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REGISTERED NUMBER: 02586425 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED

BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D D Caswell
S S Hussain





REGISTERED OFFICE: Close House
Giggleswick
Settle
BD24 0EA





REGISTERED NUMBER: 02586425 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investment property 4 7,000 7,000

CURRENT ASSETS
Debtors 5 4,462 11,578
Cash at bank 8,180 14,800
12,642 26,378
CREDITORS
Amounts falling due within one year 6 (4,790 ) (4,717 )
NET CURRENT ASSETS 7,852 21,661
TOTAL ASSETS LESS CURRENT LIABILITIES 14,852 28,661

PROVISIONS FOR LIABILITIES (1,330 ) (1,330 )
NET ASSETS 13,522 27,331

CAPITAL AND RESERVES
Called up share capital 7 41 41
Revaluation reserve 8 5,670 5,670
Other reserves 7,811 21,620
SHAREHOLDERS' FUNDS 13,522 27,331

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

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

The directors acknowledge their 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.

BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





S S Hussain - Director


BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)

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

1. STATUTORY INFORMATION

Beamsley House Management Company 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.

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


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

TURNOVER
This represents the total sum of service charges and ground rents receivable equally from each of the company's shareholders together with garage rents receivable.

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 balance sheet date, however the directors consider that the company is carrying on a mutual business for the benefit of its members and therefore any surplus arising from the members' contributions will not be assessable to Corporation Tax.


BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 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.

OTHER RESERVES - MAINTENANCE RESERVES
Repairs are written off as expenditure is incurred.

Any surplus of income over expenditure is required to be carried forward as maintenance reserve for use towards future repair costs, however such reserve is not necessarily intended to be sufficient to cover actual major items of repair expenditure which may have to be incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 7,000
NET BOOK VALUE
At 31 December 2023 7,000
At 31 December 2022 7,000

Investment property comprises garages available for rent at Beamsley House, Bradford. The value of the investment property has been arrived at on the basis of a previous valuation carried out by Mr J S Oddy, the former Company Secretary and a Chartered Surveyor at £7,000 (2022: £7,000). The valuation was made on an open market value basis and the directors still consider this to represent the fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 4,462 11,578

BEAMSLEY HOUSE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02586425)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 790 508
Other creditors 4,000 4,209
4,790 4,717

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
41 Ordinary shares 1 41 41

8. REVALUATION RESERVE
Revaluation
reserve
£
At 1 January 2023
and 31 December 2023 5,670

The revaluation reserve represents the surplus arising on the revaluation of freehold land and buildings less a provision for deferred tax. The deferred tax provision on the surplus on revaluation of the company's investment property amounts to £1,330 (2022: £1,330).