REGISTERED NUMBER: |
BEEHIVE DEVELOPMENTS LIMITED |
Unaudited Financial Statements |
for the period |
1 August 2022 to 31 March 2023 |
REGISTERED NUMBER: |
BEEHIVE DEVELOPMENTS LIMITED |
Unaudited Financial Statements |
for the period |
1 August 2022 to 31 March 2023 |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Contents of the Financial Statements |
for the period 1 August 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BEEHIVE DEVELOPMENTS LIMITED |
Company Information |
for the period 1 August 2022 to 31 March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SOLICITORS: |
267 - 269 High Street |
Erdington |
Birmingham |
B23 6SR |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Balance Sheet |
31 March 2023 |
31/3/23 | 31/7/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Balance Sheet - continued |
31 March 2023 |
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 director and authorised for issue on |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Notes to the Financial Statements |
for the period 1 August 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Beehive Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company's balance sheet shows net current liabilities at the year-end. Included within creditors due within one year is an amount owing to another company under the control of the director and an amount owed to the director. A guarantee has been obtained from that company and the director that funds will not be requested until the company has returned to a solvent position Accordingly the director considers that along with the continued support of the company's bankers, the going concern basis of preparation is appropriate. |
Preparation of consolidated financial statements |
The financial statements contain information about Beehive Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents rents receivable during the accounting year, net of VAT. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is included within the accounts at its fair value at the balance sheet date. The director reviews the valuation at each year end and assesses whether any adjustment is required to amend the carrying value giving due consideration to known external market conditions and the directors experience in the area. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Notes to the Financial Statements - continued |
for the period 1 August 2022 to 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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 period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 July 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 July 2022 |
BEEHIVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06315615) |
Notes to the Financial Statements - continued |
for the period 1 August 2022 to 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2022 |
Additions |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 July 2022 |
The director does not believe that there is a material difference between the cost of the investment property and its fair value as at the balance sheet date. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/7/22 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/7/22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/3/23 | 31/7/22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans - after 5 years | 733,328 | 743,640 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/3/23 | 31/7/22 |
£ | £ |
Bank loans |