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REGISTERED NUMBER: 06315615 (England and Wales)















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: C Wilson



REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW



REGISTERED NUMBER: 06315615 (England and Wales)



SOLICITORS: England Stickland & Neale
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 1,794 2,003
Investments 5 120,100 120,100
Investment property 6 1,719,796 1,713,702
1,841,690 1,835,805

CURRENT ASSETS
Stocks 50,980 50,980
Debtors 7 208,203 228,180
Cash at bank 13,285 30,697
272,468 309,857
CREDITORS
Amounts falling due within one year 8 728,828 787,303
NET CURRENT LIABILITIES (456,360 ) (477,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,330

1,358,359

CREDITORS
Amounts falling due after more than one year 9 796,264 806,576
NET ASSETS 589,066 551,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 588,966 551,683
SHAREHOLDERS' FUNDS 589,066 551,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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


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

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 24 November 2023 and were signed by:





C Wilson - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 17,262
DEPRECIATION
At 1 August 2022 15,259
Charge for period 209
At 31 March 2023 15,468
NET BOOK VALUE
At 31 March 2023 1,794
At 31 July 2022 2,003

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 March 2023 120,100
NET BOOK VALUE
At 31 March 2023 120,100
At 31 July 2022 120,100

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 1,713,702
Additions 6,094
At 31 March 2023 1,719,796
NET BOOK VALUE
At 31 March 2023 1,719,796
At 31 July 2022 1,713,702

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 58,162 21,862
Other debtors 150,041 206,318
208,203 228,180

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/7/22
£    £   
Bank loans and overdrafts 15,734 15,734
Trade creditors 135,482 91,119
Amounts owed to group undertakings 291,355 384,316
Taxation and social security 47,093 40,156
Other creditors 239,164 255,978
728,828 787,303

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/7/22
£    £   
Bank loans 796,264 806,576

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 811,998 822,310