Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01true22No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12995316 2022-12-01 2023-11-30 12995316 2021-12-01 2022-11-30 12995316 2023-11-30 12995316 2022-11-30 12995316 c:Director1 2022-12-01 2023-11-30 12995316 d:LeaseholdInvestmentProperty 2023-11-30 12995316 d:LeaseholdInvestmentProperty 2022-11-30 12995316 d:CurrentFinancialInstruments 2023-11-30 12995316 d:CurrentFinancialInstruments 2022-11-30 12995316 d:Non-currentFinancialInstruments 2023-11-30 12995316 d:Non-currentFinancialInstruments 2022-11-30 12995316 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12995316 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12995316 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 12995316 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 12995316 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 12995316 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 12995316 d:ShareCapital 2023-11-30 12995316 d:ShareCapital 2022-11-30 12995316 d:RetainedEarningsAccumulatedLosses 2023-11-30 12995316 d:RetainedEarningsAccumulatedLosses 2022-11-30 12995316 c:FRS102 2022-12-01 2023-11-30 12995316 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12995316 c:FullAccounts 2022-12-01 2023-11-30 12995316 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12995316 2 2022-12-01 2023-11-30 12995316 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 12995316














FOSTER & PAYNE THE BEACON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FOSTER & PAYNE THE BEACON LIMITED
REGISTERED NUMBER: 12995316

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note

Fixed assets
  

Investment property
 4 
546,260
546,260

Current assets
  

Debtors: amounts falling due within one year
 5 
92
92

Cash at bank and in hand
 6 
1,889
697

  
1,981
789

Creditors: amounts falling due within one year
 7 
(230,781)
(230,874)

Net current liabilities
  
 
 
(228,800)
 
 
(230,085)

Total assets less current liabilities
  
317,460
316,175

Creditors: amounts falling due after more than one year
 8 
(314,260)
(314,260)

  

Net assets
  
£3,200
£1,915


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
3,199
1,914

  
£3,200
£1,915


Page 1

 
FOSTER & PAYNE THE BEACON LIMITED
REGISTERED NUMBER: 12995316

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.




___________________________
Mr R J Harley
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FOSTER & PAYNE THE BEACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Foster & Payne The Beacon Limited is a private, limited company by shares, incorporated in England Wales.
The company registration number is 12995316.
The registered office address is Wardens Lodge Captain Webbs, 161-165 Folkestone Road, Dover, Kent, England, CT17 9SZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FOSTER & PAYNE THE BEACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
FOSTER & PAYNE THE BEACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Investment property


Long term leasehold investment property



Valuation


At 1 December 2022
546,260



At 30 November 2023
546,260

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022


Historic cost
£-
£546,260

Page 5

 
FOSTER & PAYNE THE BEACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022


Prepayments and accrued income
£92
£92



6.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
£1,889
£697



7.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
229,995
229,672

Corporation tax
273
764

Accruals and deferred income
513
438

£230,781
£230,874



8.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
£314,260
£314,260


The following liabilities were secured:

2023
2022



Bank loans
-
314,260

Details of security provided:

Bank loans are secured with fixed charges on the assets concerned.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022




Amounts falling due after more than 5 years

Bank loans
£314,260
£314,260


Page 6

 
FOSTER & PAYNE THE BEACON LIMITED
 

Page 7