IRIS Accounts Production v24.3.0.553 03910116 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039101162023-03-31039101162024-03-31039101162023-04-012024-03-31039101162022-03-31039101162022-04-012023-03-31039101162023-03-3103910116ns15:EnglandWales2023-04-012024-03-3103910116ns14:PoundSterling2023-04-012024-03-3103910116ns10:Director12023-04-012024-03-3103910116ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103910116ns10:SmallEntities2023-04-012024-03-3103910116ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103910116ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103910116ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103910116ns10:FullAccounts2023-04-012024-03-3103910116ns10:OrdinaryShareClass12023-04-012024-03-3103910116ns10:Director22023-04-012024-03-3103910116ns10:RegisteredOffice2023-04-012024-03-3103910116ns5:CurrentFinancialInstruments2024-03-3103910116ns5:CurrentFinancialInstruments2023-03-3103910116ns5:Non-currentFinancialInstruments2024-03-3103910116ns5:Non-currentFinancialInstruments2023-03-3103910116ns5:ShareCapital2024-03-3103910116ns5:ShareCapital2023-03-3103910116ns5:RevaluationReserve2024-03-3103910116ns5:RevaluationReserve2023-03-3103910116ns5:RetainedEarningsAccumulatedLosses2024-03-3103910116ns5:RetainedEarningsAccumulatedLosses2023-03-3103910116ns5:FurnitureFittings2023-04-012024-03-3103910116ns5:MotorVehicles2023-04-012024-03-3103910116ns5:ComputerEquipment2023-04-012024-03-3103910116ns5:FurnitureFittings2023-03-3103910116ns5:MotorVehicles2023-03-3103910116ns5:ComputerEquipment2023-03-3103910116ns5:FurnitureFittings2024-03-3103910116ns5:MotorVehicles2024-03-3103910116ns5:ComputerEquipment2024-03-3103910116ns5:FurnitureFittings2023-03-3103910116ns5:MotorVehicles2023-03-3103910116ns5:ComputerEquipment2023-03-3103910116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103910116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103910116ns5:DeferredTaxation2023-03-3103910116ns5:DeferredTaxation2023-04-012024-03-3103910116ns5:DeferredTaxation2024-03-3103910116ns10:OrdinaryShareClass12024-03-3103910116ns5:RetainedEarningsAccumulatedLosses2023-03-3103910116ns5:RevaluationReserve2023-03-3103910116ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 03910116 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BEILBY'S MANCHESTER LIMITED

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BEILBY'S MANCHESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M Hadfield
Mrs C M Hadfield





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
PR1 6AS





REGISTERED NUMBER: 03910116 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 59,602 78,913
Investment property 5 415,000 370,000
474,602 448,913

CURRENT ASSETS
Debtors 6 1,342 984
Cash at bank 129,586 140,810
130,928 141,794
CREDITORS
Amounts falling due within one year 7 (16,601 ) (19,265 )
NET CURRENT ASSETS 114,327 122,529
TOTAL ASSETS LESS CURRENT LIABILITIES 588,929 571,442

CREDITORS
Amounts falling due after more than
one year

8

(22,323

)

(26,976

)

PROVISIONS FOR LIABILITIES 10 (53,710 ) (47,603 )
NET ASSETS 512,896 496,863

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair Value Reserve 12 235,088 291,827
Retained earnings 12 276,808 204,036
SHAREHOLDERS' FUNDS 512,896 496,863

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 16th October 2024 and were signed on its behalf by:





Mr M Hadfield - Director


BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Beilby's Manchester Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties were initially measured at cost, including transaction costs.

Subsequently under FRS 102, investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Fair Value Reserve in the period in which they arise.

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
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.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 6,099 98,935 5,588 110,622
Additions - - 1,148 1,148
Disposals - - (4,141 ) (4,141 )
At 31st March 2024 6,099 98,935 2,595 107,629
DEPRECIATION
At 1st April 2023 4,966 21,436 5,307 31,709
Charge for year 198 19,787 474 20,459
Eliminated on disposal - - (4,141 ) (4,141 )
At 31st March 2024 5,164 41,223 1,640 48,027
NET BOOK VALUE
At 31st March 2024 935 57,712 955 59,602
At 31st March 2023 1,133 77,499 281 78,913

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 370,000
Revaluations 45,000
At 31st March 2024 415,000
NET BOOK VALUE
At 31st March 2024 415,000
At 31st March 2023 370,000

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2018 140,734
Valuation in 2019 (14,500 )
Valuation in 2020 26,000
Valuation in 2022 63,000
Valuation in 2023 30,000
Valuation in 2024 45,000
Cost 124,766
415,000

If Investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 124,766 124,766

Investment properties were valued on an open market basis on 31st March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,342 984

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Payments on account 850 850
Other creditors 15,751 18,415
16,601 19,265

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 22,323 26,976

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Mortgages 27,236 32,150

The charges are as follows:

Legal Charge dated 19 November 2002 held by Capital Home Loans Limited over Freehold Property known as 38 Cannon Hill, Ashton-On-Ribble, Preston.

Legal Charge dated 18 March 2003 held by Capital Home Loans Limited over Freehold Property known as 27 Bridge Road, Ashton-On-Ribble, Preston.

Legal Charge dated 22 June 2004 held by Capital Home Loans Limited over Freehold Property known as 34 Hulton Street, Failsworth, Manchester

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 11,324 14,993
Tax Losses (12,758 ) (13,984 )
Revaluation Gains 55,144 46,594
53,710 47,603

Deferred
tax
£   
Balance at 1st April 2023 47,603
Charge to Income Statement during year 6,107
Balance at 31st March 2024 53,710

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

BEILBY'S MANCHESTER LIMITED (REGISTERED NUMBER: 03910116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


12. RESERVES
Fair
Retained Value
earnings Reserve Totals
£    £    £   

At 1st April 2023 204,036 291,827 495,863
Profit for the year 26,033 26,033
Dividends (10,000 ) (10,000 )
Revaluation in the year (45,000 ) 45,000 -
Transfer of Realised Reserves 46,595 (46,595 ) -
Deferred tax provision 55,144 (55,144 ) -
At 31st March 2024 276,808 235,088 511,896