Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-04-012truetrue 04718096 2022-04-01 2023-03-31 04718096 2021-04-01 2022-03-31 04718096 2023-03-31 04718096 2022-03-31 04718096 c:Director1 2022-04-01 2023-03-31 04718096 d:FurnitureFittings 2022-04-01 2023-03-31 04718096 d:FurnitureFittings 2023-03-31 04718096 d:FurnitureFittings 2022-03-31 04718096 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04718096 d:CurrentFinancialInstruments 2023-03-31 04718096 d:CurrentFinancialInstruments 2022-03-31 04718096 d:Non-currentFinancialInstruments 2023-03-31 04718096 d:Non-currentFinancialInstruments 2022-03-31 04718096 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04718096 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04718096 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04718096 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04718096 d:ShareCapital 2023-03-31 04718096 d:ShareCapital 2022-03-31 04718096 d:RetainedEarningsAccumulatedLosses 2023-03-31 04718096 d:RetainedEarningsAccumulatedLosses 2022-03-31 04718096 c:FRS102 2022-04-01 2023-03-31 04718096 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04718096 c:FullAccounts 2022-04-01 2023-03-31 04718096 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04718096 2 2022-04-01 2023-03-31 04718096 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04718096









BEACH PROPERTIES MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BEACH PROPERTIES MANAGEMENT LIMITED
REGISTERED NUMBER: 04718096

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,347
2,145

  
2,347
2,145

Current assets
  

Debtors: amounts falling due within one year
 5 
182,801
205,460

Cash at bank and in hand
 6 
248,152
201,597

  
430,953
407,057

Creditors: amounts falling due within one year
 7 
(1,457,018)
(1,389,077)

Net current liabilities
  
 
 
(1,026,065)
 
 
(982,020)

Total assets less current liabilities
  
(1,023,718)
(979,875)

Creditors: amounts falling due after more than one year
 8 
(23,274)
(33,205)

  

Net liabilities
  
(1,046,992)
(1,013,080)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,047,092)
(1,013,180)

  
(1,046,992)
(1,013,080)


Page 1

 
BEACH PROPERTIES MANAGEMENT LIMITED
REGISTERED NUMBER: 04718096
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Lerner
Director

Date: 26 January 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BEACH PROPERTIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Beach Properties Management Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurances from its beneficial owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis..

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BEACH PROPERTIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BEACH PROPERTIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2023
2022
£
£

Wages and salaries
21,111
21,092

Social security costs
1,746
1,693

Cost of defined contribution scheme
961
1,190

23,818
23,975


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
33,256


Additions
825



At 31 March 2023

34,081



Depreciation


At 1 April 2022
31,112


Charge for the year on owned assets
622



At 31 March 2023

31,734



Net book value



At 31 March 2023
2,347



At 31 March 2022
2,145

Page 5

 
BEACH PROPERTIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
182,801
205,460

182,801
205,460



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
248,152
201,597

248,152
201,597



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,932
9,687

Other taxation and social security
1,280
462

Other creditors
1,442,090
1,374,612

Accruals and deferred income
3,716
4,316

1,457,018
1,389,077



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,274
33,205

23,274
33,205


 
Page 6