Registered number
09071703
Beca Properties Limited
Filleted Accounts
31 March 2024
Beca Properties Limited
Registered number: 09071703
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 358,838 554,005
Current assets
Debtors 4 199,962 29,491
Cash at bank and in hand 5,307 13,751
205,269 43,242
Creditors: amounts falling due within one year 5 (59,022) (109,133)
Net current assets/(liabilities) 146,247 (65,891)
Total assets less current liabilities 505,085 488,114
Provisions for liabilities (3,103) -
Net assets 501,982 488,114
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 43,132 115,119
Profit and loss account 458,750 372,895
Shareholders' funds 501,982 488,114
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D S Williams
Director
Approved by the board on 2 September 2024
Beca Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve and no depreciation is provided in respect of freehold properties. The directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which otherwise might have been shown cannot be separately identified or quantified.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 554,005
Additions 76,000
Surplus on revaluation 16,333
Disposals (287,500)
At 31 March 2024 358,838
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 358,838
At 31 March 2023 554,005
Freehold land and buildings: 2024 2023
£ £
Historical cost 312,603 554,005
Cumulative depreciation based on historical cost - -
312,603 554,005
4 Debtors 2024 2023
£ £
Trade debtors 11,244 14,375
Amounts owed by group undertakings and undertakings in which the company has a participating interest 170,000 -
Other debtors 18,718 15,116
199,962 29,491
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,020 (43)
Amounts owed to group undertakings and undertakings in which the company has a participating interest (120,000) -
Corporation tax 17,921 861
Other taxes and social security costs 7,307 5,891
Other creditors 152,774 102,424
59,022 109,133
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 115,119 115,119
Loss on revaluation of land and buildings (71,987) -
At 31 March 2024 43,132 115,119
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D S Williams
Directors Loan Account (8,263) (3,148) (11,411)
(8,263) - (3,148) (11,411)
8 Related party transactions
At the Balance Sheet date, the Company owed its director Mr D Williams £11,411 (2023: £8,263). At the year end, Beca Properties Limited was owed £170,000 by Williams Properties (Cardiff) Limited. Both companies have a common shareholder.
9 Ultimate controlling party
The company is ultimately controlled by the director by virtue of their shareholding.
9 Other information
Beca Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Ty Nant Court
Morganstown
Cardiff
CF15 8LW
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