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BEANCROSS INVEST LTD

Registered Number
SC780300
(Scotland)

Unaudited Financial Statements for the Period ended
31 August 2024

BEANCROSS INVEST LTD
Company Information
for the period from 24 August 2023 to 31 August 2024

Director

LIN, Rui Dong

Registered Address

9 Royal Crescent
Glasgow
G3 7SP

Registered Number

SC780300 (Scotland)
BEANCROSS INVEST LTD
Balance Sheet as at
31 August 2024

Notes

2024

£

£

Fixed assets
Tangible assets3457,384
Investment property41,801,712
2,259,096
Current assets
Debtors5143,583
Cash at bank and on hand368,630
512,213
Creditors amounts falling due within one year6(2,926,177)
Net current assets (liabilities)(2,413,964)
Total assets less current liabilities(154,868)
Net assets(154,868)
Capital and reserves
Called up share capital2,000
Profit and loss account(156,868)
Shareholders' funds(154,868)
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
LIN, Rui Dong
Director
Registered Company No. SC780300
BEANCROSS INVEST LTD
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings10
Fixtures and fittings6.67
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
Additions225,606248,351473,957
At 31 August 24225,606248,351473,957
Depreciation and impairment
Charge for year7,7248,84816,572
Other adjustments1-1
At 31 August 247,7258,84816,573
Net book value
At 31 August 24217,881239,503457,384
At 23 August 23---
4.Investment property
The property was revalued by the director at the period end, he considers the cost to be equivalent to its market value at that date.

£
Additions1,801,712
At 31 August 241,801,712
5.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables63,000
Other debtors76,766
Prepayments and accrued income3,817
Total143,583
Included within other debtors is a loan of £11,857 to Beijing Falkirk Ltd, a company in which the director's wife is the director and shareholder. The loan is interest free and repayable on demand.
6.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables22,598
Other creditors2,892,363
Accrued liabilities and deferred income11,216
Total2,926,177
Included within other creditors is a loan of £2,018,247 from Linfield Investments Limited, a company in which the director is the director and a shareholder. Other creditors also includes a loan of £70,000 from the director's wife. Both amounts are interest free and repayable on demand.
7.Related party transactions
Other creditors includes a loan of £70,000 from the director's wife.