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REGISTERED NUMBER: 12054995 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

BEECHWOOD AVENUE PROPERTIES LIMITED

BEECHWOOD AVENUE PROPERTIES LIMITED (REGISTERED NUMBER: 12054995)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEECHWOOD AVENUE PROPERTIES LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: O D Kuropatwa
A J Kuropatwa





REGISTERED OFFICE: 8 St. Thomas Street
London
London
SE1 9RR





REGISTERED NUMBER: 12054995 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

BEECHWOOD AVENUE PROPERTIES LIMITED (REGISTERED NUMBER: 12054995)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,060,993 6,639,545
Debtors 4 2,235,797 242,712
Cash at bank 6,121 7,479
3,302,911 6,889,736
CREDITORS
Amounts falling due within one year 5 1,452,775 4,675,758
NET CURRENT ASSETS 1,850,136 2,213,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,850,136

2,213,978

CAPITAL AND RESERVES
Called up share capital 2,352,001 2,352,001
Retained earnings (501,865 ) (138,023 )
1,850,136 2,213,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 28 November 2024 and were signed on its behalf by:





A J Kuropatwa - Director


BEECHWOOD AVENUE PROPERTIES LIMITED (REGISTERED NUMBER: 12054995)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Beechwood Avenue Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Work-in-progress
Work-in-progress is stated at the lower of cost and ret realisable value, being the estimated selling price, less costs to complete and sell the development properties. All costs of finance and other costs associated with the acquisition and development of the properties is included in work-in-progress.

Work-in-progress includes the cost of acquisition of the leasehold land lying to the north of North Circular Road, Barnet, London under lease dated 23 August 2019 between Transport for London and Beechwood Avenue Properties Limited for a term of 250 years from 23 August 2019 and registered at the Land Registry with Title Absolute under title number AGL486593.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,080,362 15,000
Other debtors 155,435 227,712
2,235,797 242,712

BEECHWOOD AVENUE PROPERTIES LIMITED (REGISTERED NUMBER: 12054995)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 239,161 3,130,404
Amounts owed to group undertakings 1,006,782 1,443,174
Other creditors 206,832 102,180
1,452,775 4,675,758

6. SECURED DEBTS

The bank loan was made available to the company by way of a secured interest bearing facility. The property is secured as detailed in the Work-in-progress accounting policy note, by way of a first debenture incorporating a first legal charge over the development property.

7. RELATED PARTY DISCLOSURES

As at 29 February 2024, the company had loans receivable from related party companies of £2,080,362 (2023: £15,000). The loans are interest free and repayable on demand and are show in debtors due within one year.

As at 29 February 2024, the company had loans payable to related party companies of £1,006,782 (2023: £1,443,174). The loans are interest free and repayable on demand and are show in creditors due within one year.