Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13979413 2023-04-01 2024-03-31 13979413 2022-03-16 2023-03-31 13979413 2024-03-31 13979413 2023-03-31 13979413 c:Director1 2023-04-01 2024-03-31 13979413 d:MotorVehicles 2023-04-01 2024-03-31 13979413 d:MotorVehicles 2024-03-31 13979413 d:MotorVehicles 2023-03-31 13979413 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13979413 d:OfficeEquipment 2023-04-01 2024-03-31 13979413 d:OfficeEquipment 2024-03-31 13979413 d:OfficeEquipment 2023-03-31 13979413 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13979413 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13979413 d:CurrentFinancialInstruments 2024-03-31 13979413 d:CurrentFinancialInstruments 2023-03-31 13979413 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13979413 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13979413 d:ShareCapital 2024-03-31 13979413 d:ShareCapital 2023-03-31 13979413 d:RetainedEarningsAccumulatedLosses 2024-03-31 13979413 d:RetainedEarningsAccumulatedLosses 2023-03-31 13979413 c:FRS102 2023-04-01 2024-03-31 13979413 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13979413 c:FullAccounts 2023-04-01 2024-03-31 13979413 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13979413 2 2023-04-01 2024-03-31 13979413 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13979413









BEECH HILL CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BEECH HILL CAPITAL LTD
REGISTERED NUMBER: 13979413

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,106
-

  
16,106
-

Current assets
  

Debtors: amounts falling due within one year
 5 
984,520
1

Current asset investments
  
50,000
-

Cash at bank and in hand
 7 
230,010
-

  
1,264,530
1

Creditors: amounts falling due within one year
 8 
(1,276,196)
-

Net current (liabilities)/assets
  
 
 
(11,666)
 
 
1

Total assets less current liabilities
  
4,440
1

  

Net assets
  
4,440
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,439
-

  
4,440
1


Page 1

 
BEECH HILL CAPITAL LTD
REGISTERED NUMBER: 13979413
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Leverett
Director

Date: 15 October 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Beech Hill Capital Ltd is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the
Page 5

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


Additions
9,360
7,768
17,128



At 31 March 2024

9,360
7,768
17,128



Depreciation


Charge for the year on owned assets
64
958
1,022



At 31 March 2024

64
958
1,022



Net book value



At 31 March 2024
9,296
6,810
16,106



At 31 March 2023
-
-
-

Page 6

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
972,187
1

Prepayments and accrued income
12,333
-

984,520
1



6.


Current asset investments

2024
2023
£
£

Unlisted investments
50,000
-

50,000
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
230,010
-

230,010
-



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,759
-

Other creditors
1,272,437
-

1,276,196
-


Page 7

 
BEECH HILL CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

Included in other debtors is an amount of £462,270 (2023: £NIL) owed from Arabin Capital Ltd, a company under common control and directorship. There are no terms for the repayment of this balance. 
Included in other debtors is an amount of £598 (2023: £NIL) owed from JJSM Limted, a company under common control and directorship. There are no terms for the repayment of this balance. 
Included in other debtors is an amount of £59,320 (2023: £NIL) owed from Leverett Property Management Ltd,  a company under common control and directorship. There are no terms for the repayment of this balance. 

 
Page 8