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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
Page
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Beechholme Management Limited Company Information for the year ended 28 February 2023
Directors
M B Woodhead J Bell
Secretary
S M Fitzpatrick
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
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Beechholme Management Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
499,227 
499,227 
Investments
27,000 
27,000 
526,227 
526,227 
Current assets
Debtors
11,025 
4,433 
Cash at bank and in hand
4,329 
8,388 
15,354 
12,821 
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)
Capital and reserves
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
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Beechholme Management Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Going concern
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
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Beechholme Management Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2022
499,227 
At 28 February 2023
499,227 
Depreciation
At 28 February 2023
- 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
11,025 
4,433 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
950 
750 
Other creditors
577,578 
570,024 
578,528 
570,774 
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
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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.
11
Controlling party
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).
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