Company Registration No. 05718003 (England and Wales)
Beechholme Management Limited
Unaudited accounts
for the year ended 28 February 2023
Beechholme Management Limited
Unaudited accounts
Contents
Beechholme Management Limited
Company Information
for the year ended 28 February 2023
Directors
M B Woodhead
J Bell
Company Number
05718003 (England and Wales)
Registered Office
Landmark House
556 Leeds Road Outwood
Wakefield
West Yorkshire
WF1 2DX
Accountants
Smart Accounts & Tax Ltd
Bay Hall
Miln Road Birkby
Huddersfield
West Yorkshire
HD1 5EJ
Beechholme Management Limited
Statement of financial position
as at 28 February 2023
Tangible assets
499,227
499,227
Cash at bank and in hand
4,329
8,388
Creditors: amounts falling due within one year
(578,528)
(570,774)
Net current liabilities
(563,174)
(557,953)
Total assets less current liabilities
(36,947)
(31,726)
Creditors: amounts falling due after more than one year
(151,875)
(151,875)
Net liabilities
(188,822)
(183,601)
Called up share capital
100
100
Revaluation reserve
33,488
33,488
Profit and loss account
(222,410)
(217,189)
Shareholders' funds
(188,822)
(183,601)
For the year ending 28 February 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 17 November 2023 and were signed on its behalf by
M B Woodhead
Director
Company Registration No. 05718003
Beechholme Management Limited
Notes to the Accounts
for the year ended 28 February 2023
Beechholme Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05718003. The registered office is Landmark House, 556 Leeds Road Outwood, Wakefield, West Yorkshire, WF1 2DX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
After reviewing the company's current position and future forecasts, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
The accounts are presented in £ sterling.
Turnover represents rent receivable in the period. The total turnover of the company for the year has been derived from its principle activity wholly undertaken in the UK.
Tangible fixed assets and depreciation
The investment properties are revalued annually in accordance with the requirements of the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to investment
properties. No provision is made in these accounts for depreciation. In the opinion of the directors, this departure from the requirements of the Companies Act is required for the accounts to give a true and fair view. The surplus or deficit on the revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
Fixed asset investments are stated at cost less provision for diminution in value.
Beechholme Management Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings
At 28 February 2023
499,227
At 28 February 2023
499,227
At 28 February 2022
499,227
5
Investments
Other investments
Valuation at 1 March 2022
27,000
Valuation at 28 February 2023
27,000
Amounts falling due within one year
Other debtors
11,025
4,433
7
Creditors: amounts falling due within one year
2023
2022
Other creditors
577,578
570,024
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
151,875
151,875
Bank Loans and all other creditors are secured
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Beechholme Management Limited
Notes to the Accounts
for the year ended 28 February 2023
10
Transactions with related parties
The company paid a management charge to WTJ Insurance Brokers Limited of £3,000 (2022 - £3,000).
At the Year end the company owed £538,629.00 (2021 - £376,739.00) to WTJ Insurance Brokers Limited.
At the year end the company owed Nil (2022- £82,464) to WTJ Marine Limited, a company under the control of Mr M B Woodhead.
WTJ Marine Limited is a company under the control of MB Woodhead.
The company is under the control of Mr M B Woodhead by way of his majority shareholding.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).