Registered number
04474156
Beeston Road Limited
Filleted Accounts
5 April 2023
ARA (Bristol) Limited t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
Beeston Road Limited
Registered number: 04474156
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 613,594 613,948
Current assets
Cash at bank and in hand 13,112 16,968
Creditors: amounts falling due within one year 3 (349,160) (390,998)
Net current liabilities (336,048) (374,030)
Net assets 277,546 239,918
Capital and reserves
Called up share capital 100 100
Profit and loss account 277,446 239,818
Shareholders' funds 277,546 239,918
Average number of employees - -
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.
W G Allen
Director
Approved by the board on 16 October 2023
Beeston Road Limited
Notes to the Accounts
for the year ended 5 April 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
The company does not depreciate freehold land and property as the policy of the company is
to keep the property in a good state of repair such that its value is greater than historical cost.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 6 April 2022 613,003 4,584 617,587
At 5 April 2023 613,003 4,584 617,587
Depreciation
At 6 April 2022 - 3,639 3,639
Charge for the year - 354 354
At 5 April 2023 - 3,993 3,993
Net book value
At 5 April 2023 613,003 591 613,594
At 5 April 2022 613,003 945 613,948
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,232 35,502
Corporation tax 8,909 17,160
Other taxes and social security costs 3,987 3,924
Other creditors 329,032 334,412
349,160 390,998
4 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 35,502 63,122
The loan is secured against the freehold property.
5 Loans to directors
Description and conditions B/fwd Paid in Repaid C/fwd
£ £ £ £
The Estate of W B Allen Deceased
This loan is interest free and there is no fixed date for repayment. 95,723 - - 95,723
W G Allen
This loan is interest free and there is no fixed date for repayment. 150,323 - - 150,323
246,046 - - 246,046
6 Related party transactions
Ossory Estates Ltd
Ossory Estates Limited is owned by The Estate of W B Allen Deceased, a 50% shareholder in Beeston Road Ltd. As at the balance sheet date, Beeston Road Ltd owes Ossory Estates Ltd £ 81,267. This loan is interest free and there is no fixed date for repayment.
7 Controlling party
The company is under the control of W G Allen by virtue of his shareholding along with those of his associated parties.
8 Other information
Beeston Road Limited is a private company limited by shares and incorporated in England. Its registered office is:
86 Shirehampton Road
Stoke Bishop
Bristol
BS9 2DR
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