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REGISTERED NUMBER: 08158682 (England and Wales)















Financial Statements for the Period 1 August 2022 to 30 July 2023

for

Beatus Property Limited

Beatus Property Limited (Registered number: 08158682)






Contents of the Financial Statements
for the Period 1 August 2022 to 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beatus Property Limited

Company Information
for the Period 1 August 2022 to 30 July 2023







DIRECTORS: R McGinnis
K Williams





REGISTERED OFFICE: 40 Rodney Street
Liverpool
Merseyside
L1 9AA





REGISTERED NUMBER: 08158682 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Beatus Property Limited (Registered number: 08158682)

Balance Sheet
30 July 2023

30.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,721,875 1,721,875

CURRENT ASSETS
Stocks 99,135 99,135
Debtors 5 192,192 204,991
Cash at bank and in hand 12,401 14,000
303,728 318,126
CREDITORS
Amounts falling due within one year 6 665,104 668,637
NET CURRENT LIABILITIES (361,376 ) (350,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,499

1,371,364

CREDITORS
Amounts falling due after more than
one year

7

(150,923

)

(179,233

)

PROVISIONS FOR LIABILITIES (205,999 ) (156,559 )
NET ASSETS 1,003,577 1,035,572

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 327,092 327,092
Retained earnings 676,185 708,180
SHAREHOLDERS' FUNDS 1,003,577 1,035,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 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.

Beatus Property Limited (Registered number: 08158682)

Balance Sheet - continued
30 July 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 2 September 2024 and were signed on its behalf by:





K Williams - Director


Beatus Property Limited (Registered number: 08158682)

Notes to the Financial Statements
for the Period 1 August 2022 to 30 July 2023

1. STATUTORY INFORMATION

Beatus Property 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 (£).


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.

Despite the net current liabilities position at the year end the year the financial statements have been prepared on a going concern basis as the company has the continued support of its directors.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value for the consideration of net rents received, property sales and construction work excluding value added tax. Turnover is recognised in the period to which it relates.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Beatus Property Limited (Registered number: 08158682)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 30 July 2023 1,721,875
NET BOOK VALUE
At 30 July 2023 1,721,875
At 31 July 2022 1,721,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 31.7.22
£    £   
Trade debtors 1,978 3,744
Other debtors 190,214 201,247
192,192 204,991

Beatus Property Limited (Registered number: 08158682)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 31.7.22
£    £   
Bank loans and overdrafts 33,333 33,333
Trade creditors 14,325 14,722
Taxation and social security 19,265 26,015
Other creditors 598,181 594,567
665,104 668,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.7.23 31.7.22
£    £   
Bank loans 150,923 179,233

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years - 1,575

8. SECURED DEBTS

The following secured debts are included within creditors:

30.7.23 31.7.22
£    £   
Bank loans 146,294 169,325