2023-10-012024-04-302024-04-30false08174703BEAUFORT 12 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BEAUFORT 12 LIMITED

Registered Number
08174703
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2024

BEAUFORT 12 LIMITED
Company Information
for the period from 1 October 2023 to 30 April 2024

Directors

ASTON, Matthew John
LAYTON, Ross Grant

Registered Address

The Dutch Barn Bremhill Grove Farm
East Tytherton
Chippenham
SN15 4LX

Registered Number

08174703 (England and Wales)
BEAUFORT 12 LIMITED
Balance Sheet as at
30 April 2024

Notes

30 Apr 2024

30 Sep 2023

£

£

£

£

Fixed assets
Tangible assets554,61459,260
54,61459,260
Current assets
Debtors809,396753,342
Current asset investments-508,399
Cash at bank and on hand124,61380,525
934,0091,342,266
Creditors amounts falling due within one year6(192,120)(198,023)
Net current assets (liabilities)741,8891,144,243
Total assets less current liabilities796,5031,203,503
Net assets796,5031,203,503
Capital and reserves
Called up share capital22
Other reserves11
Profit and loss account796,5001,203,500
Shareholders' funds796,5031,203,503
The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2024, and are signed on its behalf by:
ASTON, Matthew John
Director
LAYTON, Ross Grant
Director

Registered Company No. 08174703
BEAUFORT 12 LIMITED
Notes to the Financial Statements
for the period ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life of 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Fixtures and fittings25-
Vehicles-3
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year02
3.Further information regarding the company's income
The results for the period relating to discontinued operations are as follows: £741,070 turnover and £95,693 cost of sales, contributing £645,377 of the gross profit for the period.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 237,1007,100
Disposals(7,100)(7,100)
Amortisation and impairment
At 01 October 237,1007,100
On disposals(7,100)(7,100)
Net book value
At 30 April 24--
At 30 September 23--
5.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 2346,8021,49815,60026,35990,259
Disposals-(1,498)-(568)(2,066)
At 30 April 2446,802-15,60025,79188,193
Depreciation and impairment
At 01 October 234,3861,4568,65216,50530,999
Charge for year-421,0143,5904,646
On disposals-(1,498)-(568)(2,066)
At 30 April 244,386-9,66619,52733,579
Net book value
At 30 April 2442,416-5,9346,26454,614
At 30 September 2342,416426,9489,85459,260
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,35961,845
Taxation and social security3,3154,551
Other creditors3943
Accrued liabilities and deferred income172,407131,584
Total192,120198,023
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Related party transactions
During the year, the company paid management charges of £nil (2023: £135,022) to Beaufort12 PTY Ltd (a company registered in Australia), a related party. During the year, the company paid management charges of £560,000 (£2023: £420,000), and received commission of £103,311 (2023: £nil), to/from Beaufort Dubai Ltd (a company registered in Dubai), a related party. At the year end, the company was owed £651,159 (2023: £599,883) by Beaufort Dubai Ltd.