PTP Accounts Production v24.1.0.576 13806341 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138063412022-12-31138063412023-12-31138063412023-01-012023-12-31138063412021-12-16138063412021-12-172022-12-31138063412022-12-3113806341ns15:EnglandWales2023-01-012023-12-3113806341ns14:PoundSterling2023-01-012023-12-3113806341ns10:Director12023-01-012023-12-3113806341ns10:CompanyLimitedByGuarantee2023-01-012023-12-3113806341ns10:SmallEntities2023-01-012023-12-3113806341ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113806341ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113806341ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113806341ns10:FullAccounts2023-01-012023-12-3113806341ns10:EntityHasNeverTraded2023-01-012023-12-3113806341ns10:Director22023-01-012023-12-3113806341ns10:CompanySecretary12023-01-012023-12-3113806341ns10:RegisteredOffice2023-01-012023-12-3113806341ns5:CurrentFinancialInstruments2023-12-3113806341ns5:CurrentFinancialInstruments2022-12-3113806341ns5:RetainedEarningsAccumulatedLosses2023-12-3113806341ns5:RetainedEarningsAccumulatedLosses2022-12-3113806341ns5:LeaseholdImprovements2023-01-012023-12-3113806341ns5:PlantMachinery2023-01-012023-12-3113806341ns5:MotorVehicles2023-01-012023-12-3113806341ns5:LeaseholdImprovements2022-12-3113806341ns5:PlantMachinery2022-12-3113806341ns5:MotorVehicles2022-12-3113806341ns5:LeaseholdImprovements2023-12-3113806341ns5:PlantMachinery2023-12-3113806341ns5:MotorVehicles2023-12-3113806341ns5:LeaseholdImprovements2022-12-3113806341ns5:PlantMachinery2022-12-3113806341ns5:MotorVehicles2022-12-3113806341ns5:WithinOneYear2023-12-3113806341ns5:WithinOneYear2022-12-3113806341ns5:BetweenOneFiveYears2023-12-3113806341ns5:BetweenOneFiveYears2022-12-3113806341ns5:AllPeriods2023-12-3113806341ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 13806341 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BEDDLESTEAD ESTATE LIMITED

BEDDLESTEAD ESTATE LIMITED (REGISTERED NUMBER: 13806341)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEDDLESTEAD ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Arthur L. Biden
Mr Malcolm C. Rae





SECRETARY: Mrs Pauline Biden





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 13806341 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

BEDDLESTEAD ESTATE LIMITED (REGISTERED NUMBER: 13806341)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,995 235,020

CURRENT ASSETS
Stocks - 20,128
Debtors 5 731 50,678
Cash at bank 38,365 101,998
39,096 172,804
CREDITORS
Amounts falling due within one year 6 610,609 752,915
NET CURRENT LIABILITIES (571,513 ) (580,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(563,518

)

(345,091

)

RESERVES
Income and expenditure account (563,518 ) (345,091 )
(563,518 ) (345,091 )

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 surplus or deficit 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr Arthur L. Biden - Director


BEDDLESTEAD ESTATE LIMITED (REGISTERED NUMBER: 13806341)

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

1. STATUTORY INFORMATION

Beddlestead Estate Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings and structures - 5% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes 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 an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
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, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.


BEDDLESTEAD ESTATE LIMITED (REGISTERED NUMBER: 13806341)

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

2. ACCOUNTING POLICIES - continued
Taxation
The company is a private members' club that provides game shooting to its members.

The company operates as a non-profit making organisation.

The company derives its income from membership fees and receives additional funds from members to take part in game shooting, a recognised sporting activity. As all income generated is spent on providing member benefits, this is considered to be mutual trading and therefore it falls outside the corporation tax regime.

During the accounting period, no events were hosted for non-members and the company had no investment income. Accordingly, there were no taxable profits generated in the accounting period that would be subject to corporation tax.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Buildings
and Plant and Motor
structures machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 45,270 99,451 114,955 259,676
Disposals (45,270 ) (87,965 ) (114,955 ) (248,190 )
At 31 December 2023 - 11,486 - 11,486
DEPRECIATION
At 1 January 2023 1,402 9,481 13,773 24,656
Charge for year - 2,296 - 2,296
Eliminated on disposal (1,402 ) (8,286 ) (13,773 ) (23,461 )
At 31 December 2023 - 3,491 - 3,491
NET BOOK VALUE
At 31 December 2023 - 7,995 - 7,995
At 31 December 2022 43,868 89,970 101,182 235,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments and accrued income 731 50,678

BEDDLESTEAD ESTATE LIMITED (REGISTERED NUMBER: 13806341)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 163
Net wages creditor 81 81
Pensions creditor - 384
Directors' current accounts 608,800 750,100
Accruals and deferred income 1,728 2,187
610,609 752,915

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 5,700 9,850
Between one and five years - 5,700
5,700 15,550