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REGISTERED NUMBER: 09323785 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2024

FOR

BEGWNS LIMITED

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

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


BEGWNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







Directors: C J Charnley
Mrs S L Charnley





Registered office: Thorn Business Centre
Rotherwas
Hereford
HR2 6JT





Registered number: 09323785 (England and Wales)

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,862,214 3,664,464
Investments 5 419,683 419,683
4,281,897 4,084,147

Current assets
Stocks 6 - 35,500
Debtors 7 1,173,185 1,583,182
Cash at bank 3,115,488 3,243,320
4,288,673 4,862,002
Creditors
Amounts falling due within one year 8 395,500 1,490,334
Net current assets 3,893,173 3,371,668
Total assets less current liabilities 8,175,070 7,455,815

Capital and reserves
Called up share capital 9 200 200
Retained earnings 8,174,870 7,455,615
Shareholders' funds 8,175,070 7,455,815

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.

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





C J Charnley - Director


BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. Statutory information

Begwns 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.

Preparation of consolidated financial statements
The financial statements contain information about Begwns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life on a straight line basis;

Land & buildings 0% & 2%
Plant & machinery10% & 25%
Furniture & fixtures15%
Motor vehicles25%

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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 deducing all of its liabilities.

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Employees (including officers)

The average number of employees during the year was 2 (2023 - 2 ) .

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. Tangible fixed assets
Freehold Plant & Furniture & Motor
property machinery fixtures vehicles Totals
£ £ £ £ £
Cost
At 1st July 2023 3,316,821 401,369 151,737 71,950 3,941,877
Additions 277,101 3,900 106,775 - 387,776
Disposals - (31,999 ) - - (31,999 )
At 30th June 2024 3,593,922 373,270 258,512 71,950 4,297,654
Depreciation
At 1st July 2023 52,147 165,646 16,404 43,216 277,413
Charge for year 57,689 81,369 16,404 13,830 169,292
Eliminated on disposal - (11,265 ) - - (11,265 )
At 30th June 2024 109,836 235,750 32,808 57,046 435,440
Net book value
At 30th June 2024 3,484,086 137,520 225,704 14,904 3,862,214
At 30th June 2023 3,264,674 235,723 135,333 28,734 3,664,464

Included in cost of land and buildings is freehold land of £ 709,479 (2023 - £ 709,479 ) which is not depreciated.

5. Fixed asset investments

30.6.24 30.6.23
£ £
Shares in group undertakings 100 100
Other investments not loans 419,583 419,583
419,683 419,683

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. Fixed asset investments - continued

Additional information is as follows:
Shares in
group Unlisted
undertakings investments Totals
£ £ £
Cost
At 1st July 2023
and 30th June 2024 100 250 350
Net book value
At 30th June 2024 100 250 350
At 30th June 2023 100 250 350

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£ £
Other financial assets 419,333 419,333

The company's investments at the Balance sheet date in the share capital of companies include the following:

Subsidiary

Sarah Charnley Ltd
Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT
Nature of business: Retail of antiques
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 31,739 (1,153 )

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. Fixed asset investments - continued

Associated companies

Twmpa Capital Limited
Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT
Nature of business: Holding company
%
Class of shares: holding
Ordinary 50.00
30.6.24 30.6.23
£ £
Aggregate capital and reserves 100 100

Ambrey Limited
Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT
Nature of business: Private security services
%
Class of shares: holding
Ordinary 50.00

This represents 50% of the shares of Ambrey Limited, the activities and undertakings are shown within Ambrey Limited accounts.

6. Stocks
30.6.24 30.6.23
£ £
Stocks - 35,500

7. Debtors: amounts falling due within one year
30.6.24 30.6.23
£ £
Trade debtors 4,200 -
Amounts owed by group undertakings 290,891 255,391
Amounts owed by participating interests 38,219 -
Other debtors 839,875 1,327,791
1,173,185 1,583,182

BEGWNS LIMITED (REGISTERED NUMBER: 09323785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. Creditors: amounts falling due within one year
30.6.24 30.6.23
£ £
Trade creditors 8,879 5,076
Amounts owed to participating interests 50 270,332
Other creditors 1,228 13,114
Directors' loan accounts 385,343 1,201,812
395,500 1,490,334

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
200 Ordinary £1 200 200

10. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th June 2024.

11. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £385,343 (2023: £1,201,812) owed by the company.

The loans and advances were made interest free and were repayable on demand.

The following transactions with related parties took place during the year, on normal commercial terms:


Loans to/
(repaid

)
Debtor
balance
Creditor
balance
£   £   £   
Transactions with significant influence entities308,50138,169-