Silverfin false false 28/09/2024 29/09/2023 28/09/2024 P D Dean 07/11/2011 S L Dean 07/11/2011 S J Rutt 02/10/2020 A F Screech 07/11/2011 28 May 2025 no description of principal activity 07772861 2024-09-28 07772861 bus:Director1 2024-09-28 07772861 bus:Director2 2024-09-28 07772861 bus:Director3 2024-09-28 07772861 bus:Director4 2024-09-28 07772861 2023-09-28 07772861 core:CurrentFinancialInstruments 2024-09-28 07772861 core:CurrentFinancialInstruments 2023-09-28 07772861 core:ShareCapital 2024-09-28 07772861 core:ShareCapital 2023-09-28 07772861 core:RetainedEarningsAccumulatedLosses 2024-09-28 07772861 core:RetainedEarningsAccumulatedLosses 2023-09-28 07772861 core:Vehicles 2023-09-28 07772861 core:FurnitureFittings 2023-09-28 07772861 core:OfficeEquipment 2023-09-28 07772861 core:Vehicles 2024-09-28 07772861 core:FurnitureFittings 2024-09-28 07772861 core:OfficeEquipment 2024-09-28 07772861 core:CostValuation 2023-09-28 07772861 core:CostValuation 2024-09-28 07772861 2022-09-28 07772861 2023-09-29 2024-09-28 07772861 bus:FilletedAccounts 2023-09-29 2024-09-28 07772861 bus:SmallEntities 2023-09-29 2024-09-28 07772861 bus:AuditExempt-NoAccountantsReport 2023-09-29 2024-09-28 07772861 bus:PrivateLimitedCompanyLtd 2023-09-29 2024-09-28 07772861 bus:Director1 2023-09-29 2024-09-28 07772861 bus:Director2 2023-09-29 2024-09-28 07772861 bus:Director3 2023-09-29 2024-09-28 07772861 bus:Director4 2023-09-29 2024-09-28 07772861 core:Vehicles 2023-09-29 2024-09-28 07772861 core:FurnitureFittings core:TopRangeValue 2023-09-29 2024-09-28 07772861 core:OfficeEquipment core:TopRangeValue 2023-09-29 2024-09-28 07772861 2022-09-29 2023-09-28 07772861 core:FurnitureFittings 2023-09-29 2024-09-28 07772861 core:OfficeEquipment 2023-09-29 2024-09-28 07772861 core:Subsidiary1 2023-09-29 2024-09-28 07772861 core:Subsidiary1 1 2023-09-29 2024-09-28 07772861 core:Subsidiary1 1 2022-09-29 2023-09-28 07772861 core:CurrentFinancialInstruments 2023-09-29 2024-09-28 iso4217:GBP xbrli:pure decimalUnit

Company No: 07772861 (England and Wales)

BEECHES PROPERTY (TRING) LIMITED

Unaudited Financial Statements
For the financial year ended 28 September 2024
Pages for filing with the registrar

BEECHES PROPERTY (TRING) LIMITED

Unaudited Financial Statements

For the financial year ended 28 September 2024

Contents

BEECHES PROPERTY (TRING) LIMITED

COMPANY INFORMATION

For the financial year ended 28 September 2024
BEECHES PROPERTY (TRING) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 September 2024
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)
BEECHES PROPERTY (TRING) LIMITED

BALANCE SHEET

As at 28 September 2024
BEECHES PROPERTY (TRING) LIMITED

BALANCE SHEET (continued)

As at 28 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 10,592 13,240
Investment property 4 0 14,638,450
Investments 5 100 100
10,692 14,651,790
Current assets
Stocks 6 11,849,342 13,599,198
Debtors 7 1,918,482 5,038,770
Cash at bank and in hand 4,500,443 3,287,968
18,268,267 21,925,936
Creditors: amounts falling due within one year 8 ( 1,598,466) ( 20,225,392)
Net current assets 16,669,801 1,700,544
Total assets less current liabilities 16,680,493 16,352,334
Provision for liabilities 9 0 ( 411,363)
Net assets 16,680,493 15,940,971
Capital and reserves
Called-up share capital 5,401,000 5,401,000
Profit and loss account 11,279,493 10,539,971
Total shareholders' funds 16,680,493 15,940,971

For the financial year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Beeches Property (Tring) Limited (registered number: 07772861) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

S J Rutt
Director
BEECHES PROPERTY (TRING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 2024
BEECHES PROPERTY (TRING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 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

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.

Going concern

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

Group accounts exemption s399
As the company is subject to the small companies regime, group accounts have not been prepared.

Turnover

Turnover comprises the fair value of the rents receivable on properties held as investments, together with proceeds from the sale of properties that have been developed for resale. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Development turnover is recognised in the accounts upon exchange of contracts or on satisfaction of relevant conditions when conditional contracts have been exchanged.

Taxation

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.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Vehicles 20 % reducing balance
Fixtures and fittings 5 years straight line
Office equipment 3 years straight line

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as above.

Investment property

Investment property is carried at fair value, and is revalued annually by the directors to an amount equal to fair value. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks represents freehold properties that are held for resale and freehold properties that are under development which will be sold once completed. They are shown at the lower of cost and net realisable value. Cost includes the purchase price and associated development costs.

Trade and other debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelvemonths after the reporting date. Trade creditors are recognised initially at the transaction price.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

The ordinary share capital is classified as equity.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Preference share capital

The preference share capital is classified as equity. Any accrued and unpaid preference share dividends are recognised as a liability.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 4 4

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 29 September 2023 50,883 29,932 7,973 88,788
At 28 September 2024 50,883 29,932 7,973 88,788
Accumulated depreciation
At 29 September 2023 37,643 29,932 7,973 75,548
Charge for the financial year 2,648 0 0 2,648
At 28 September 2024 40,291 29,932 7,973 78,196
Net book value
At 28 September 2024 10,592 0 0 10,592
At 28 September 2023 13,240 0 0 13,240

4. Investment property

Investment property
£
Valuation
As at 29 September 2023 14,638,450
Disposals (14,638,450)
As at 28 September 2024 0

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 29 September 2023 100
At 28 September 2024 100
Carrying value at 28 September 2024 100
Carrying value at 28 September 2023 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
28.09.2024
Ownership
28.09.2023
Rockshine Limited Beeches Farm, Icknield Way, Tring, Hertfordshire, HP23 4LA, United Kingdom Property Business Ordinary 100.00% 100.00%

6. Stocks

2024 2023
£ £
Stocks 11,849,342 13,599,198

An impairment loss of £109,590 (2023 - £608,459) was recognised in cost of sales as part of writing down closing stock to it’s net realisable value at the year end. A reversal of a previously recognised impairment expense of £481,902 was also recognised.

7. Debtors

2024 2023
£ £
Trade debtors 22,491 223,676
Amounts owed by group undertakings (note 10) 0 4,103,533
Corporation tax 26,536 157,086
Other debtors 1,869,455 554,475
1,918,482 5,038,770

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 65,498 81,269
Amounts owed to directors (note 10) 906 21,491
Accruals 66,688 623,186
Other taxation and social security 0 2,452
Other creditors 1,465,374 19,496,994
1,598,466 20,225,392

There are no amounts included above in respect of which any security has been given by the company.

Other creditors includes £1,465,374 (2023 - £1,946,592) of accrued preference share dividends (see note 10).

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 411,363) ( 708,374)
Credited to the Profit and Loss Account 411,363 297,011
At the end of financial year 0 ( 411,363)

10. Related party transactions

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.