Silverfin false false 31/12/2024 01/01/2024 31/12/2024 R J Walsh 02/03/1998 T M Walsh 02/03/1998 T D Walsh 02/03/1998 29 March 2025 The principal activity of the Company during the financial year was property letting. 03519906 2024-12-31 03519906 bus:Director1 2024-12-31 03519906 bus:Director2 2024-12-31 03519906 bus:Director3 2024-12-31 03519906 2023-12-31 03519906 core:CurrentFinancialInstruments 2024-12-31 03519906 core:CurrentFinancialInstruments 2023-12-31 03519906 core:ShareCapital 2024-12-31 03519906 core:ShareCapital 2023-12-31 03519906 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 03519906 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 03519906 core:RetainedEarningsAccumulatedLosses 2024-12-31 03519906 core:RetainedEarningsAccumulatedLosses 2023-12-31 03519906 2024-01-01 2024-12-31 03519906 bus:FilletedAccounts 2024-01-01 2024-12-31 03519906 bus:SmallEntities 2024-01-01 2024-12-31 03519906 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03519906 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03519906 bus:Director1 2024-01-01 2024-12-31 03519906 bus:Director2 2024-01-01 2024-12-31 03519906 bus:Director3 2024-01-01 2024-12-31 03519906 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 03519906 (England and Wales)

BEAUMONT PREMIER PROPERTIES LIMITED

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

BEAUMONT PREMIER PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BEAUMONT PREMIER PROPERTIES LIMITED

BALANCE SHEET

As at 31 December 2024
BEAUMONT PREMIER PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 9,342,501 9,342,501
9,342,501 9,342,501
Current assets
Debtors 4 181,320 182,632
Cash at bank and in hand 180,292 59,829
361,612 242,461
Creditors: amounts falling due within one year 5 ( 3,021,951) ( 3,141,629)
Net current liabilities (2,660,339) (2,899,168)
Total assets less current liabilities 6,682,162 6,443,333
Provision for liabilities 6 ( 491,779) ( 599,594)
Net assets 6,190,383 5,843,739
Capital and reserves
Called-up share capital 5,000 5,000
Fair value reserve 2,294,979 2,187,164
Profit and loss account 3,890,404 3,651,575
Total shareholders' funds 6,190,383 5,843,739

For the financial year 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Beaumont Premier Properties Limited (registered number: 03519906) were approved and authorised for issue by the Board of Directors on 29 March 2025. They were signed on its behalf by:

R J Walsh
Director
BEAUMONT PREMIER PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BEAUMONT PREMIER PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Beaumont Premier Properties 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 The Hollies, Bower Hinton, Martock, TA12 6LG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration receivable for rental income in the ordinary course of the company’s activities. Turnover is shown net of rebates and is recognised based on the period of occupation.
The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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 liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 January 2024 9,342,501
As at 31 December 2024 9,342,501

Valuation

Investment properties were revalued on 31 December 2024 by the directors who are internal to the company. The basis of valuation was open market basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 6,767,646 6,767,646

4. Debtors

2024 2023
£ £
Trade debtors 1,983 3,969
Other debtors 179,337 178,663
181,320 182,632

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,185 836
Taxation and social security 76,787 67,722
Other creditors 2,942,979 3,073,071
3,021,951 3,141,629

6. Provision for liabilities

2024 2023
£ £
Deferred tax 491,779 599,594

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
The Hollies Hotel Limited (A company owned by the directors) 2,724,017 2,836,966
Urban Commercial Limited (A company owned by the directors) (170,285) (170,285)

Included within other creditors is a loan account with The Hollies Hotel Limited. There are no fixed terms for repayment and no interest has been charged.