Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-10-012falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10884047 2022-10-01 2023-09-30 10884047 2021-10-01 2022-09-30 10884047 2023-09-30 10884047 2022-09-30 10884047 c:Director1 2022-10-01 2023-09-30 10884047 d:CurrentFinancialInstruments 2023-09-30 10884047 d:CurrentFinancialInstruments 2022-09-30 10884047 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10884047 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10884047 d:ShareCapital 2023-09-30 10884047 d:ShareCapital 2022-09-30 10884047 d:RetainedEarningsAccumulatedLosses 2023-09-30 10884047 d:RetainedEarningsAccumulatedLosses 2022-09-30 10884047 c:OrdinaryShareClass1 2022-10-01 2023-09-30 10884047 c:OrdinaryShareClass1 2023-09-30 10884047 c:OrdinaryShareClass1 2022-09-30 10884047 c:FRS102 2022-10-01 2023-09-30 10884047 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10884047 c:FullAccounts 2022-10-01 2023-09-30 10884047 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10884047 2 2022-10-01 2023-09-30 10884047 6 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10884047









BEAT CONCEPTS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BEAT CONCEPTS HOLDINGS LIMITED
REGISTERED NUMBER: 10884047

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,001
1,001

  
1,001
1,001

Current assets
  

Stocks
  
687,000
870,000

Debtors: amounts falling due within one year
 5 
1,667,436
1,274,505

Current asset investments
 6 
1,458,564
1,941,186

Cash at bank and in hand
 7 
53,416
103,637

  
3,866,416
4,189,328

Creditors: amounts falling due within one year
 8 
(38,822)
(15,326)

Net current assets
  
 
 
3,827,594
 
 
4,174,002

Total assets less current liabilities
  
3,828,595
4,175,003

  

Net assets
  
3,828,595
4,175,003


Capital and reserves
  

Called up share capital 
 9 
4
4

Profit and loss account
  
3,828,591
4,174,999

  
3,828,595
4,175,003


Page 1

 
BEAT CONCEPTS HOLDINGS LIMITED
REGISTERED NUMBER: 10884047
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider 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 directors acknowledge their 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 on 28 October 2024.

M Benjamin
Director

Page 2

 
BEAT CONCEPTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Beat Concepts Holdings Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
BEAT CONCEPTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

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. 

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Interest income

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

Page 4

 
BEAT CONCEPTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.12

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 October 2022
1,001



At 30 September 2023
1,001





5.


Debtors

2023
2022
£
£


Other debtors
1,667,436
1,274,505

1,667,436
1,274,505



6.


Current asset investments

2023
2022
£
£

Listed investments
1,458,564
1,941,186

1,458,564
1,941,186


Page 5

 
BEAT CONCEPTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
53,416
103,637

53,416
103,637



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,968
2,015

Corporation tax
32,854
13,311

38,822
15,326



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 (2022 - 4) Ordinary shares of £1.00 each
4
4



10.


Transactions with directors

During the year, M Benjamin, a director, received loans of £21,968 from the company which was repaid after the year end. At the reporting date the balance outstanding was £847,834 (2022: £885,866). 


11.


Controlling party

Throughout the year, the company was under the control of M Benjamin and A Benjamin, the directors by virtue of their shareholding.
Under S.405 of the Companies Act 2006, the company is exempt from producing consolidated accounts.

Page 6