BEAUMONT AND PARTNERS 005 LTD
Registered number: 13310927
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,312,767 1,305,953
Current assets
Debtors 4 18,050 100,083
Cash at bank and in hand 10,332 15,898
28,382 115,981
Creditors: amounts falling due within one year 5 (5,985) (10,173)
Net current assets 22,397 105,808
Total assets less current liabilities 1,335,164 1,411,761
Creditors: amounts falling due after more than one year 6 (1,565,000) (1,584,999)
Net liabilities (229,836) (173,238)
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (239,836) (183,238)
Shareholders' funds (229,836) (173,238)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H. Beaumont
Director
Approved by the board on 30 January 2025
BEAUMONT AND PARTNERS 005 LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property Valuation
Properties, in the course of development, are stated at cost and included in current assets. Properties under development are recognised as completed when they are available for letting, at which stage they are professionally valued at Gross Development Value (GDV), which is disclosed fixed assests in the Balance Sheet and the revaluation reserve.
In line with FRS102, properties are subject to an annual impairment review. If properties have suffered impairment, the fall in value to the recoverable amount is recognised in the Statement of Comprehensive Income.

.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
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.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Furniture & Fittings Total
£ £ £
Cost
At 1 May 2023 1,259,550 58,004 1,317,554
Additions 13,164 3,663 16,827
At 30 April 2024 1,272,714 61,667 1,334,381
Depreciation
At 1 May 2023 - 11,601 11,601
Charge for the year - 10,013 10,013
At 30 April 2024 - 21,614 21,614
Net book value
At 30 April 2024 1,272,714 40,053 1,312,767
At 30 April 2023 1,259,550 46,403 1,305,953
4 Debtors 2024 2023
£ £
Trade debtors - 82,033
Other debtors 18,050 18,050
18,050 100,083
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 9,283
Taxation and social security costs 5,985 -
Other creditors - 890
5,985 10,173
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 925,000 277,346
Other creditors 640,000 1,307,653
1,565,000 1,584,999
7 Other information
BEAUMONT AND PARTNERS 005 LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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