Silverfin false false 31/03/2024 01/04/2023 31/03/2024 S B Cheah M Scarman A Scarman J D Scarman 28 March 2025 The principal activity of the company is that of operating a care home. 04700338 2024-03-31 04700338 2023-03-31 04700338 core:CurrentFinancialInstruments 2024-03-31 04700338 core:CurrentFinancialInstruments 2023-03-31 04700338 core:ShareCapital 2024-03-31 04700338 core:ShareCapital 2023-03-31 04700338 core:RetainedEarningsAccumulatedLosses 2024-03-31 04700338 core:RetainedEarningsAccumulatedLosses 2023-03-31 04700338 core:Goodwill 2023-03-31 04700338 core:Goodwill 2024-03-31 04700338 core:PlantMachinery 2023-03-31 04700338 core:Vehicles 2023-03-31 04700338 core:FurnitureFittings 2023-03-31 04700338 core:PlantMachinery 2024-03-31 04700338 core:Vehicles 2024-03-31 04700338 core:FurnitureFittings 2024-03-31 04700338 core:CurrentFinancialInstruments 9 2024-03-31 04700338 core:CurrentFinancialInstruments 9 2023-03-31 04700338 bus:OrdinaryShareClass1 2024-03-31 04700338 2023-04-01 2024-03-31 04700338 bus:FilletedAccounts 2023-04-01 2024-03-31 04700338 bus:SmallEntities 2023-04-01 2024-03-31 04700338 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04700338 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04700338 bus:Director1 2023-04-01 2024-03-31 04700338 bus:Director2 2023-04-01 2024-03-31 04700338 bus:Director3 2023-04-01 2024-03-31 04700338 bus:Director4 2023-04-01 2024-03-31 04700338 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 04700338 core:PlantMachinery 2023-04-01 2024-03-31 04700338 core:Vehicles 2023-04-01 2024-03-31 04700338 core:FurnitureFittings 2023-04-01 2024-03-31 04700338 2022-04-01 2023-03-31 04700338 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04700338 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04700338 (England and Wales)

BEECH HAVEN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BEECH HAVEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BEECH HAVEN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
BEECH HAVEN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS S B Cheah
M Scarman
A Scarman
J D Scarman
SECRETARY J D Scarman
REGISTERED OFFICE 21 Gordon Road
Ealing
London
W5 2AD
United Kingdom
COMPANY NUMBER 04700338 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
BEECH HAVEN LIMITED

BALANCE SHEET

As at 31 March 2024
BEECH HAVEN LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 89,347 110,573
89,347 110,573
Current assets
Stocks 5 850 850
Debtors 6 574,179 412,956
Cash at bank and in hand 7 25,831 44,639
600,860 458,445
Creditors: amounts falling due within one year 8 ( 60,002) ( 153,390)
Net current assets 540,858 305,055
Total assets less current liabilities 630,205 415,628
Provision for liabilities ( 19,662) ( 19,752)
Net assets 610,543 395,876
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 610,541 395,874
Total shareholders' funds 610,543 395,876

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Beech Haven Limited (registered number: 04700338) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

J D Scarman
Director
BEECH HAVEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BEECH HAVEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Beech Haven 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 21 Gordon Road, Ealing, London, W5 2AD, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Beech Haven Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 Balance Sheet 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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
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:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 19

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 160,000 160,000
At 31 March 2024 160,000 160,000
Accumulated amortisation
At 01 April 2023 160,000 160,000
At 31 March 2024 160,000 160,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2023 210,394 83,985 22,994 317,373
Additions 8,556 0 0 8,556
At 31 March 2024 218,950 83,985 22,994 325,929
Accumulated depreciation
At 01 April 2023 145,217 40,207 21,376 206,800
Charge for the financial year 18,434 10,944 404 29,782
At 31 March 2024 163,651 51,151 21,780 236,582
Net book value
At 31 March 2024 55,299 32,834 1,214 89,347
At 31 March 2023 65,177 43,778 1,618 110,573

5. Stocks

2024 2023
£ £
Finished goods 850 850

6. Debtors

2024 2023
£ £
Trade debtors 139,790 100,805
S455 107,844 4,005
Other debtors 326,545 308,146
574,179 412,956

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 25,831 44,639

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 8,772
Taxation and social security 34,654 129,914
Other creditors 25,348 14,704
60,002 153,390

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by the directors of the company 307,527 294,078

Interest of £6,767 (2023 - £5,897) has been charged on the amounts owed by the directors at a rate of 2.25% (2023 - 2%)