Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30ABC2022-07-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13434401 2022-07-01 2023-06-30 13434401 2021-07-01 2022-06-30 13434401 2023-06-30 13434401 2022-06-30 13434401 c:Director1 2022-07-01 2023-06-30 13434401 d:FurnitureFittings 2022-07-01 2023-06-30 13434401 d:FurnitureFittings 2023-06-30 13434401 d:FurnitureFittings 2022-06-30 13434401 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13434401 d:FreeholdInvestmentProperty 2022-07-01 2023-06-30 13434401 d:FreeholdInvestmentProperty 2023-06-30 13434401 d:FreeholdInvestmentProperty 2022-06-30 13434401 d:CurrentFinancialInstruments 2023-06-30 13434401 d:CurrentFinancialInstruments 2022-06-30 13434401 d:Non-currentFinancialInstruments 2023-06-30 13434401 d:Non-currentFinancialInstruments 2022-06-30 13434401 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13434401 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13434401 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13434401 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 13434401 d:ShareCapital 2023-06-30 13434401 d:ShareCapital 2022-06-30 13434401 d:RetainedEarningsAccumulatedLosses 2023-06-30 13434401 d:RetainedEarningsAccumulatedLosses 2022-06-30 13434401 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13434401 c:OrdinaryShareClass1 2023-06-30 13434401 c:OrdinaryShareClass1 2022-06-30 13434401 c:OrdinaryShareClass2 2022-07-01 2023-06-30 13434401 c:OrdinaryShareClass2 2023-06-30 13434401 c:OrdinaryShareClass2 2022-06-30 13434401 c:FRS102 2022-07-01 2023-06-30 13434401 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13434401 c:FullAccounts 2022-07-01 2023-06-30 13434401 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13434401 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13434401









BEALE PROPERTY DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
BEALE PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13434401

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,312
-

Investment property
 5 
3,912,790
3,899,950

Current assets
  

Debtors: amounts falling due within one year
 6 
81,618
52,618

Cash at bank and in hand
 7 
124,936
76,144

  
206,554
128,762

Creditors: amounts falling due within one year
 8 
(147,313)
(202,899)

Net current assets/(liabilities)
  
 
 
59,241
 
 
(74,137)

Total assets less current liabilities
  
3,975,343
3,825,813

Creditors: amounts falling due after more than one year
 9 
(3,904,831)
(3,822,249)

Net assets
  
70,512
3,564


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
70,510
3,562

  
70,512
3,564


Page 1

 
BEALE PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13434401
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider 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 directors acknowledge their 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 on 8 March 2024.




D C Beale
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BEALE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Beale Property Developments Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The principal activity of the Company is that of property investment.

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

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:
Rental income
Rental income from operating lease is recognised on a straight line basis over the term of the lease

 
2.3

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

  
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rates and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

 
2.5

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.

Page 3

 
BEALE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line

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 the Statement of income and retained earnings.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities like trade and other debtors and creditors, loans from banks and otherthird parties, loans to related parties and investments in ordinary shares.


3.


Employees

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

Page 4

 
BEALE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
4,040



At 30 June 2023

4,040



Depreciation


Charge for the year on owned assets
728



At 30 June 2023

728



Net book value



At 30 June 2023
3,312



At 30 June 2022
-


5.


Investment properties


Freehold investment properties

£



Valuation


At 1 July 2022
3,899,950


Additions at cost
12,840



At 30 June 2023
3,912,790

No depreciation is charged against this asset class which has a historical cost of £3,912,790 at the period end.

The 2023 valuations were made by the directors, on an open market value for existing use basis.






Page 5

 
BEALE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
33,482
41,555

Other debtors
43,550
11,063

Prepayments and accrued income
4,586
-

81,618
52,618



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
124,936
76,144



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,996
38,940

Corporation tax
18,681
2,040

Other taxation and social security
1,427
1,369

Other creditors
12,682
-

Accruals and deferred income
104,527
160,550

147,313
202,899



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to related undertakings
3,904,831
3,822,249


Amounts owed to related undertakings are repayable on demand and do not accrue interest.

Page 6

 
BEALE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A share of £1.00
1
1
1 (2022 - 1) Ordinary B share of £1.00
1
1

2

2



11.


Related party transactions

Included within creditors due more than one year is an amount of £3,904,831 (2022- £3,822,249) due to a company under common control.


12.


Controlling party

The controlling party of the company is D C Beale by virtue of his 100% shareholding.
 
Page 7