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REGISTERED NUMBER: 13232664 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2023

FOR

BEYOND STORAGE GROUP LIMITED

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


BEYOND STORAGE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







Director: James A Hay





Registered office: Lower Cleeve Farm
Hom Green
Ross-On-Wye
United Kingdom
HR9 7TD





Registered number: 13232664 (England and Wales)

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 519,074 511,117
Investments 5 402,140 402,140
921,214 913,257

Current assets
Debtors 6 200,339 279,192
Cash at bank and in hand 11,235 17,474
211,574 296,666
Creditors
Amounts falling due within one year 7 384,132 131,174
Net current (liabilities)/assets (172,558 ) 165,492
Total assets less current liabilities 748,656 1,078,749

Creditors
Amounts falling due after more than one
year

8

372,152

400,132
Net assets 376,504 678,617

Capital and reserves
Called up share capital 10 240 240
Share premium 279,900 279,900
Retained earnings 96,364 398,477
Shareholders' funds 376,504 678,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 16th September 2024 and were signed by:





James A Hay - Director


BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. Statutory information

Beyond Storage Group 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Beyond Storage Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation .

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Freehold property0% & 2%


Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and 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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year 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 year 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 (including officers)

The average number of employees during the year was 1 (2022 - 1 ) .

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. Tangible fixed assets
Freehold
property
£
Cost
At 1st January 2023 519,428
Additions 16,600
At 31st December 2023 536,028
Depreciation
At 1st January 2023 8,311
Charge for year 8,643
At 31st December 2023 16,954
Net book value
At 31st December 2023 519,074
At 31st December 2022 511,117

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1st January 2023
and 31st December 2023 402,140
Net book value
At 31st December 2023 402,140
At 31st December 2022 402,140

The company's investments at the Balance sheet date in the share capital of companies include the following:

Beyond Storage Ross Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 173,661 152,232

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. Fixed asset investments - continued

Beyond Storage Leicester Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 197,543 121,602

Beyond Storage Stratford Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 66,820 46,669

Beyond Storage Carmarthen Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 155,445 81,959

Beyond Storage Herefordshire Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 30,977 5,096

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. Fixed asset investments - continued

Beyond Storage Treforest Limited
Registered office: Lower Cleeve Farm, Hom Green, Ross-On-Wye, Herefordshire, HR9 7TD
Nature of business: Storage
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves (42,475 ) (20,403 )

6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£ £
Amounts owed by group undertakings 149,206 185,222
Amounts owed by related parties - 2,257
VAT 9 3,859
Director's loan accounts 51,124 87,854
200,339 279,192

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Bank loans & overdrafts 9,386 8,904
Amounts owed to group undertakings 347,032 95,307
Amounts owed to related parties 27,714 20,000
Other creditors - 6,963
384,132 131,174

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£ £
Bank loans - two to five years 45,364 42,629
Bank loans over five years 286,788 297,503
Amounts owed to related parties 40,000 60,000
372,152 400,132

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over five years 286,788 297,503

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


9. Secured debts

The bank loan is secured by a fixed and floating charge over the assets of the company.

10. Called up share capital

Allotted, issued and fully paid:


Number:

Class:
Nominal
value:

31.12.23

31.12.22
£    £    £   
230 Ordinary 1 - 230
116 Ordinary A 1 116 -
114 Ordinary B 1 114 -
10 Ordinary T 1 10 10
Total 240 240


On 20th March 2023 130 Ordinary shares were reclassified as 116 Ordinary A shares & 114 Ordinary B shares.

11. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st December 2023.

12. Director's advances, credits and guarantees

During the year, the director used a current account with the company to record amounts due to them and amounts drawn by them. Loans and advances totalling £85,778 and repayments of £122,508 were made during the year. The balance at the year end was £51,124 (2022: £87,854) owed to the company.

The loans and advances were made interest free and were repayable on demand.

BEYOND STORAGE GROUP LIMITED (REGISTERED NUMBER: 13232664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


13. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following transactions with related parties, on normal commercial terms, took place during the year:


Loans
to/(repaid

)
Debtor
balance
Creditor
balance
£   £   £   
Entities with common key management personnel9,971-7,714
Other related parties(20,000)-60,000

£40,000 of the creditor balance is considered to be repayable in more than one year.