Caseware UK (AP4) 2023.0.135 2023.0.135 true5false2023-04-01false6The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02116957 2023-04-01 2024-03-31 02116957 2022-04-01 2023-03-31 02116957 2024-03-31 02116957 2023-03-31 02116957 2022-04-01 02116957 1 2023-04-01 2024-03-31 02116957 3 2023-04-01 2024-03-31 02116957 d:Director4 2023-04-01 2024-03-31 02116957 d:Director6 2023-04-01 2024-03-31 02116957 e:FreeholdInvestmentProperty 2024-03-31 02116957 e:FreeholdInvestmentProperty 2023-03-31 02116957 e:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 02116957 e:CurrentFinancialInstruments 2024-03-31 02116957 e:CurrentFinancialInstruments 2023-03-31 02116957 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 02116957 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 02116957 e:ShareCapital 2024-03-31 02116957 e:ShareCapital 2023-03-31 02116957 e:ShareCapital 2022-04-01 02116957 e:OtherMiscellaneousReserve 2024-03-31 02116957 e:OtherMiscellaneousReserve 1 2023-04-01 2024-03-31 02116957 e:OtherMiscellaneousReserve 3 2023-04-01 2024-03-31 02116957 e:OtherMiscellaneousReserve 2023-03-31 02116957 e:OtherMiscellaneousReserve 2022-04-01 02116957 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02116957 e:RetainedEarningsAccumulatedLosses 2024-03-31 02116957 e:RetainedEarningsAccumulatedLosses 1 2023-04-01 2024-03-31 02116957 e:RetainedEarningsAccumulatedLosses 3 2023-04-01 2024-03-31 02116957 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02116957 e:RetainedEarningsAccumulatedLosses 2023-03-31 02116957 e:RetainedEarningsAccumulatedLosses 2022-04-01 02116957 d:OrdinaryShareClass1 2023-04-01 2024-03-31 02116957 d:OrdinaryShareClass1 2024-03-31 02116957 d:OrdinaryShareClass1 2023-03-31 02116957 d:OrdinaryShareClass2 2023-04-01 2024-03-31 02116957 d:OrdinaryShareClass2 2024-03-31 02116957 d:OrdinaryShareClass2 2023-03-31 02116957 d:FRS102 2023-04-01 2024-03-31 02116957 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02116957 d:FullAccounts 2023-04-01 2024-03-31 02116957 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02116957 e:OtherDeferredTax 2024-03-31 02116957 e:OtherDeferredTax 2023-03-31 02116957 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02116957










Beverly House (Westminster) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Beverly House (Westminster) Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Beverly House (Westminster) Limited for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beverly House (Westminster) Limited for the year ended 31 March 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Beverly House (Westminster) Limited, as a body, in accordance with the terms of our engagement letter dated 13 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of Beverly House (Westminster) Limited  and state those matters that we have agreed to state to the Board of Directors of Beverly House (Westminster) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beverly House (Westminster) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Beverly House (Westminster) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Beverly House (Westminster) Limited. You consider that Beverly House (Westminster) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beverly House (Westminster) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
9 September 2024
Page 1

 
Beverly House (Westminster) Limited
Registered number: 02116957

Balance Sheet
As at 31 March 2024

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
675,000
700,000

  
675,000
700,000

Current assets
  

Debtors: amounts falling due within one year
 5 
7,362
12,633

Cash at bank and in hand
 6 
66,522
41,035

  
73,884
53,668

Creditors: amounts falling due within one year
 7 
(23,976)
(15,465)

Net current assets
  
 
 
49,908
 
 
38,203

Total assets less current liabilities
  
724,908
738,203

Provisions for liabilities
  

Deferred tax
  
(141,700)
(147,950)

  
 
 
(141,700)
 
 
(147,950)

Net assets
  
583,208
590,253


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Fair value reserve
  
433,300
452,050

Profit and loss account
  
139,908
128,203

  
583,208
590,253


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 comprehensive income 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 by: 

................................................
Dr S L Price
................................................
Mr O A H Saeed
Director
Director
Date: 6 September 2024
Date:6 September 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
Beverly House (Westminster) Limited
 

Statement of Changes in Equity
For the Year Ended 31 March 2024


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
10,000
452,050
128,203
590,253


Comprehensive income for the year

Loss for the year
-
-
(7,045)
(7,045)

Transfer of deferred tax charge
-
6,250
(6,250)
-

Transfer of deficit on revaluation
-
(25,000)
25,000
-


At 31 March 2024
10,000
433,300
139,908
583,208



Statement of Changes in Equity
For the Year Ended 31 March 2023


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
10,000
452,050
117,245
579,295


Comprehensive income for the year

Profit for the year
-
-
10,958
10,958


At 31 March 2023
10,000
452,050
128,203
590,253


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Beverly House (Westminster) Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The company is a private company limited by share capital incorporated in England. 
The address of its registered office is:
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
The principal place of business is:
The Office Beverly House
133/135 Park Road
London
NW8 7JB

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts are prepared on a going concern basis.

 
2.3

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 in relation to ground rents.

Page 4

 
Beverly House (Westminster) Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date. Deferred tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors with reference to 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. Periodically the Investment property is valued by external valuers to ensure the accuracy of the carrying amount in the accounts. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).

Page 5

 
Beverly House (Westminster) Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Investment property


Investment property

£



Valuation


At 1 April 2023
700,000


Deficit on revaluation
(25,000)



At 31 March 2024
675,000

The 2024 valuation of the company flat and associated freehold ot the property was made by Symington Elvery, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Trade debtors
3,200
3,200

Amounts owed by associated service charge account
4,162
9,433

7,362
12,633


Page 6

 
Beverly House (Westminster) Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
66,522
41,035

66,522
41,035



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,746
2,570

Other creditors
19,520
11,520

Accruals and deferred income
1,710
1,375

23,976
15,465



8.


Deferred taxation




2024


£






At beginning of year
(147,950)


Charged to profit or loss
6,250



At end of year
(141,700)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Future tax payable on disposal of investment property
(141,700)
(147,950)

(141,700)
(147,950)

Page 7

 
Beverly House (Westminster) Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



65 (2023 - 65) Ordinary A shares of £0.10 each
6.50
6.50
99,935 (2023 - 99,935) Ordinary B shares of £0.10 each
9,993.50
9,993.50

10,000.00

10,000.00



Page 8