Silverfin false false 30/04/2024 01/05/2023 30/04/2024 R J Andrade 25/02/2009 R J Underhill 25/02/2009 S I Underhill 25/02/2009 29 October 2024 The principal activity of the Company during the financial year was letting residential property and developing residential properties for resale. 03507353 2024-04-30 03507353 bus:Director1 2024-04-30 03507353 bus:Director2 2024-04-30 03507353 bus:Director3 2024-04-30 03507353 2023-04-30 03507353 core:CurrentFinancialInstruments 2024-04-30 03507353 core:CurrentFinancialInstruments 2023-04-30 03507353 core:Non-currentFinancialInstruments 2024-04-30 03507353 core:Non-currentFinancialInstruments 2023-04-30 03507353 core:ShareCapital 2024-04-30 03507353 core:ShareCapital 2023-04-30 03507353 core:RetainedEarningsAccumulatedLosses 2024-04-30 03507353 core:RetainedEarningsAccumulatedLosses 2023-04-30 03507353 core:CurrentFinancialInstruments core:Secured 2024-04-30 03507353 core:CurrentFinancialInstruments 1 2024-04-30 03507353 core:CurrentFinancialInstruments 1 2023-04-30 03507353 core:MoreThanFiveYears 2024-04-30 03507353 core:MoreThanFiveYears 2023-04-30 03507353 bus:OrdinaryShareClass1 2024-04-30 03507353 2023-05-01 2024-04-30 03507353 bus:FilletedAccounts 2023-05-01 2024-04-30 03507353 bus:SmallEntities 2023-05-01 2024-04-30 03507353 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03507353 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03507353 bus:Director1 2023-05-01 2024-04-30 03507353 bus:Director2 2023-05-01 2024-04-30 03507353 bus:Director3 2023-05-01 2024-04-30 03507353 2022-05-01 2023-04-30 03507353 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 03507353 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 03507353 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03507353 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03507353 (England and Wales)

BEECHES ONE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

BEECHES ONE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BEECHES ONE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
BEECHES ONE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 1,233,397 1,233,397
Debtors
- due within one year 3 1,421,688 1,688
- due after more than one year 3 522,000 1,942,000
Cash at bank and in hand 13,607 51,264
3,190,692 3,228,349
Creditors: amounts falling due within one year 4 ( 3,404,074) ( 3,074,072)
Net current (liabilities)/assets (213,382) 154,277
Total assets less current liabilities (213,382) 154,277
Creditors: amounts falling due after more than one year 5 0 ( 392,213)
Net liabilities ( 213,382) ( 237,936)
Capital and reserves
Called-up share capital 6 4 4
Profit and loss account ( 213,386 ) ( 237,940 )
Total shareholders' deficit ( 213,382) ( 237,936)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Beeches One Limited (registered number: 03507353) were approved and authorised for issue by the Board of Directors on 29 October 2024. They were signed on its behalf by:

R J Underhill
Director
BEECHES ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BEECHES ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beeches One Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is The Old Rectory, 38 Broad Street, Ludlow, Shropshire, SY8 1NL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £213,383. The Company is supported through loans from connected companies. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the connected companies will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year 0 0

3. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Other debtors 1,421,688 1,688
Debtors: amounts falling due after more than one year
Other debtors 522,000 1,942,000

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 393,296 27,447
Trade creditors 222 145
Amounts owed to connected companies 2,000,505 1,996,329
Amounts owed to directors 999,227 1,043,405
Accruals 2,700 2,413
Taxation and social security 8,124 4,333
3,404,074 3,074,072

The loans are secured by fixed and floating charges over the assets of the company.

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 0 392,213

The long-term loans are secured by fixed and floating charges over the assets of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 0 282,424

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the director 999,227 1,043,405

This amounts due to the company directors are interest free, with no fixed date for repayment