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REGISTERED NUMBER: 11422840 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2024

for

BEAN PROPERTIES LTD

BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAN PROPERTIES LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: L Da Silva Serafim
Miss H C Mak





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11422840 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,202 8,405
Investment property 5 133,936 48,661
138,138 57,066

CURRENT ASSETS
Debtors 6 22,984 21,482
Cash at bank 4,180 30,372
27,164 51,854
CREDITORS
Amounts falling due within one year 7 (191,543 ) (141,583 )
NET CURRENT LIABILITIES (164,379 ) (89,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,241

)

(32,663

)

PROVISIONS FOR LIABILITIES (1,204 ) -
NET LIABILITIES (27,445 ) (32,663 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (27,545 ) (32,763 )
SHAREHOLDERS' FUNDS (27,445 ) (32,663 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)

Balance Sheet - continued
30 June 2024


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 19 August 2024 and were signed on its behalf by:




Miss H C Mak - Director



L Da Silva Serafim - Director


BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bean Properties 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 5 years.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 21,014
AMORTISATION
At 1 July 2023 12,609
Charge for year 4,203
At 30 June 2024 16,812
NET BOOK VALUE
At 30 June 2024 4,202
At 30 June 2023 8,405

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 48,661
Additions 78,936
Revaluations 6,339
At 30 June 2024 133,936
NET BOOK VALUE
At 30 June 2024 133,936
At 30 June 2023 48,661

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 6,339
Cost 127,597
133,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 22,984 21,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 120 -
Taxation and social security 890 -
Other creditors 190,533 141,583
191,543 141,583

BEAN PROPERTIES LTD (REGISTERED NUMBER: 11422840)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (32,763 )
Profit for the year 5,218
At 30 June 2024 (27,545 )

Reserves include £5,135 which is not distributable and relates to the the net of tax unrealised revaluation of an investment property.

10. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.