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REGISTERED NUMBER: 05943452 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BECKINGHAM HOMES (GUILDFORD) LTD

BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BECKINGHAM HOMES (GUILDFORD) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M Edmund





SECRETARY: M Edmund





REGISTERED OFFICE: 5th Floor, R+ Building
2 Blagrave Street
Reading
RG1 1AZ





REGISTERED NUMBER: 05943452 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 2,250,000 2,250,000

CURRENT ASSETS
Cash at bank 34,745 81,595

CREDITORS
Amounts falling due within one year 5 (569,212 ) (10,590 )
NET CURRENT (LIABILITIES)/ASSETS (534,467 ) 71,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,715,533

2,321,005

CREDITORS
Amounts falling due after more than
one year

6

(960,738

)

(1,610,738

)

PROVISIONS FOR LIABILITIES 7 (139,998 ) (139,998 )
NET ASSETS 614,797 570,269

CAPITAL AND RESERVES
Called up share capital 30 30
Property Revaluation Reserve 419,993 419,993
Retained earnings 194,774 150,246
614,797 570,269

BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





M Edmund - Director


BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Beckingham Homes (Guildford) Ltd 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.

The principal activity of the company is that of property rental.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For finance the company relies on a long term loan provided by a related party under common control. In assessing going concern, the director has confirmed that this loan will not be repaid for the foreseeable future and, on that basis, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Rental income represents the rental charges recoverable from tenants, net of Value Added Tax.

Rents received under operating leases, where substantially all of the benefits and risks remain in the company, are credited to the Income Statement on a straight line basis over the period of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. INVESTMENT PROPERTY

Total
FAIR VALUE£
At 1 October 20232,250,000
Revaluations-
At 30 September 20242,250,000
NET BOOK VALUE
At 30 September 20242,250,000
At 30 September 20232,250,000

Fair value at 30 September 2024 is represented by:
£
Valuation in 2022559,991
Cost1,690,009
2,250,000

Included in fair value of investment property is freehold land of £2,250,000 (2023 - £2,250,000) which is not depreciated.


BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 552,500 -
Corporation tax 10,952 1,868
Accruals and deferred income 5,760 8,722
569,212 10,590

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 650,000
Other creditors 960,738 960,738
960,738 1,610,738

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Revalued Assets 139,998 139,998

Deferred
tax
£   
Balance at 1 October 2023 139,998
Balance at 30 September 2024 139,998

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 650,000

BECKINGHAM HOMES (GUILDFORD) LTD (REGISTERED NUMBER: 05943452)

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


9. RELATED PARTY DISCLOSURES

Included within Creditors falling due after more than one year are amounts of £960,738 (2023 - £960,738) owed to Schyde Investments Limited, a company under common control.

During the year a loan of £590,000 was provided from the shareholder, of which £37,500 was repaid. At the balance sheet date £552,500 was outstanding and is included in creditors falling due within one year. These amounts are unsecured, interest free and repayable on demand.