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Registration number: 10408272

Beacontree Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Beacontree Properties Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Beacontree Properties Limited

Company Information

Director

Mr David Andrews

Registered office

First Floor
1551 Wimborne Road
Bournemouth
Dorset
BH10 7AZ

Accountants

Oak Accounting Ltd 27 Bascott Road
Wallisdown
Bournemouth
Dorset
BH11 8RJ

 

Beacontree Properties Limited

(Registration number: 10408272)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

222,300

434,601

Current assets

 

Debtors

5

300

-

Cash at bank and in hand

 

91,404

25,598

 

91,704

25,598

Creditors: Amounts falling due within one year

6

(17,551)

(26,240)

Net current assets/(liabilities)

 

74,153

(642)

Total assets less current liabilities

 

296,453

433,959

Creditors: Amounts falling due after more than one year

6

(161,022)

(288,554)

Provisions for liabilities

(4,558)

(8,821)

Net assets

 

130,873

136,584

Capital and reserves

 

Called up share capital

7

90

90

Revaluation reserve

22,017

58,475

Retained earnings

108,766

78,019

Shareholders' funds

 

130,873

136,584

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2025
 

.........................................

Mr David Andrews
Director

 

Beacontree Properties Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 October 2023

90

58,475

78,019

136,584

Profit for the year

-

-

30,747

30,747

Other comprehensive income

-

(36,458)

-

(36,458)

Total comprehensive income

-

(36,458)

30,747

(5,711)

At 30 September 2024

90

22,017

108,766

130,873

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 October 2022

90

58,475

67,279

125,844

Profit for the year

-

-

10,740

10,740

At 30 September 2023

90

58,475

78,019

136,584

 

Beacontree Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
First Floor
1551 Wimborne Road
Bournemouth
Dorset
BH10 7AZ

These financial statements were authorised for issue by the director on 20 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Beacontree Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Beacontree Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

434,601

434,601

Revaluations

(35,459)

(35,459)

Disposals

(176,842)

(176,842)

At 30 September 2024

222,300

222,300

Depreciation

Carrying amount

At 30 September 2024

222,300

222,300

At 30 September 2023

434,601

434,601

Included within the net book value of land and buildings above is £222,300 (2023 - £434,601) in respect of freehold land and buildings.
 

 

Beacontree Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

300

-

 

300

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

4,172

5,715

Taxation and social security

 

13,004

2,558

Accruals and deferred income

 

375

365

Other creditors

 

-

17,602

 

17,551

26,240

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

161,022

288,554

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90

       
 

Beacontree Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

72,132

156,981

Other borrowings

88,890

131,573

161,022

288,554

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,172

5,715