Company registration number 00711437 (England and Wales)
BEECH WAY PRESS LIMITED (THE)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BEECH WAY PRESS LIMITED (THE)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BEECH WAY PRESS LIMITED (THE)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,265,000
1,265,000
Current assets
Debtors
4
3,720
-
0
Cash at bank and in hand
58,580
66,491
62,300
66,491
Creditors: amounts falling due within one year
5
(32,016)
(69,097)
Net current assets/(liabilities)
30,284
(2,606)
Total assets less current liabilities
1,295,284
1,262,394
Provisions for liabilities
(222,474)
(222,474)
Net assets
1,072,810
1,039,920
Capital and reserves
Called up share capital
100
100
Revaluation reserve
6
928,352
928,352
Profit and loss reserves
144,358
111,468
Total equity
1,072,810
1,039,920

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 August 2024 and are signed on its behalf by:
Ms J H Goodman
Director
Company registration number 00711437 (England and Wales)
BEECH WAY PRESS LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Beech Way Press Limited (The) is a private company limited by shares incorporated in England and Wales. The registered office is 34 Erskine Hill, London, NW11 6HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for investment property rentals.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet 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 legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

BEECH WAY PRESS LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
1
3
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
1,265,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 March 2023 by MJ Group International Ltd Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,720
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,715
5,095
Other creditors
24,301
64,002
32,016
69,097
6
Revaluation reserve
2024
2023
£
£
At the beginning of the year
928,352
-
0
Deferred tax on revaluation of tangible assets
-
328,952
Other movements
-
599,400
At the end of the year
928,352
928,352
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