Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falsedormant11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12408960 2023-02-01 2024-01-31 12408960 2022-02-01 2023-01-31 12408960 2024-01-31 12408960 2023-01-31 12408960 2022-02-01 12408960 5 2023-02-01 2024-01-31 12408960 d:Director1 2023-02-01 2024-01-31 12408960 e:Buildings e:LongLeaseholdAssets 2023-02-01 2024-01-31 12408960 e:LeaseholdInvestmentProperty 2024-01-31 12408960 e:LeaseholdInvestmentProperty 2023-01-31 12408960 e:LeaseholdInvestmentProperty 2 2023-02-01 2024-01-31 12408960 e:CurrentFinancialInstruments 2024-01-31 12408960 e:CurrentFinancialInstruments 2023-01-31 12408960 e:Non-currentFinancialInstruments 2024-01-31 12408960 e:Non-currentFinancialInstruments 2023-01-31 12408960 e:CurrentFinancialInstruments e:WithinOneYear 2024-01-31 12408960 e:CurrentFinancialInstruments e:WithinOneYear 2023-01-31 12408960 e:Non-currentFinancialInstruments e:AfterOneYear 2024-01-31 12408960 e:Non-currentFinancialInstruments e:AfterOneYear 2023-01-31 12408960 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-01-31 12408960 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-01-31 12408960 e:ShareCapital 2023-02-01 2024-01-31 12408960 e:ShareCapital 2024-01-31 12408960 e:ShareCapital 2022-02-01 2023-01-31 12408960 e:ShareCapital 2023-01-31 12408960 e:ShareCapital 2022-02-01 12408960 e:RevaluationReserve 2023-02-01 2024-01-31 12408960 e:RevaluationReserve 2024-01-31 12408960 e:RevaluationReserve 5 2023-02-01 2024-01-31 12408960 e:RevaluationReserve 2023-01-31 12408960 e:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12408960 e:RetainedEarningsAccumulatedLosses 2024-01-31 12408960 e:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 12408960 e:RetainedEarningsAccumulatedLosses 2023-01-31 12408960 e:RetainedEarningsAccumulatedLosses 2022-02-01 12408960 e:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12408960 e:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12408960 d:FRS102 2023-02-01 2024-01-31 12408960 d:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12408960 d:FullAccounts 2023-02-01 2024-01-31 12408960 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12408960 5 2023-02-01 2024-01-31 12408960 f:PoundSterling 2023-02-01 2024-01-31 12408960 e:RetainedEarningsAccumulatedLosses 5 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12408960










BESWICK BUILDING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
BESWICK BUILDING LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BESWICK BUILDING LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beswick Building Limited for the year ended 31 January 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Beswick Building Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Beswick Building Limited and state those matters that we have agreed to state to the director of Beswick Building Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beswick Building Limited and its director for our work or for this report. 

It is your duty to ensure that Beswick Building Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beswick Building Limited. You consider that Beswick Building Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beswick Building Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
21 October 2024
Page 1

 
BESWICK BUILDING LIMITED
REGISTERED NUMBER: 12408960

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
183,491
182,741

  
183,491
182,741

Current assets
  

Debtors: amounts falling due within one year
  
505
-

Cash at bank and in hand
  
1,821
1,501

  
2,326
1,501

Creditors: amounts falling due within one year
 6 
(64,951)
(63,590)

Net current liabilities
  
 
 
(62,625)
 
 
(62,089)

Total assets less current liabilities
  
120,866
120,652

Creditors: amounts falling due after more than one year
 7 
(125,606)
(125,606)

Provisions for liabilities
  

Deferred tax
  
(143)
-

  
 
 
(143)
 
 
-

Net liabilities
  
(4,883)
(4,954)


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
750
-

Profit and loss account
  
(5,635)
(4,956)

  
(4,883)
(4,954)


Page 2

 
BESWICK BUILDING LIMITED
REGISTERED NUMBER: 12408960
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 20 October 2024.




M Beswick
Director

The notes on pages 6 to 12 form part of these financial statements.

Page 3

 
BESWICK BUILDING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 February 2023
2
-
(4,956)
(4,954)


Comprehensive income for the year

Profit for the year

-
-
71
71

Deficit on revaluation of freehold property
-
-
(750)
(750)


Other comprehensive income for the year
-
-
(750)
(750)


Total comprehensive income for the year
-
-
(679)
(679)


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
750
-
750


Total transactions with owners
-
750
-
750


At 31 January 2024
2
750
(5,635)
(4,883)


The notes on pages 6 to 12 form part of these financial statements.

Page 4

 
BESWICK BUILDING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2022
2
-
2


Comprehensive income for the year

Loss for the year

-
(4,956)
(4,956)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(4,956)
(4,956)


Total transactions with owners
-
-
-


At 31 January 2023
2
(4,956)
(4,954)


The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
 
At 31st January 2024, the company had net liabilities of £4,883.  The company is reliant on the support of the Director.  It is the intention of the Director to support the company, and therefore these accounts have been prepared on a going concern basis..

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
1.3

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 6

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.6

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, using the methods below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Not depreciated

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.

Page 7

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
1.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.9

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.

 
1.10

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.

 
1.11

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.

 
1.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 8

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 12408960
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1

Page 9

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 February 2023
182,741


Surplus on revaluation
750



At 31 January 2024
183,491

The 2024 valuations were made by Nationwide Building Society, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
165,000
165,000

165,000
165,000


5.


Debtors

2024
2023
£
£


Trade debtors
505
-

505
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1
1

Other creditors
64,050
63,189

Accruals and deferred income
900
400

64,951
63,590


Page 10

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
125,606
125,606

125,606
125,606



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
125,606
125,606

125,606
125,606

125,606
125,606



9.


Deferred taxation




2024


£






Charged to profit or loss
(143)



At end of year
(143)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(143)
-

(143)
-

Page 11

 
BESWICK BUILDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Related party transactions

The amount due to the director M Beswick, and included in other creditors at the reporting date, was £20,921 (2023: £21,189). The loan does not attract a rate of interest and is repayable on demand.
Included within creditors is an intercompany balance of £43,129 (2023 - £42,000) due to a related party, Beswick Building and Renovations Limited.

 
Page 12