Registered number
03769978
Beechbrook Properties Ltd
Unaudited Filleted Accounts
31 May 2024
Beechbrook Properties Ltd
Registered number: 03769978
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 891,157 940,267
Current assets
Debtors 4 - 55,376
Investments held as current assets 5 50 50
Cash at bank and in hand 42,618 4,185
42,668 59,611
Creditors: amounts falling due within one year 6 (94,619) (187,611)
Net current liabilities (51,951) (128,000)
Total assets less current liabilities 839,206 812,267
Creditors: amounts falling due after more than one year 7 (536,930) (540,972)
Net assets 302,276 271,295
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 140,009 140,009
Profit and loss account 162,265 131,284
Shareholder's funds 302,276 271,295
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
A. Dhariwal
Director
Approved by the board on 5 February 2025
Beechbrook Properties Ltd
Notes to the Accounts
for the year ended 31 May 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.
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 not depreciated
Plant and machinery 25% - reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 939,828 1,749 941,577
Disposals (49,000) - (49,000)
At 31 May 2024 890,828 1,749 892,577
Depreciation
At 1 June 2023 - 1,310 1,310
Charge for the year - 110 110
At 31 May 2024 - 1,420 1,420
Net book value
At 31 May 2024 890,828 329 891,157
At 31 May 2023 939,828 439 940,267
4 Debtors 2024 2023
£ £
Other debtors - 55,376
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 50 50
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 42,609 40,449
Taxation and social security costs 3,715 3,850
Other creditors 48,295 143,312
94,619 187,611
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 522,088 540,972
Other creditors 14,842 -
536,930 540,972
8 Revaluation reserve 2024 2023
£ £
At 1 June 2023 140,009 140,009
At 31 May 2024 140,009 140,009
9 Other information
Beechbrook Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Victory Park
Solent Way
Whiteley
Hampshire
PO15 7FN
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