Registration number:
for the Period from 1 October 2023 to
Beech Grove Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Beech Grove Ltd
Company Information
Directors |
Mr A Bhailok Mr A A Bhailok |
Registered office |
|
Beech Grove Ltd
(Registration number: 10656794)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
|
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Beech Grove Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Debtors |
Current |
2024 |
2023 |
Other debtors |
|
|
|
|
Beech Grove Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
|
Other borrowings |
|
|
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) |