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REGISTERED NUMBER: 02974187 (England and Wales)










BEAMRAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAMRAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C R Peerless





SECRETARY: N C Patel





REGISTERED OFFICE: 69-71 East Street
Epsom
Surrey
KT17 1BP





REGISTERED NUMBER: 02974187 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 22,291 33,437
Tangible assets 6 20,737 18,510
Investments 7 229,199 229,199
272,227 281,146

CURRENT ASSETS
Debtors 8 647,098 662,416
Cash at bank and in hand 744,422 790,705
1,391,520 1,453,121
CREDITORS
Amounts falling due within one year 9 620,284 657,134
NET CURRENT ASSETS 771,236 795,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,463

1,077,133

CREDITORS
Amounts falling due after more than one
year

10

(15,661

)

(39,381

)

PROVISIONS FOR LIABILITIES (4,703 ) (3,349 )
NET ASSETS 1,023,099 1,034,403

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,022,899 1,034,203
SHAREHOLDERS' FUNDS 1,023,099 1,034,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

BALANCE SHEET - continued
31 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 17 September 2024 and were signed by:





C R Peerless - Director


BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

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

1. STATUTORY INFORMATION

Beamray 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being amounts paid in connection with the acquisition of businesses in 1998 and 2002 is being written off evenly over its expected life of ten years.

Goodwill paid in connection with the acquisition of a business in 2004 is being written off evenly over its expected life of ten years.

Goodwill paid in connection with the acquisition of a business during the year is being written off evenly over its expected life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over lease term
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.


BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

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

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 276,150
AMORTISATION
At 1 January 2023 242,713
Amortisation for year 11,146
At 31 December 2023 253,859
NET BOOK VALUE
At 31 December 2023 22,291
At 31 December 2022 33,437

BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

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

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 62,863 13,746 21,527 39,236 137,372
Additions - - 566 3,438 4,004
At 31 December 2023 62,863 13,746 22,093 42,674 141,376
DEPRECIATION
At 1 January 2023 47,141 13,746 18,856 39,119 118,862
Charge for year 943 - 700 134 1,777
At 31 December 2023 48,084 13,746 19,556 39,253 120,639
NET BOOK VALUE
At 31 December 2023 14,779 - 2,537 3,421 20,737
At 31 December 2022 15,722 - 2,671 117 18,510

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 229,199
NET BOOK VALUE
At 31 December 2023 229,199
At 31 December 2022 229,199

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 96,427 68,620
Other debtors 550,671 593,796
647,098 662,416

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 23,720 42,495
Trade creditors 49,011 51,086
Taxation and social security 83,829 93,633
Other creditors 463,724 469,920
620,284 657,134

BEAMRAY LIMITED (REGISTERED NUMBER: 02974187)

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

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,661 39,381

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 100,250 100,250
Between one and five years 300,500 350,750
In more than five years 537,500 587,500
938,250 1,038,500

12. CONTINGENT LIABILITIES

There is a charge of £8,500 under the rent deposit deed created in favour of Monteadria (UK) Limited for the ground floor and basement of 88 Wigmore Street, London W1.

There is also a charge under the deed of deposit for all monies due to Standard Life Investment Funds Limited for all interest from time to time standing to the credit of an interest bearing account.

In addition there is a charge of £60,000 under the sale and purchase agreement in favour of Res Synd 03 Limited for all commission and fees received by Winkworth Franchising Limited and owed to Beamray Limited pursuant to the sales and lettings franchising agreements dated 10th August 1998.

13. RELATED PARTY DISCLOSURES

The Company maintains an loan which is repayable on demand, for the Directors. At the year end, the Directors were owned £51,543 (2022: £53,243).

The Company maintains interest free loans, repayable on demand, made to Wigmore Estate Agents Limited, a company which shares the same Director, from the Company. At the balance sheet date, the amount outstanding totalled £55,022 (2022: £81,987).

The Company maintains interest free loans, repayable on demand, made to Wood West Management Limited, a company which shares the same Director, from the Company. At the balance sheet date, the amount outstanding totalled £1,109 (2022: £699).