Beech Holdings Limited |
Notes to the Accounts |
for the year ended 31 May 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Investments |
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Investments in subsidiaries are measured at cost less any accumulated impairment losses. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Investments |
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Other |
investments |
£ |
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Cost |
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At 31 May 2023 & 2024 |
2,108,599 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
1,000,000 |
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250,000 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
984 |
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788 |
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Accruals and deferred income |
1,140 |
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960 |
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2,124 |
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1,748 |
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6 |
Controlling party |
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The controlling party is S K Beechener. |
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7 |
Other information |
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Beech Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Lodge,Castle Bromwich Hall, Chester Road, |
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Castle Bromwich |
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Birmingham |
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West Midlands |
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B36 9DE |