Registered number
12228425
Beyond2 Ltd
Unaudited Filleted Accounts
30 September 2023
Beyond2 Ltd
Registered number: 12228425
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 4 3,911,082 3,585,083
Current assets
Debtors 5 29,650 10,447
Cash at bank and in hand 13,451 6,690
43,101 17,137
Creditors: amounts falling due within one year 6 (397,481) (675,300)
Net current liabilities (354,380) (658,163)
Total assets less current liabilities 3,556,702 2,926,920
Creditors: amounts falling due after more than one year 7 (2,837,875) (2,332,774)
Provisions for liabilities (122,367) (92,988)
Net assets 596,460 501,158
Capital and reserves
Called up share capital 12 10
Fair value reserve 9 367,273 396,651
Profit and loss account 229,175 104,497
Shareholders' funds 596,460 501,158
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.
Mr S R Lazenby
Director
Approved by the board on 15/04/2024.
Beyond2 Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Statutory information
Beyond2 Ltd is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:
Registered number: 12228425
Registered office: 4 Rose Bank
Burley In Wharfedale
Ilkley
LS29 7PQ
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.
2 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover represents rents received and receivable, excluding VAT.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
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.
2 Accounting policies (continued)
Taxation (continued)
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.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Investment property
Total
£
Fair value
At 1 October 2022 3,585,083
Additions 325,999
At 30 September 2023 3,911,082
Historical cost
At 1 October 2022 3,095,443
At 30 September 2023 3,421,442
The investment property was valued on an open market basis on 30 September 2023 by the
directors.
5 Debtors 2023 2022
£ £
Trade debtors 10,939 1,147
Other debtors 18,711 9,300
29,650 10,447
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,998 326,507
Trade creditors 5,040 32,862
Directors' current account 287,174 265,804
Accruals and deferred income 44,513 16,315
Taxation and social security costs 38,856 24,512
Other creditors 10,900 9,300
397,481 675,300
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,837,875 2,332,774
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 2,685,635 2,169,126
Secured bank loans 2,821,255 2,621,234
Bank loans are secured over the properties to which they relate.
9 Fair value reserve 2023 2022
£ £
At 1 October 2022 396,651 264,292
Reserve transfer (29,378) 132,359
At 30 September 2023 367,273 396,651
10 Related party transactions
During the year £51,200 (2022: £105,873) was advanced from and £29,830 (2022: £146,861) was repaid to the directors. An amount of £287,174 (2022: £265,804) remained due to the directors at the year end.
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