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REGISTERED NUMBER: 02322078 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Beechwood Estates & Development Ltd

Beechwood Estates & Development Ltd (Registered number: 02322078)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Beechwood Estates & Development Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J R T Arnold
Mr R W S Arnold
Mrs V Arnold





SECRETARY: Mr J R T Arnold





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 02322078 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Beechwood Estates & Development Ltd (Registered number: 02322078)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,523,145 4,304,447
Investments 5 165,439 165,439
4,688,584 4,469,886

CURRENT ASSETS
Stocks 8,063 8,063
Debtors 45,757 111,967
Cash at bank 24,456 26,364
78,276 146,394
CREDITORS
Amounts falling due within one year 397,658 394,568
NET CURRENT LIABILITIES (319,382 ) (248,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,369,202

4,221,712

CREDITORS
Amounts falling due after more than one
year

6

(1,757,896

)

(1,705,083

)

PROVISIONS FOR LIABILITIES 8 (96,852 ) (32,040 )
NET ASSETS 2,514,454 2,484,589

CAPITAL AND RESERVES
Called up share capital 9 200 200
Undistributable reserves 1,303,833 1,147,960
Retained earnings 1,210,421 1,336,429
SHAREHOLDERS' FUNDS 2,514,454 2,484,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Beechwood Estates & Development Ltd (Registered number: 02322078)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




Mr J R T Arnold - Director



Mr R W S Arnold - Director


Beechwood Estates & Development Ltd (Registered number: 02322078)

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

1. STATUTORY INFORMATION

Beechwood Estates & Development Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents of commercial properties and sales of development dwellings, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold investment property-No depreciation
Plant & machinery-25% on reducing balance
Equipment-25% on reducing balance


The revaluation of properties are considered annually, by the directors, and included in the balance sheet at their open market value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Beechwood Estates & Development Ltd (Registered number: 02322078)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 4,324,188
Additions 642
Revaluations 221,000
At 31 March 2024 4,545,830
DEPRECIATION
At 1 April 2023 19,741
Charge for year 2,944
At 31 March 2024 22,685
NET BOOK VALUE
At 31 March 2024 4,523,145
At 31 March 2023 4,304,447

The brought forward valuation of the investment property was undertaken by the director of the company at market value of £4,300,000 on the 31st March 2023. The directors have concluded that there has been a revaluation of £221,000 leaving a market value of £4,521,000 on the 31st of March 2024.

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2024 221,000
Cost 4,324,830
4,545,830

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 165,439
NET BOOK VALUE
At 31 March 2024 165,439
At 31 March 2023 165,439

Beechwood Estates & Development Ltd (Registered number: 02322078)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Cambridge Land Ltd 267,006 267,006

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 490,890 428,039

The bank loans are secured on the company's properties, The Old School, Wilburton, Cambridgeshire, 2 Beveridge Way and Units 3-7, Freesian Way, Hardwick Narrows Industrial Estate, Kings Lynn, Norfolk, Rosedale & Ryedale Cambridge Place, Cambridge.

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 96,852 32,040

Deferred
tax
£   
Balance at 1 April 2023 32,040
Provided during year (315 )
Movement in year 65,127
Balance at 31 March 2024 96,852

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
70 Ordinary A shares £1.00 70 70
130 Ordinary B shares £1.00 130 130
200 200