Company Registration No. 08606881 (England and Wales)
BEAM HOMES LIMITED
Unaudited accounts
for the year ended 31 July 2024
BEAM HOMES LIMITED
Unaudited accounts
Contents
BEAM HOMES LIMITED
Company Information
for the year ended 31 July 2024
Company Number
08606881 (England and Wales)
Registered Office
FLAT 4 31 GROSVENOR ROAD
WANSTEAD
LONDON
E11 2EW
ENGLAND
Accountants
Pricewise Accountants
63 St Mary Axe
City of London
London
EC3A 8AA
BEAM HOMES LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
1,245,674
1,244,604
Cash at bank and in hand
18,902
59,413
Creditors: amounts falling due within one year
(551)
(500)
Net current assets
882,944
958,157
Total assets less current liabilities
2,128,619
2,202,762
Creditors: amounts falling due after more than one year
(2,006,490)
(2,059,110)
Net assets
122,129
143,652
Called up share capital
100
100
Revaluation reserve
353,706
353,706
Profit and loss account
(231,677)
(210,154)
Shareholders' funds
122,129
143,652
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Mrs B K Mullah
Director
Company Registration No. 08606881
BEAM HOMES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
BEAM HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08606881. The registered office is FLAT 4 31 GROSVENOR ROAD, WANSTEAD, LONDON, E11 2EW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
-not provided
Computer equipment
-25% on reducing balance
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
1,243,503
4,311
1,247,814
At 31 July 2024
1,243,503
5,656
1,249,159
At 1 August 2023
-
3,210
3,210
Charge for the year
-
275
275
At 31 July 2024
-
3,485
3,485
At 31 July 2024
1,243,503
2,171
1,245,674
At 31 July 2023
1,243,503
1,101
1,244,604
BEAM HOMES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
5
Investments
Subsidiary undertakings
Valuation at 1 August 2023
1
Valuation at 31 July 2024
1
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Magestic Commerce Limited
Registered office: Flat 4 31 Grosvenor Road, Wanstead, London, England, E11 2EW
Nature of business: Letting and operating of own properties
Amounts falling due after more than one year
Amounts due from group undertakings etc.
864,593
899,244
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
1,938,938
1,977,938
Other creditors
4,892
6,857
Loans from directors
41,833
43,484
The controlling party is Mrs B K Mullah.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).