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REGISTERED NUMBER: 08628493 (England and Wales)











Beacon Fold Property Services Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Beacon Fold Property Services Limited (Registered number: 08628493)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Beacon Fold Property Services Limited

Company Information
for the Year Ended 31 July 2024







Director: A J Burke





Secretary: Mrs F M Burke





Registered office: 24 Larch Road
Denton
Manchester
Lancashire
M34 6DZ





Registered number: 08628493 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Beacon Fold Property Services Limited (Registered number: 08628493)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
Fixed assets
Tangible assets 4 196 261
Investment property 5 688,000 674,600
688,196 674,861

Current assets
Cash at bank 62,430 42,509

Creditors
Amounts falling due within one year 6 (476,887 ) (483,876 )
Net current liabilities (414,457 ) (441,367 )
Total assets less current liabilities 273,739 233,494

Provisions for liabilities 7 (15,474 ) (12,928 )
Net assets 258,265 220,566

Capital and reserves
Called up share capital 8 10 10
Fair value reserve 9 81,172 70,318
Retained earnings 177,083 150,238
Shareholders' funds 258,265 220,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Beacon Fold Property Services Limited (Registered number: 08628493)

Balance Sheet - continued
31 July 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 director and authorised for issue on 24 January 2025 and were signed by:





A J Burke - Director


Beacon Fold Property Services Limited (Registered number: 08628493)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Beacon Fold Property Services 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.


Beacon Fold Property Services Limited (Registered number: 08628493)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 August 2023
and 31 July 2024 1,100
Depreciation
At 1 August 2023 839
Charge for year 65
At 31 July 2024 904
Net book value
At 31 July 2024 196
At 31 July 2023 261

Beacon Fold Property Services Limited (Registered number: 08628493)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. Investment property
Total
£   
Fair value
At 1 August 2023 674,600
Valuation changes 13,400
At 31 July 2024 688,000
Net book value
At 31 July 2024 688,000
At 31 July 2023 674,600

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 688,000

If investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 591,354 591,354

Investment property was valued on an open market basis on 31 July 2024 by the director .

6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Corporation tax 6,312 7,167
Other creditors 475 475
Directors' current accounts 469,140 475,304
Accrued expenses 960 930
476,887 483,876

7. Provisions for liabilities
31.7.24 31.7.23
£    £   
Deferred tax 15,474 12,928

Beacon Fold Property Services Limited (Registered number: 08628493)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 August 2023 12,928
Provided during year 2,546
Balance at 31 July 2024 15,474

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
10 Ordinary £1 10 10

9. Reserves
Fair
value
reserve
£   
At 1 August 2023 70,318
Transfer from retained earnings 10,854

At 31 July 2024 81,172