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Company registration number: NI673266
Beaumont Hill Developments Limited
Unaudited filleted financial statements
31 October 2023
Beaumont Hill Developments Limited
Contents
Directors and other information
Accountants report
Balance sheet
Statement of changes in equity
Notes to the financial statements
Beaumont Hill Developments Limited
Directors and other information
Directors Mr Mark Wright
Mr Richard Wright
Company number NI673266
Registered office 21 Rowantree Road
Dromore
Co Down
BT25 1NN
Accountants Jones Peters
6 Church Street
Banbridge
Co Down
BT32 4AA
Bankers Danske Bank
45-48 High Street
Portadown
Co Armagh
BY62 1LB
Beaumont Hill Developments Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Beaumont Hill Developments Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beaumont Hill Developments Limited for the year ended 31 October 2023 which comprise the Balance Sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Beaumont Hill Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Beaumont Hill Developments Limited and state those matters that we have agreed to state to the board of directors of Beaumont Hill Developments Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beaumont Hill Developments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Beaumont Hill Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beaumont Hill Developments Limited. You consider that Beaumont Hill Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Beaumont Hill Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jones Peters
Chartered Accountants & Statutory Auditors
6 Church Street
Banbridge
Co Down
BT32 4AA
19 July 2024
Beaumont Hill Developments Limited
Balance sheet
31 October 2023
2023 2022
Note £ £ £ £
Current assets
Stocks 1,370,546 4,065,724
Debtors 4 1,560,261 567
Cash at bank and in hand 2,927,274 346,384
_______ _______
5,858,081 4,412,675
Creditors: amounts falling due
within one year 5 ( 5,436,493) ( 4,416,545)
_______ _______
Net current assets/(liabilities) 421,588 ( 3,870)
_______ _______
Total assets less current liabilities 421,588 ( 3,870)
_______ _______
Net assets/(liabilities) 421,588 ( 3,870)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 421,488 ( 3,970)
_______ _______
Shareholders funds/(deficit) 421,588 ( 3,870)
_______ _______
For the year ending 31 October 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.
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 Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 July 2024 , and are signed on behalf of the board by:
Mr Mark Wright Mr Richard Wright
Director Director
Company registration number: NI673266
Beaumont Hill Developments Limited
Statement of changes in equity
Year ended 31 October 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2021 100 ( 1,410) ( 1,310)
Profit/(loss) for the year ( 2,560) ( 2,560)
_______ _______ _______
Total comprehensive income for the year - ( 2,560) ( 2,560)
_______ _______ _______
At 31 October 2022 and 1 November 2022 100 ( 3,970) ( 3,870)
Profit/(loss) for the year 425,458 425,458
_______ _______ _______
Total comprehensive income for the year - 425,458 425,458
_______ _______ _______
At 31 October 2023 100 421,488 421,588
_______ _______ _______
Beaumont Hill Developments Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 21 Rowantree Road, Dromore, Co Down, BT25 1NN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 prepared in sterling, which is the functional currency of the entity.
Turnover
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Debtors
2023 2022
£ £
Other debtors 1,560,261 567
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 2,802
Corporation tax 122,493 -
Other creditors 5,314,000 4,413,743
_______ _______
5,436,493 4,416,545
_______ _______