Beamlech Limited 01783487 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true 01783487 2023-04-01 2024-03-31 01783487 2024-03-31 01783487 core:RetainedEarningsAccumulatedLosses 2024-03-31 01783487 core:RevaluationReserve 2024-03-31 01783487 core:ShareCapital 2024-03-31 01783487 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01783487 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 01783487 core:MoreThanFiveYears 1 2024-03-31 01783487 bus:SmallEntities 2023-04-01 2024-03-31 01783487 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01783487 bus:FilletedAccounts 2023-04-01 2024-03-31 01783487 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01783487 bus:RegisteredOffice 2023-04-01 2024-03-31 01783487 bus:Director2 2023-04-01 2024-03-31 01783487 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01783487 countries:England 2023-04-01 2024-03-31 01783487 2023-03-31 01783487 2022-04-01 2023-03-31 01783487 2023-03-31 01783487 core:RetainedEarningsAccumulatedLosses 2023-03-31 01783487 core:RevaluationReserve 2023-03-31 01783487 core:ShareCapital 2023-03-31 01783487 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01783487 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 01783487 core:MoreThanFiveYears 1 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 01783487

Beamlech Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Beamlech Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Beamlech Limited

Balance Sheet

as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

470,000

470,000

Current assets

 

Cash at bank and in hand

 

112,207

434,830

Creditors: Amounts falling due within one year

5

(34,784)

(55,512)

Net current assets

 

77,423

379,318

Total assets less current liabilities

 

547,423

849,318

Creditors: Amounts falling due after more than one year

5

(255,335)

(572,804)

Net assets

 

292,088

276,514

Capital and reserves

 

Allotted, called up and fully paid share capital

121,500

121,500

Revaluation reserve

283,740

283,740

Profit and loss account

(113,152)

(128,726)

Shareholders' funds

 

292,088

276,514

Registration number: 01783487

 

Beamlech Limited

Balance Sheet

as at 31 March 2024 (continued)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

.........................................
Mr E B McMullan
Director

 

Beamlech Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01783487.

The address of its registered office is:
Hargrave House
50 Bunyan Road
Kempston
Bedford
Bedfordshire
MK42 8HL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the rent received for the investment property.

 

Beamlech Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 April 2022 and 31 March 2023

470,000


 

The directors are of the opinion that the value in the accounts reflects its fair value at the year end.

 

Beamlech Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2024 (continued)

5

Creditors

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

400

Bank loan

27,046

52,295

Corporation tax liability

 

5,621

572

Accruals and deferred income

 

2,117

2,245

 

34,784

55,512

Due after one year

 

Bank loan

255,335

572,804


 

2024
£

2023
£

Due after more than five years

After more than five years by instalments

131,543

334,350

-

-

Creditors include a bank loan of £282,381 (2023: £625,099) which is secured by way of a fixed charge over the company investment property and a guarantee given by a connected company.