REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Beaver Developments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Beaver Developments Limited |
Beaver Developments Limited (Registered number: 01578823) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Beaver Developments Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Roland House |
Princes Dock Street |
HULL HU1 2LD |
Beaver Developments Limited (Registered number: 01578823) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
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 |
Beaver Developments Limited (Registered number: 01578823) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Beaver Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents and management fees receivable. |
Tangible fixed assets |
Plant and machinery etc | - |
Freehold property is included at historical 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Beaver Developments Limited (Registered number: 01578823) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Freehold property is held at historical cost. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Beaver Developments Limited (Registered number: 01578823) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
2024 | 2023 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 5,000 | 5,000 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2023 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 31 March 2024 |
Beaver Developments Limited (Registered number: 01578823) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year an amount of £1,867 (2023 £89,363) was advanced to T Healey, this amount was outstanding at the year end but repaid shortly after. Interest has been charged at the HMRC rate of 2.25% . |
During the year £6,987 (2023 £2,522) was advanced to TW Healey, this amount was outstanding at the year end but repaid shortly after. |
11. | RELATED PARTY DISCLOSURES |
Mr T Healey and Mr T W Healey, directors, are also both directors of Stoneferry Estates Limited. During the year, the company supplied services to Stoneferry Estates Limited to the value of £65,000 (2023 - £65,000). |
All the above transactions were on normal commercial terms. |
At 31 March 2024 the company was owed £207,675 ( 2024 £75,175) from Stoneferry Lettings Limited, a wholly owned subsidiary. The loan was interest free and repayable on demand. |
During the year the following dividends were paid: |
£ |
Mr T Healey - director | 51,000 |
Mrs Z Healey - director | 19,000 |
Mr T W Healey - director | 10,000 |
Mr J Healey - son of Mr T and Mrs Z Healey | 10,000 |
Mr B Healey - son of Mr T and Mrs Z Healey | 10,000 |
At the balance sheet date Mrs Z Healey a director was owed £1,518 (2023 - £5,734) by the company. |
At the balance sheet date Mr J Healey, a shareholder and a son of Mr T and Mrs Z Healey, was owed £14,635 (2023 - £10,670) by the company. |
At the balance sheet date Mr B Healey, a shareholder and a son of Mr T and Mrs Z Healey, owed the company £6,983 (2023 - £1,057) |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr T Healey. |