4 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 790,000 790,000 790,000 xbrli:pure xbrli:shares iso4217:GBP 10774839 2022-10-01 2023-09-30 10774839 2023-09-30 10774839 2022-09-30 10774839 2021-10-01 2022-09-30 10774839 2022-09-30 10774839 2021-09-30 10774839 core:FurnitureFittings 2022-10-01 2023-09-30 10774839 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 10774839 bus:Director5 2022-10-01 2023-09-30 10774839 core:FurnitureFittings 2022-09-30 10774839 core:FurnitureFittings 2023-09-30 10774839 core:WithinOneYear 2023-09-30 10774839 core:WithinOneYear 2022-09-30 10774839 core:ShareCapital 2023-09-30 10774839 core:ShareCapital 2022-09-30 10774839 core:RetainedEarningsAccumulatedLosses 2023-09-30 10774839 core:RetainedEarningsAccumulatedLosses 2022-09-30 10774839 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 10774839 core:Non-currentFinancialInstruments 2023-09-30 10774839 core:Non-currentFinancialInstruments 2022-09-30 10774839 core:RevaluationInvestmentPropertyDeferredTax 2023-09-30 10774839 core:RevaluationInvestmentPropertyDeferredTax 2022-09-30 10774839 core:FurnitureFittings 2022-09-30 10774839 bus:SmallEntities 2022-10-01 2023-09-30 10774839 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10774839 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10774839 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10774839 bus:FullAccounts 2022-10-01 2023-09-30 10774839 bus:OrdinaryShareClass1 2023-09-30 10774839 bus:OrdinaryShareClass1 2022-09-30
COMPANY REGISTRATION NUMBER: 10774839
Beeson Property Holding Limited
Filleted Unaudited Financial Statements
30 September 2023
Beeson Property Holding Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
£
Fixed Assets
Tangible assets
6
702
682
Investments
7
790,000
790,000
----------
----------
790,702
790,682
Current Assets
Cash at bank and in hand
7,601
4,992
Creditors: amounts falling due within one year
8
686,628
670,694
----------
----------
Net Current Liabilities
679,027
665,702
----------
----------
Total Assets Less Current Liabilities
111,675
124,980
Provisions
25,938
24,931
----------
----------
Net Assets
85,737
100,049
----------
----------
Capital and Reserves
Called up share capital
10
100
100
Profit and loss account
85,637
99,949
---------
----------
Shareholders Funds
85,737
100,049
---------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Beeson Property Holding Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 22 March 2024 , and are signed on behalf of the board by:
Mr R Beeson
Director
Company registration number: 10774839
Beeson Property Holding Limited
Notes to the Financial Statements
Year Ended 30th September 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Rowan Close, Shrewsbury, SY1 2BT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revalued to their fair values at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 3 ).
5. Tax on Loss
Major components of tax expense/(income)
2023
2022
£
£
Deferred tax:
Origination and reversal of timing differences
1,007
( 9,764)
-------
-------
Tax on loss
1,007
( 9,764)
-------
-------
6. Tangible Assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1st October 2022
851
480
1,331
Additions
294
294
----
----
-------
At 30th September 2023
851
774
1,625
----
----
-------
Depreciation
At 1st October 2022
169
480
649
Charge for the year
213
61
274
----
----
-------
At 30th September 2023
382
541
923
----
----
-------
Carrying amount
At 30th September 2023
469
233
702
----
----
-------
At 30th September 2022
682
682
----
----
-------
7. Investments
Other investments other than loans
£
Cost
At 1st October 2022 and 30th September 2023
790,000
----------
Impairment
At 1st October 2022 and 30th September 2023
----------
Carrying amount
At 30th September 2023
790,000
----------
At 30th September 2022
790,000
----------
On 30th September 2023 investment properties were revalued by Mr R Beeson , a director of the company, on an open market value basis in the sum of £790,000.
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
934
Other creditors
685,694
670,694
----------
----------
686,628
670,694
----------
----------
9. Deferred Tax
The deferred tax included in the statement of financial position is as follows:
2023
2022
£
£
Included in provisions
25,938
24,931
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Fair value adjustment of investment property
25,938
24,931
---------
---------
10. Called Up Share Capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
11. Related Party Transactions
Included within other creditors due within one year is a loan of £684,944 (2022 - £669,944) owed to KJ Trading and Investments Ltd, a company under common control of a director. Interest has been charged on the loan at a rate of 4% from September 2023.