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REGISTERED NUMBER: 08973249 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BEARHAM PROPERTY MANAGEMENT LTD

BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEARHAM PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M P Bearham
Mrs C A Bearham





REGISTERED OFFICE: The Malt House
Chacewater Hill
Chacewater
TRURO
Cornwall
TR4 8QA





REGISTERED NUMBER: 08973249 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,407 15,619

CURRENT ASSETS
Stocks 200 200
Debtors 5 6,323 4,192
Prepayments and accrued income - 202
Cash at bank 1,213 4,255
7,736 8,849
CREDITORS
Amounts falling due within one year 6 33,826 29,059
NET CURRENT LIABILITIES (26,090 ) (20,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,683

)

(4,591

)

CREDITORS
Amounts falling due after more than one
year

7

190

-
NET LIABILITIES (8,873 ) (4,591 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,875 ) (4,593 )
SHAREHOLDERS' FUNDS (8,873 ) (4,591 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)

BALANCE SHEET - continued
30 APRIL 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 30 January 2025 and were signed on its behalf by:





M P Bearham - Director


BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bearham Property Management Ltd 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.

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.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

No depreciation is provided on the freehold reversionary interest. This policy represents a departure from FRS102 and the Companies Act 2006 to provide systematic annual depreciation for fixed assets. However as the useful economic life is deemed to be too long and the property is to be maintained to make depreciation immaterial the directors consider the adoption of this policy necessary to give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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

Going concern
The company has net liabilities and is reliant upon the continued support of its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 15,000 3,749 - 2,491 21,240
Additions - - 125 3,444 3,569
Disposals - (334 ) - (77 ) (411 )
At 30 April 2024 15,000 3,415 125 5,858 24,398
DEPRECIATION
At 1 May 2023 - 3,286 - 2,335 5,621
Charge for year - 449 25 1,266 1,740
Eliminated on disposal - (320 ) - (50 ) (370 )
At 30 April 2024 - 3,415 25 3,551 6,991
NET BOOK VALUE
At 30 April 2024 15,000 - 100 2,307 17,407
At 30 April 2023 15,000 463 - 156 15,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 78 708
Other debtors 2,547 2,547
Social security and other tax 719 937
VAT 2,979 -
6,323 4,192

BEARHAM PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08973249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 284 -
Trade creditors - 126
Other creditors 6,600 937
Directors' current accounts 25,642 26,435
Accrued expenses 1,300 1,561
33,826 29,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 190 -