2 2 Beech Grove Ltd 10656794 false 2023-10-01 2024-12-31 2024-12-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 10656794 2023-10-01 2024-12-31 10656794 2024-12-31 10656794 core:CurrentFinancialInstruments 2024-12-31 10656794 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10656794 bus:SmallEntities 2023-10-01 2024-12-31 10656794 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-12-31 10656794 bus:FilletedAccounts 2023-10-01 2024-12-31 10656794 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-12-31 10656794 bus:RegisteredOffice 2023-10-01 2024-12-31 10656794 bus:Director1 2023-10-01 2024-12-31 10656794 bus:Director2 2023-10-01 2024-12-31 10656794 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 10656794 countries:EnglandWales 2023-10-01 2024-12-31 10656794 2022-10-01 2023-09-30 10656794 2023-09-30 10656794 core:CurrentFinancialInstruments 2023-09-30 10656794 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 10656794

Beech Grove Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 October 2023 to 31 December 2024

 

Beech Grove Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Beech Grove Ltd

Company Information

Directors

Mr A Bhailok

Mr A A Bhailok

Registered office

Coach House
Walker Lane
Fulwood
Preston
PR2 7AN

 

Beech Grove Ltd

(Registration number: 10656794)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1

1

Creditors: Amounts falling due within one year

5

(288,045)

(245,700)

Net liabilities

 

(288,044)

(245,699)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(288,045)

(245,700)

Shareholders' deficit

 

(288,044)

(245,699)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
Mr A Bhailok
Director

   
     
 

Beech Grove Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Coach House
Walker Lane
Fulwood
Preston
PR2 7AN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Beech Grove Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Other debtors

1

1

 

1

1

 

Beech Grove Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

2,725

45

Trade creditors

 

138,187

99,750

Accruals and deferred income

 

840

660

Other creditors

 

146,293

145,245

 

288,045

245,700

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

2,725

45

The directors' loan accounts is non-interest bearing and has no formal repayment terms.

 

Beech Grove Ltd

Detailed Profit and Loss Account for the Period from 1 October 2023 to 31 December 2024

2024
£

2023
£

Turnover (analysed below)

-

-

Administrative expenses

Establishment costs (analysed below)

(40,937)

(28,900)

General administrative expenses (analysed below)

(1,408)

(5,470)

(42,345)

(34,370)

Operating loss

(42,345)

(34,370)

Loss before tax

(42,345)

(34,370)

 

Beech Grove Ltd

Detailed Profit and Loss Account for the Period from 1 October 2023 to 31 December 2024

2024
£

2023
£

   

Establishment costs

Rent

(35,625)

(28,500)

Repairs and maintenance

(5,312)

(400)

(40,937)

(28,900)

   

General administrative expenses

Sundry expenses

(13)

(13)

Travel and subsistence

(180)

-

Accountancy fees

(1,215)

(1,005)

Legal and professional fees

-

(4,452)

(1,408)

(5,470)