,988 
Depreciation
At 1 June 2022
5,584 
Charge for the year
2,403 
At 31 May 2023
7,987 
Net book value
At 31 May 2023
1 
At 31 May 2022
2,404 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
547,596 
Net gain from fair value adjustments
27,403 
At 31 May 2023
574,999 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,340 
2,730 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,844 
5,730 
Other creditors
8,240 
6,630 
Loans from directors
75,182 
73,981 
Accruals
555 
495 
89,821 
86,836 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
381,000 
381,000 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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