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REGISTERED NUMBER: 10403961 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Beales Properties Ltd

Beales Properties Ltd (Registered number: 10403961)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beales Properties Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A M Beales
Mrs M Beales





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 10403961 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Beales Properties Ltd (Registered number: 10403961)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 460,000 460,000

CURRENT ASSETS
Debtors 5 1,738 699
Cash at bank 15,479 10,853
17,217 11,552
CREDITORS
Amounts falling due within one year 6 6,067 4,210
NET CURRENT ASSETS 11,150 7,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,150

467,342

PROVISIONS FOR LIABILITIES 14,934 14,934
NET ASSETS 456,216 452,408

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 456,214 452,406
SHAREHOLDERS' FUNDS 456,216 452,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:



Mrs M Beales - Director


Beales Properties Ltd (Registered number: 10403961)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Beales Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 2 (2024 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 460,000
NET BOOK VALUE
At 31 March 2025 460,000
At 31 March 2024 460,000

Beales Properties Ltd (Registered number: 10403961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 (8,486 )
Valuation in 2020 8,486
Valuation in 2023 18,601
Valuation in 2024 60,000
Cost 381,399
460,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 381,399 381,399

Investment properties were valued on an open market basis on 31 March 2025 by Mrs M Beales, Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,738 699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,770 887
Other creditors 3,297 3,323
6,067 4,210