Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The principal activity of the company is property trading2023-04-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09423030 2023-04-01 2024-03-31 09423030 2022-04-01 2023-03-31 09423030 2024-03-31 09423030 2023-03-31 09423030 c:Director2 2023-04-01 2024-03-31 09423030 d:CurrentFinancialInstruments 2024-03-31 09423030 d:CurrentFinancialInstruments 2023-03-31 09423030 d:Non-currentFinancialInstruments 2024-03-31 09423030 d:Non-currentFinancialInstruments 2023-03-31 09423030 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09423030 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09423030 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09423030 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09423030 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09423030 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09423030 d:ShareCapital 2024-03-31 09423030 d:ShareCapital 2023-03-31 09423030 d:RetainedEarningsAccumulatedLosses 2024-03-31 09423030 d:RetainedEarningsAccumulatedLosses 2023-03-31 09423030 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09423030 c:OrdinaryShareClass1 2024-03-31 09423030 c:OrdinaryShareClass1 2023-03-31 09423030 c:FRS102 2023-04-01 2024-03-31 09423030 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09423030 c:FullAccounts 2023-04-01 2024-03-31 09423030 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09423030 2 2023-04-01 2024-03-31 09423030 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 09423030 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09423030














BECKINGFORD ESTATES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
BECKINGFORD ESTATES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
BECKINGFORD ESTATES LIMITED
REGISTERED NUMBER:09423030

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
7,981,054
7,981,054

Debtors: amounts falling due within one year
 5 
246,997
208,256

Cash at bank
 6 
7,678
21,618

  
8,235,729
8,210,928

Creditors: amounts falling due within one year
 7 
(3,227,615)
(3,002,543)

Net current assets
  
 
 
5,008,114
 
 
5,208,385

Total assets less current liabilities
  
5,008,114
5,208,385

Creditors: amounts falling due after more than one year
 8 
(5,000,000)
(5,000,000)

  

Net assets
  
8,114
208,385


Capital and reserves
  

Called up share capital 
 11 
4
4

Profit and loss account
  
8,110
208,381

  
8,114
208,385


1

 
BECKINGFORD ESTATES LIMITED
REGISTERED NUMBER:09423030
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 profit and loss account 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 by: 



D Rosenberg
Director

Date: 8 January 2025

The notes on pages 3 to 7 form part of these financial statements.

2

 
BECKINGFORD ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Beckingford Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 09423030. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is 17 Grosvenor Hill, Mayfair, London, W1K 3QB.
The principal activity of the company is property trading.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
BECKINGFORD ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other
costs incurred in bringing the stock to its present location and condition.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

 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. 

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4

 
BECKINGFORD ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Stocks

2024
2023
£
£

Stock of property
7,981,054
7,981,054



5.


Debtors

2024
2023
£
£


Trade debtors
6,271
6,271

Other debtors
100,774
123,751

Prepayments
42,747
47,785

Deferred taxation
97,205
30,449

246,997
208,256



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
7,678
21,618



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to associates
2,791,119
2,791,119

Other creditors
353,131
149,248

Accruals and deferred income
83,365
62,176

3,227,615
3,002,543


5

 
BECKINGFORD ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,000,000
5,000,000


The bank loan is secured on the property held in stock


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
5,000,000
5,000,000




10.


Deferred taxation




2024


£






At beginning of year
30,449


Charged to profit or loss
66,756



At end of year
97,205

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
97,205
30,449


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares of £1.00 each
4
4


6

 
BECKINGFORD ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Related party transactions

Included in creditors, are amounts owed to associated companies totalling £2,791,119 (2023 -£2,791,119). The loans are interest free and repayable on demand.

Included in other creditors are loans from companies under the control of the directors totalling £352,748 (2023 - £149,248) . The loans are interest free and repayable on demand.

 
7