Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31trueBuying and renting properties2023-06-01false00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13380286 2023-06-01 2024-05-31 13380286 2022-06-01 2023-05-31 13380286 2024-05-31 13380286 2023-05-31 13380286 c:Director1 2023-06-01 2024-05-31 13380286 d:Buildings 2023-06-01 2024-05-31 13380286 d:Buildings 2024-05-31 13380286 d:Buildings 2023-05-31 13380286 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13380286 d:PlantMachinery 2023-06-01 2024-05-31 13380286 d:PlantMachinery 2024-05-31 13380286 d:PlantMachinery 2023-05-31 13380286 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13380286 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13380286 d:CurrentFinancialInstruments 2024-05-31 13380286 d:CurrentFinancialInstruments 2023-05-31 13380286 d:Non-currentFinancialInstruments 2024-05-31 13380286 d:Non-currentFinancialInstruments 2023-05-31 13380286 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13380286 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13380286 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13380286 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 13380286 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 13380286 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 13380286 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 13380286 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 13380286 d:ShareCapital 2024-05-31 13380286 d:ShareCapital 2023-05-31 13380286 d:RetainedEarningsAccumulatedLosses 2024-05-31 13380286 d:RetainedEarningsAccumulatedLosses 2023-05-31 13380286 c:FRS102 2023-06-01 2024-05-31 13380286 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13380286 c:FullAccounts 2023-06-01 2024-05-31 13380286 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13380286 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 13380286









BECKLES PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
BECKLES PROPERTIES LIMITED
REGISTERED NUMBER: 13380286

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
499,398
499,590

  
499,398
499,590

Current assets
  

Debtors: amounts falling due within one year
 5 
47
45

Cash at bank and in hand
 6 
1,715
3,482

  
1,762
3,527

Creditors: amounts falling due within one year
 7 
(172,455)
(167,475)

Net current liabilities
  
 
 
(170,693)
 
 
(163,948)

Total assets less current liabilities
  
328,705
335,642

Creditors: amounts falling due after more than one year
 8 
(336,377)
(336,377)

  

Net liabilities
  
(7,672)
(735)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(7,772)
(835)

  
(7,672)
(735)

Page 1

 
BECKLES PROPERTIES LIMITED
REGISTERED NUMBER: 13380286
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2025.




................................................
Daniel Beckles
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
BECKLES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. Principal activity of the Company throughout the year was that of buying and renting properties. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis, with the support from the director pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BECKLES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BECKLES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 June 2023
498,630
1,500
500,130



At 31 May 2024

498,630
1,500
500,130



Depreciation


At 1 June 2023
-
540
540


Charge for the year on owned assets
-
192
192



At 31 May 2024

-
732
732



Net book value



At 31 May 2024
498,630
768
499,398

Page 5

 
BECKLES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
47
45

47
45



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,715
3,482

1,715
3,482



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
12,086
12,086

Other creditors
159,799
154,849

Accruals and deferred income
570
540

172,455
167,475


Included in creditiors is a director's loan account balance of £159,799 (2023 - £154,849) in relation to Daniel Beckles.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
336,377
336,377

336,377
336,377


Page 6

 
BECKLES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
12,086
12,086

Amounts falling due 1-2 years

Bank loans
12,086
12,086

Amounts falling due 2-5 years

Bank loans
324,291
324,291


348,463
348,463



10.


Controlling party

The Company is controlled by director, Daniel Beckles, by virtue of his shareholding as described in the director's report.
 
Page 7