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REGISTERED NUMBER: 03097362 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BEACHETWOOD HOLDINGS LIMITED

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEACHETWOOD HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M C Stansfield
Mr M Johnson





SECRETARY: M Johnson





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 03097362 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,553 20,738
Investments 5 1,745,672 2,199,130
Investment property 6 1,875,407 1,875,407
3,636,632 4,095,275

CURRENT ASSETS
Stocks 916,186 865,282
Debtors 7 1,867,651 1,564,314
Cash at bank and in hand 476,810 789,031
3,260,647 3,218,627
CREDITORS
Amounts falling due within one year 8 1,965,076 1,290,263
NET CURRENT ASSETS 1,295,571 1,928,364
TOTAL ASSETS LESS CURRENT LIABILITIES 4,932,203 6,023,639

CREDITORS
Amounts falling due after more than one
year

9

(951,103

)

(1,957,206

)

PROVISIONS FOR LIABILITIES 12 (3,867 ) (5,159 )
NET ASSETS 3,977,233 4,061,274

CAPITAL AND RESERVES
Called up share capital 13 1,005 1,005
Non distributable reserve 14 (59,838 ) (149,556 )
Retained earnings 4,036,066 4,209,825
SHAREHOLDERS' FUNDS 3,977,233 4,061,274

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.

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

BALANCE SHEET - continued
31ST MARCH 2024


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 27th January 2025 and were signed on its behalf by:





M C Stansfield - Director


BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

1. STATUTORY INFORMATION

Beachetwood Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Beachetwood Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock is represented by properties which are initially stated at cost and then held at the lower of this initial amount and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the properties to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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.


BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 128,291
DEPRECIATION
At 1st April 2023 107,553
Charge for year 5,185
At 31st March 2024 112,738
NET BOOK VALUE
At 31st March 2024 15,553
At 31st March 2023 20,738

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 90,616
DEPRECIATION
At 1st April 2023 70,008
Charge for year 5,152
At 31st March 2024 75,160
NET BOOK VALUE
At 31st March 2024 15,456
At 31st March 2023 20,608

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 2,199,130
Additions 201,345
Disposals (744,521 )
Revaluations 168,219
Impairments (78,501 )
At 31st March 2024 1,745,672
NET BOOK VALUE
At 31st March 2024 1,745,672
At 31st March 2023 2,199,130

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2022 (41,096 )
Valuation in 2023 (108,461 )
Valuation in 2024 89,718
Cost 1,805,511
1,745,672

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Frank E. Seary Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 205,282 205,282

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,875,407
NET BOOK VALUE
At 31st March 2024 1,875,407
At 31st March 2023 1,875,407

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 461,037 362,237
Other debtors 1,406,614 1,202,077
1,867,651 1,564,314

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,212,500 218,750
Hire purchase contracts (see note 10) 6,103 6,103
Trade creditors 16,598 -
Taxation and social security 338,753 756,103
Other creditors 391,122 309,307
1,965,076 1,290,263

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 925,000 1,925,000
Hire purchase contracts (see note 10) 26,103 32,206
951,103 1,957,206

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 8,665 8,665
Between one and five years 28,665 37,330
37,330 45,995

Finance charges repayable:
Within one year 2,562 2,562
Between one and five years 2,562 5,124
5,124 7,686

Net obligations repayable:
Within one year 6,103 6,103
Between one and five years 26,103 32,206
32,206 38,309

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,137,500 2,143,750
Hire purchase contracts 32,206 38,309
2,169,706 2,182,059

The bank has a mortgage debenture incorporating a fixed and floating charge over the current assets of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,867 5,159

BEACHETWOOD HOLDINGS LIMITED (REGISTERED NUMBER: 03097362)

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

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 5,159
Credit to Income Statement during year (1,292 )
Balance at 31st March 2024 3,867

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,003 A Ordinary £1 1,003 1,003
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1,005 1,005

14. RESERVES
Non
distributable
reserve
£   
At 1st April 2023 (149,556 )
Revaluation/impairment 89,718

At 31st March 2024 (59,838 )

15. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £182,043 (2023 : £182,043) due to Frank E. Seary Limited, a company in which the directors have a controlling interest.