IRIS Accounts Production v24.3.2.46 02808347 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028083472023-06-30028083472024-06-30028083472023-07-012024-06-30028083472022-06-30028083472022-07-012023-06-30028083472023-06-3002808347ns15:EnglandWales2023-07-012024-06-3002808347ns14:PoundSterling2023-07-012024-06-3002808347ns10:Director12023-07-012024-06-3002808347ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002808347ns10:SmallEntities2023-07-012024-06-3002808347ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002808347ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002808347ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002808347ns10:FullAccounts2023-07-012024-06-3002808347ns10:OrdinaryShareClass12023-07-012024-06-3002808347ns10:Director22023-07-012024-06-3002808347ns10:CompanySecretary12023-07-012024-06-3002808347ns10:RegisteredOffice2023-07-012024-06-3002808347ns5:CurrentFinancialInstruments2024-06-3002808347ns5:CurrentFinancialInstruments2023-06-3002808347ns5:Non-currentFinancialInstruments2024-06-3002808347ns5:Non-currentFinancialInstruments2023-06-3002808347ns5:ShareCapital2024-06-3002808347ns5:ShareCapital2023-06-3002808347ns5:RevaluationReserve2024-06-3002808347ns5:RevaluationReserve2023-06-3002808347ns5:RetainedEarningsAccumulatedLosses2024-06-3002808347ns5:RetainedEarningsAccumulatedLosses2023-06-3002808347ns5:FurnitureFittings2023-06-3002808347ns5:MotorVehicles2023-06-3002808347ns5:FurnitureFittings2024-06-3002808347ns5:MotorVehicles2024-06-3002808347ns5:FurnitureFittings2023-06-3002808347ns5:MotorVehicles2023-06-3002808347ns5:CostValuation2023-06-3002808347ns5:AdditionsToInvestments2024-06-3002808347ns5:CostValuation2024-06-3002808347ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002808347ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002808347ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3002808347ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3002808347ns5:Non-currentFinancialInstruments2023-07-012024-06-3002808347ns5:Secured2024-06-3002808347ns5:Secured2023-06-3002808347ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 02808347 (England and Wales)






















Beech Hill Residential Investments
Limited

Unaudited Financial Statements for the Year Ended 30th June 2024






Beech Hill Residential Investments
Limited (Registered number: 02808347)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beech Hill Residential Investments
Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: A N Horncastle
Mrs C D Horncastle





SECRETARY: Mrs C D Horncastle





REGISTERED OFFICE: Unicorn House
8 Innovation Drive
Green Park Road
Newport
East Yorkshire
HU15 2FW





REGISTERED NUMBER: 02808347 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
HU2 8BA

Beech Hill Residential Investments
Limited (Registered number: 02808347)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 690,100 550,100
Investment properties 6 4,650,000 4,431,590
5,340,100 4,981,690

CURRENT ASSETS
Debtors 7 72,850 138,498
Cash at bank 637,410 604,666
710,260 743,164
CREDITORS
Amounts falling due within one year 8 181,129 222,943
NET CURRENT ASSETS 529,131 520,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,869,231

5,501,911

CREDITORS
Amounts falling due after more than one
year

9

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES (285,068 ) (230,116 )
NET ASSETS 4,984,163 4,671,795

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Revaluation reserve 2,118,410 1,900,000
Retained earnings 2,855,753 2,761,795
SHAREHOLDERS' FUNDS 4,984,163 4,671,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Beech Hill Residential Investments
Limited (Registered number: 02808347)

Balance Sheet - continued
30th June 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 18th March 2025 and were signed on its behalf by:





A N Horncastle - Director


Beech Hill Residential Investments
Limited (Registered number: 02808347)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Beech Hill Residential Investments Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rents receivable, excluding value added tax, being recognised in accordance with the accruals basis.

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

Tangible fixed assets other than investment properties are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 4 years
Office equipment - 3 years

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Beech Hill Residential Investments
Limited (Registered number: 02808347)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 5,070 34,499 39,569
DEPRECIATION
At 1st July 2023
and 30th June 2024 5,070 34,499 39,569
NET BOOK VALUE
At 30th June 2024 - - -
At 30th June 2023 - - -

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 100 100
Loans to undertakings in which the
company has a participating interest

690,000

550,000
690,100 550,100

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1st July 2023
and 30th June 2024 100
NET BOOK VALUE
At 30th June 2024 100
At 30th June 2023 100
Loans to
joint
ventures
£   
At 1st July 2023 550,000
New in year 140,000
At 30th June 2024 690,000

Beech Hill Residential Investments
Limited (Registered number: 02808347)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

6. INVESTMENT PROPERTIES
Total
£   
COST OR VALUATION
At 1st July 2023 4,431,590
Revaluations 218,410
At 30th June 2024 4,650,000
NET BOOK VALUE
At 30th June 2024 4,650,000
At 30th June 2023 4,431,590

The directors have assessed the fair value at 30 June 2024 by reference to the last formal valuation, undertaken by PPH commercial in May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,092 59,102
Other debtors 11,758 79,396
72,850 138,498

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,936 110,347
Corporation tax 53,160 28,862
VAT 38,200 -
Accruals and deferred income 87,833 83,734
181,129 222,943

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 500,000 500,000
Preference shares 100,000 100,000
600,000 600,000

The full balance of £100,000 of preference shares consists of 100,000 £1 'A' Redeemable Preference shares, which are redeemable at the discretion of the company.

Beech Hill Residential Investments
Limited (Registered number: 02808347)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 500,000 500,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary Shares £1 10,000 10,000

12. RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with related parties, in the ordinary course of business, the details of which are as follows:

Amounts totalling £77,500 (2023 £76,040) were receivable by Beech Hill Residential Investments Limited, from a company controlled by key management personnel, in respect of property rental, maintenance and advisory services, secretarial and administrative services. At 30th June 2024, the net amount due from that company was £5,642 (2023 £5,402). Beech Hill Residential Investments Limited was also recharged £17,528 (2023 £17,742) for insurance costs.

13. ULTIMATE CONTROLLING PARTY

The controlling party is A N Horncastle.