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REGISTERED NUMBER: 04430128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Beauly Properties Limited

Beauly Properties Limited (Registered number: 04430128)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Beauly Properties Limited (Registered number: 04430128)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 35 35

CURRENT ASSETS
Stocks 1,472,400 1,472,400
Debtors 5 2,573,566 1,678,826
Cash at bank 23,519 38,975
4,069,485 3,190,201
CREDITORS
Amounts falling due within one year 6 1,979 2,285
NET CURRENT ASSETS 4,067,506 3,187,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,067,541

3,187,951

CREDITORS
Amounts falling due after more than one year 7 5,714,807 4,854,807
NET LIABILITIES (1,647,266 ) (1,666,856 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,647,267 ) (1,666,857 )
SHAREHOLDERS' FUNDS (1,647,266 ) (1,666,856 )

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 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.

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 20 August 2024 and were signed by:





M Winter - Director


Beauly Properties Limited (Registered number: 04430128)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Beauly Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04430128

Registered office: 83 Blackwood Road
Streetly
Sutton Coldfield
West Midlands
B74 3PW

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks
Stock represents properties held for redevelopment and include the initial purchase cost and any subsequent development costs. Provision is made where the net realisable value is expected to be less than cost.

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.

Rent revenue
The rent receivable shown in the profit & loss account represents rental income receivable exclusive of Value Added Tax.

Going concern - financial support
In the opinion of the director, continued financial support will be available such that the company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the financial support is not forthcoming, then this basis may be inappropriate.

Beauly Properties Limited (Registered number: 04430128)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.

Impairment losses are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 35
NET BOOK VALUE
At 31 December 2023 35
At 31 December 2022 35

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 5,816 6,076

Amounts falling due after more than one year:
Amounts owed by associates 2,567,750 1,672,750

Aggregate amounts 2,573,566 1,678,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,979 2,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 4,788,589 3,928,589
Other creditors 926,218 926,218
5,714,807 4,854,807