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REGISTERED NUMBER: NI661000 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BEATTY RETAIL LTD

BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BEATTY RETAIL LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: Mr A G Beatty
Mrs K A Beatty



REGISTERED OFFICE: 11 Trillick Road
Ballinamallard
Enniskillen
Co. Fermanagh
BT94 2JJ



REGISTERED NUMBER: NI661000 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Danske Bank
24 Townhall Street
Enniskillen
Co. Fermanagh
BT74 7BB

BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,000 85,000
Tangible assets 5 102,509 251,379
187,509 336,379

CURRENT ASSETS
Stocks 6 118,496 263,836
Debtors 7 1,451,221 928,935
Cash at bank and in hand 150,364 146,193
1,720,081 1,338,964
CREDITORS
Amounts falling due within one year 8 632,830 650,893
NET CURRENT ASSETS 1,087,251 688,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,760

1,024,450

PROVISIONS FOR LIABILITIES 10 19,915 41,608
NET ASSETS 1,254,845 982,842

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,254,745 982,742
1,254,845 982,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

BALANCE SHEET - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





Mr A G Beatty - Director


BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024


1. STATUTORY INFORMATION

Beatty Retail Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 74 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 85,000
NET BOOK VALUE
At 31 August 2024 85,000
At 31 August 2023 85,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 304,467 72,433 376,900
Additions 5,400 24,308 29,708
Disposals (175,386 ) (72,433 ) (247,819 )
At 31 August 2024 134,481 24,308 158,789
DEPRECIATION
At 1 September 2023 89,627 35,894 125,521
Charge for year 14,872 6,077 20,949
Eliminated on disposal (54,296 ) (35,894 ) (90,190 )
At 31 August 2024 50,203 6,077 56,280
NET BOOK VALUE
At 31 August 2024 84,278 18,231 102,509
At 31 August 2023 214,840 36,539 251,379

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 118,496 263,836

BEATTY RETAIL LTD (REGISTERED NUMBER: NI661000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 73,426 56,896
Other debtors 1,364,973 872,039
VAT 12,822 -
1,451,221 928,935

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 356,963 384,591
Tax 87,942 63,277
VAT - 14,518
Other creditors 16,607 16,607
Directors' current accounts 167,267 171,900
Accruals and deferred income 4,051 -
632,830 650,893

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   

The bank facility is secured by way of a fixed charge.

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 19,915 41,608

Deferred
tax
£   
Balance at 1 September 2023 41,608
Provided during year (21,693 )
Balance at 31 August 2024 19,915

11. ULTIMATE CONTROLLING PARTY

Beatty Retail Ltd is a 100% subsidiary of Matyran Properties Ltd and is ultimately controlled by AG Beatty the majority shareholder of Matryan Properties Ltd.

BEATTY RETAIL LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BEATTY RETAIL LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


16 January 2025