Company No:
Contents
| DIRECTORS | P D Dean |
| S L Dean | |
| S J Rutt | |
| A F Screech |
| REGISTERED OFFICE | Beeches Farm |
| Icknield Way | |
| Tring | |
| HP23 4LA | |
| United Kingdom |
| COMPANY NUMBER | 07772861 (England and Wales) |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investment property | 4 |
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| Investments | 5 |
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| 10,692 | 14,651,790 | |||
| Current assets | ||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| 18,268,267 | 21,925,936 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current assets | 16,669,801 | 1,700,544 | ||
| Total assets less current liabilities | 16,680,493 | 16,352,334 | ||
| Provision for liabilities | 9 |
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Beeches Property (Tring) Limited (registered number:
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S J Rutt
Director |
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.
Beeches Property (Tring) 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 Beeches Farm, Icknield Way, Tring, HP23 4LA, United Kingdom.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention except where otherwise stated.
The directors of the related party creditor have confirmed that they will not seek repayment of the amount due for at least a further year from the date of approval of the accounts. Accordingly, the directors continue to adopt the going concern basis in preparing the accounts.
Group accounts exemption s399
As the company is subject to the small companies regime, group accounts have not been prepared.
Development turnover is recognised in the accounts upon exchange of contracts or on satisfaction of relevant conditions when conditional contracts have been exchanged.
The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Current tax
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
The deferred tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
| Vehicles |
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| Fixtures and fittings |
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| Office equipment |
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Investments in subsidiary undertakings are recognised at cost.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
The preference share capital is classified as equity. Any accrued and unpaid preference share dividends are recognised as a liability.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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| Vehicles | Fixtures and fittings | Office equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 29 September 2023 |
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| At 28 September 2024 |
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| Accumulated depreciation | |||||||
| At 29 September 2023 |
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| Charge for the financial year |
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| At 28 September 2024 |
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| Net book value | |||||||
| At 28 September 2024 |
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| At 28 September 2023 |
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| Investment property | |
| £ | |
| Valuation | |
| As at 29 September 2023 |
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| Disposals | (14,638,450) |
| As at 28 September 2024 |
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Investments in subsidiaries
| 2024 | |
| £ | |
| Cost | |
| At 29 September 2023 |
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| At 28 September 2024 |
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| Carrying value at 28 September 2024 |
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| Carrying value at 28 September 2023 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 28.09.2024 |
Ownership 28.09.2023 |
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Beeches Farm, Icknield Way, Tring, Hertfordshire, HP23 4LA, United Kingdom | Property Business |
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| 2024 | 2023 | ||
| £ | £ | ||
| Stocks |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by group undertakings (note 10) |
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| Corporation tax |
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| Other debtors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to directors (note 10) |
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| Accruals |
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| Other taxation and social security |
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| Other creditors |
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Other creditors includes £1,465,374 (2023 - £1,946,592) of accrued preference share dividends (see note 10).
| 2024 | 2023 | ||
| £ | £ | ||
| At the beginning of financial year | (
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| Credited to the Profit and Loss Account |
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| At the end of financial year |
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Summary of transactions with subsidiaries
The company provided a loan to it's subsidiary, Rockshine Limited, which was interest free and repayable upon demand. At the balance sheet date the amount due from Rockshine Limited was £nil (2023 - £4,103,533).
Summary of transactions with other related parties
The company's preference shareholders provided a loan to the company which incured interest at 3.0% per annum and was repayable upon demand. At the balance sheet date the amount due to these company shareholders was £nil (2023 - £17,550,402). During the year the company paid interest of £493,380 (2023 - £663,924). In addition, preference dividends of £216,000 (2023 - £216,000) accrued on the preference shares. The total accrued and unpaid preference share dividends at the year end was £1,465,374 (2023 - £1,946,542).
Summary of transactions with Directors
The company owes balances to it's Directors of £906 (2023 - £21,491). These amounts are interest free and are repayable on demand.