Registered number
11407932
Beech Homes Properties and Developments Limited
Filleted Accounts
31 December 2023
Beech Homes Properties and Developments Limited
Registered number: 11407932
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 100 100
Current assets
Stocks 1,330,393 1,392,569
Debtors 4 1,160,695 1,166,993
2,491,088 2,559,562
Creditors: amounts falling due within one year 5 (2,611,219) (2,633,025)
Net current liabilities (120,131) (73,463)
Net liabilities (120,031) (73,363)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (121,031) (74,363)
Shareholders' funds (120,031) (73,363)
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.
B Leach
Director
Approved by the board on 5 June 2024
Beech Homes Properties and Developments Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts have been prepared on the going concern basis. The directors consider this to be appropriate because the company has the continued financial support of its directors and shareholders.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of properties is recognised when the sale has been legally completed.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Stock comprises the purchase of land for development, the direct materials, direct labour costs and those overheads that have been incurred in bringing the sites to their present condition.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legal right to do so and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 100
At 31 December 2023 100
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,150,268 1,150,268
Other debtors 10,427 16,725
1,160,695 1,166,993
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 48,204 36,003
Trade creditors 214,082 115,748
Taxation and social security costs 178,431 116,436
Other creditors 2,170,502 2,364,838
2,611,219 2,633,025
6 Related party transactions
Amounts owed to related parties under common directorship £2,142,440 (2022 £2,330,170).

The company has taken advantage of exemptions of FRS102 section 33.1A from disclosing transactions with fellow group companies.
7 Controlling party
The company was under the control of B Leach throughout the current and previous accounting period.
8 Other information
Beech Homes Properties and Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Deanland Business Park
Deanland Road
Hailsham
East Sussex
BN27 3RP
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