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Registered number: 15292423
Beard & Glasses Productions Limited
Unaudited ABRIDGED Financial Statements
For the Period 17 November 2023 to 30 November 2024
Carthy Accountants Limited
Certified Practising Accountants
33 Eastgate Street
Stafford
Staffordshire
ST16 2LZ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 15292423
30 November 2024
Notes £ £
FIXED ASSETS
Investments 4 1,461,561
1,461,561
CURRENT ASSETS
Debtors 7,200
Cash at bank and in hand 38,385
45,585
Creditors: Amounts Falling Due Within One Year (117,338 )
NET CURRENT ASSETS (LIABILITIES) (71,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,389,808
Creditors: Amounts Falling Due After More Than One Year (340,998 )
NET ASSETS 1,048,810
CAPITAL AND RESERVES
Called up share capital 5 3
Profit and Loss Account 1,048,807
SHAREHOLDERS' FUNDS 1,048,810
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For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Michael Carthy
Director
31/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Beard & Glasses Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15292423 . The registered office is 33 Eastgate Street, Stafford, ST16 2LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Investments
Total
£
Cost
As at 17 November 2023 -
Additions 1,461,561
As at 30 November 2024 1,461,561
Provision
As at 17 November 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 1,461,561
As at 17 November 2023 -
5. Share Capital
30 November 2024
£
Allotted, Called up and fully paid 3
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6. Related Party Transactions
Norwell Lapley Productions LimitedLimited company owned and controlled by Beard & Glasses Productions Limited£6000+VAT management charges issued to Norwell Lapley Productions Limited in relation to the management of the company.

Norwell Lapley Productions Limited

Limited company owned and controlled by Beard & Glasses Productions Limited

£6000+VAT management charges issued to Norwell Lapley Productions Limited in relation to the management of the company.

Carthy Ventures Holdings Limited33% Shareholder of Beard & Glasses Productions Limited, mutual director in both companies (Michael Carthy)Carthy Ventures Holdings Limited have loaned Beard & Glasses Productions Limited £103,999 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 6%pa payable quarterly in arrears.

Carthy Ventures Holdings Limited

33% Shareholder of Beard & Glasses Productions Limited, mutual director in both companies (Michael Carthy)

Carthy Ventures Holdings Limited have loaned Beard & Glasses Productions Limited £103,999 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 6%pa payable quarterly in arrears.

Cranston Ventures Holdings Limited33% Shareholder of Beard & Glasses Productions Limited, mutual director in both companies (Steve Cranston)Cranston Ventures Holdings Limited have loaned Beard & Glasses Productions Limited £99,999 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 6%pa payable quarterly in arrears.

Cranston Ventures Holdings Limited

33% Shareholder of Beard & Glasses Productions Limited, mutual director in both companies (Steve Cranston)

Cranston Ventures Holdings Limited have loaned Beard & Glasses Productions Limited £99,999 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 6%pa payable quarterly in arrears.

Carthy Accountants LimitedMutual Director Michael CarthyCarthy Accountants Limited have loaned Beard & Glasses Productions Limited £7,000 in an unsecured loan in the period.

Carthy Accountants Limited

Mutual Director Michael Carthy

Carthy Accountants Limited have loaned Beard & Glasses Productions Limited £7,000 in an unsecured loan in the period.

Lilac Productions LimitedMutual Director Steve CranstonLilac Productions Limited have loaned Beard & Glasses Productions Limited £130,000 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 12%pa payable quarterly in arrears.

Lilac Productions Limited

Mutual Director Steve Cranston

Lilac Productions Limited have loaned Beard & Glasses Productions Limited £130,000 in an unsecured loan in the period. £100,000 of this was an initial capital injection which attracts interest of 12%pa payable quarterly in arrears.

7. Controlling Party
There is no one controlling party by virtue of each individual shareholder owning 33% of the issued share capital in the company. 
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