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REGISTERED NUMBER: 04014372 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

FINEBEAM LTD

FINEBEAM LTD (REGISTERED NUMBER: 04014372)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FINEBEAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: A E Brinner





SECRETARY: Y M Ciment





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04014372 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
London
N15 6BL

FINEBEAM LTD (REGISTERED NUMBER: 04014372)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,857 8,264
Investments 5 3 3
Investment property 6 5,827,391 5,712,600
5,834,251 5,720,867

CURRENT ASSETS
Debtors 7 454,838 929,832
Cash at bank 9,791 27,722
464,629 957,554
CREDITORS
Amounts falling due within one year 8 (1,302,273 ) (1,754,288 )
NET CURRENT LIABILITIES (837,644 ) (796,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,996,607

4,924,133

CREDITORS
Amounts falling due after more than one
year

9

(1,703,933

)

(1,775,447

)

PROVISIONS FOR LIABILITIES (376,325 ) (376,325 )
NET ASSETS 2,916,349 2,772,361

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 1,980,660 1,980,660
Retained earnings 12 935,589 791,601
SHAREHOLDERS' FUNDS 2,916,349 2,772,361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FINEBEAM LTD (REGISTERED NUMBER: 04014372)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





A E Brinner - Director


FINEBEAM LTD (REGISTERED NUMBER: 04014372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Finebeam Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 3 (2022 - 3 ) .

FINEBEAM LTD (REGISTERED NUMBER: 04014372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 93,801 2,150 95,951
DEPRECIATION
At 1 August 2022 86,470 1,217 87,687
Charge for year 1,099 308 1,407
At 31 July 2023 87,569 1,525 89,094
NET BOOK VALUE
At 31 July 2023 6,232 625 6,857
At 31 July 2022 7,331 933 8,264

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 3
NET BOOK VALUE
At 31 July 2023 3
At 31 July 2022 3

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 5,712,600
Additions 114,791
At 31 July 2023 5,827,391
NET BOOK VALUE
At 31 July 2023 5,827,391
At 31 July 2022 5,712,600

FINEBEAM LTD (REGISTERED NUMBER: 04014372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 1,610,995
Valuation in 2020 369,665
Cost 3,872,447
5,853,107

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 5,712,600
Additions 114,791
5,827,391

CLIENT SCREEN TOTAL = 5,853,107


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 454,838 929,832

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 77,344 77,345
Taxation and social security 72,408 72,442
Other creditors 1,152,521 1,604,501
1,302,273 1,754,288

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,668,842 1,735,142
Other creditors 35,091 40,305
1,703,933 1,775,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,668,842 1,735,142
Other loans more 5yrs instal 35,091 40,305
1,703,933 1,775,447

FINEBEAM LTD (REGISTERED NUMBER: 04014372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 1,668,842 1,735,142
Other loans 35,091 40,305
1,703,933 1,775,447

The mortgage loans and bank overdrafts are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 791,601 1,980,660 2,772,261
Profit for the year 143,988 143,988
At 31 July 2023 935,589 1,980,660 2,916,249