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Company No: 12484776 (England and Wales)

BEAUCHAMP HOMES DRAYTON LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BEAUCHAMP HOMES DRAYTON LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BEAUCHAMP HOMES DRAYTON LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
BEAUCHAMP HOMES DRAYTON LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 23,962 29,952
23,962 29,952
Current assets
Debtors 4 154,120 222,223
Cash at bank and in hand 15,209 63,135
169,329 285,358
Creditors: amounts falling due within one year 5 ( 80,404) ( 174,022)
Net current assets 88,925 111,336
Total assets less current liabilities 112,887 141,288
Net assets 112,887 141,288
Capital and reserves
Called-up share capital 100 100
Profit and loss account 112,787 141,188
Total shareholder's funds 112,887 141,288

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Beauchamp Homes Drayton Limited (registered number: 12484776) were approved and authorised for issue by the Director. They were signed on its behalf by:

M A Tunneycliff
Director

27 March 2025

BEAUCHAMP HOMES DRAYTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BEAUCHAMP HOMES DRAYTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beauchamp Homes Drayton Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Woodland Drive, Drayton, Norwich, NR8 6QF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 July 2023 37,440 37,440
At 30 June 2024 37,440 37,440
Accumulated depreciation
At 01 July 2023 7,488 7,488
Charge for the financial year 5,990 5,990
At 30 June 2024 13,478 13,478
Net book value
At 30 June 2024 23,962 23,962
At 30 June 2023 29,952 29,952

4. Debtors

2024 2023
£ £
Amounts owed by director 152,844 199,838
VAT recoverable 1,276 8,669
Corporation tax 0 13,716
154,120 222,223

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,801 726
Amounts owed to Group undertakings 75,103 163,303
Accruals 2,500 2,505
Deferred tax liability 0 7,488
80,404 174,022

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 7,488) ( 10,395)
Credited to the Income Statement 7,488 2,907
At the end of financial year 0 ( 7,488)

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Owed to Beauchamp Holdings Limited 75,103 163,303

Transactions with the entity's director

2024 2023
£ £
Owed (by)/ to the Director (152,844) (199,838)

8. Ultimate controlling party

Parent Company:

Beauchamp Holdings Limited.
7 Woodland Drive, Drayton, Norwich, NR8 6QF.

The parent company (Beauchamp Holdings Limited) owns 100% interest in the subsidiary company (Beauchamp Homes Drayton Limited).