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REGISTERED NUMBER: SC395638 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Beech Properties (Glasgow) Limited

Beech Properties (Glasgow) Limited (Registered number: SC395638)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beech Properties (Glasgow) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Rakhra
C Rakhra
A S Rakhra





REGISTERED OFFICE: 41 Nelson Street
Glasgow
G5 8DZ





REGISTERED NUMBER: SC395638 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Beech Properties (Glasgow) Limited (Registered number: SC395638)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120 120
Tangible assets 5 2,161,238 2,029,117
2,161,358 2,029,237

CURRENT ASSETS
Cash at bank 134,886 718,647

CREDITORS
Amounts falling due within one year 6 909,995 1,493,321
NET CURRENT LIABILITIES (775,109 ) (774,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,386,249

1,254,563

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,386,149 1,254,463
SHAREHOLDERS' FUNDS 1,386,249 1,254,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 17 October 2024 and were signed on its behalf by:




C Rakhra - Director


Beech Properties (Glasgow) Limited (Registered number: SC395638)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Beech Properties (Glasgow) Limited is a private company, limited by shares , registered in Scotland. 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.

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

Goodwill
Formation expenses, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Furnishings - 15% on reducing balance

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 2 (2023 - 3 ) .

Beech Properties (Glasgow) Limited (Registered number: SC395638)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 120
NET BOOK VALUE
At 31 March 2024 120
At 31 March 2023 120

5. TANGIBLE FIXED ASSETS
Freehold
property Furnishings Totals
£    £    £   
COST
At 1 April 2023 2,020,258 13,580 2,033,838
Additions 133,450 - 133,450
At 31 March 2024 2,153,708 13,580 2,167,288
DEPRECIATION
At 1 April 2023 - 4,721 4,721
Charge for year - 1,329 1,329
At 31 March 2024 - 6,050 6,050
NET BOOK VALUE
At 31 March 2024 2,153,708 7,530 2,161,238
At 31 March 2023 2,020,258 8,859 2,029,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors & accrued chgs 48,134 24,732
Tax 43,418 31,763
Tenants Deposits 4,517 2,251
Directors' current accounts 813,926 1,434,575
909,995 1,493,321

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Beech Properties (Glasgow) Limited (Registered number: SC395638)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 1,254,463
Profit for the year 131,686
At 31 March 2024 1,386,149