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Registered number: 5905833










BEVERLY HILLS INTERNATIONAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BEVERLY HILLS INTERNATIONAL LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEVERLY HILLS INTERNATIONAL LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beverly Hills International Limited for the year ended 31 December 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Beverly Hills International Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Beverly Hills International Limited and state those matters that we have agreed to state to the director of Beverly Hills International Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beverly Hills International Limited and its director for our work or for this report. 

It is your duty to ensure that Beverly Hills International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beverly Hills International Limited. You consider that Beverly Hills International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beverly Hills International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
28 February 2025
Page 1

 
BEVERLY HILLS INTERNATIONAL LIMITED
REGISTERED NUMBER: 5905833

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
2,710
-

Tangible assets
 5 
3,048
2,653

  
5,758
2,653

Current assets
  

Stocks
  
85,066
-

Debtors: amounts falling due within one year
 6 
1,417,474
980,289

Cash at bank and in hand
 7 
255,251
71,746

  
1,757,791
1,052,035

Creditors: amounts falling due within one year
 8 
(2,179,141)
(1,421,854)

Net current liabilities
  
 
 
(421,350)
 
 
(369,819)

Total assets less current liabilities
  
(415,592)
(367,166)

Creditors: amounts falling due after more than one year
 9 
-
(70,372)

  

Net liabilities
  
(415,592)
(437,538)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(415,594)
(437,540)

  
(415,592)
(437,538)


Page 2

 
BEVERLY HILLS INTERNATIONAL LIMITED
REGISTERED NUMBER: 5905833

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 28 February 2025.




J Jacobs
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Beverly Hills International Limited is a limited company incorporated in Wales. The Registered Office is 601 London Road, Westcliff on Sea, Essex SS0 9PE. The registered number of the company is 05905833.
The principal activity of the company remained the sale of branded products.

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

In view of the excess of liabilities over assets at the balance sheet date amounting to £415,592 the going concern basis for the preperation of the financial statements is dependent upon the continued support of the company's creditors.
As the creditors have continued to support the company the shareholders are of the opinion that the financial statements should be prepared on the going concern basis. 

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

Page 4

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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:

Fixtures, fittings and equipment
-
15% 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.

  
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Website

£



Cost


Additions
2,869



At 31 December 2024

2,869



Amortisation


Charge for the year on owned assets
159



At 31 December 2024

159



Net book value



At 31 December 2024
2,710



At 31 December 2023
-



Page 6

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 January 2024
10,994


Additions
870



At 31 December 2024

11,864



Depreciation


At 1 January 2024
8,341


Charge for the year on owned assets
475



At 31 December 2024

8,816



Net book value



At 31 December 2024
3,048



At 31 December 2023
2,653

Page 7

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,414,132
968,575

Prepayments and accrued income
3,342
11,714

1,417,474
980,289



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
255,251
71,746

255,251
71,746



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
758,916
279,213

Trade creditors
600,983
337,715

Corporation tax
13,715
16,684

Other taxation and social security
30,844
11,028

Amount due to Factoring Company
774,683
777,214

2,179,141
1,421,854


Amount due to factoring company is secured.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
70,372

-
70,372


Page 8

 
BEVERLY HILLS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
758,916
279,213


758,916
279,213


Amounts falling due 2-5 years

Other loans
-
70,372


-
70,372


758,916
349,585



11.


Related party transactions

These financial statements include transactions and balances, as listed below, with the following:
Companies in which the majority shareholder of Beverly Hills International Limited is also a shareholder: Debtors £394,129 (2023 £nil).
Wife of the majority shareholder of Beverly Hills International Limited: Loan interest £81,375 (2023 £63,600).


Page 9