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REGISTERED NUMBER: 04075104 (England and Wales)

















Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 30 September 2024

for

Beech Cliffe Limited

Beech Cliffe Limited (Registered number: 04075104)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


Beech Cliffe Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr P D M Ratcliffe
Mrs S C Ratcliffe





REGISTERED OFFICE: Beech Cliffe Grange
Munsbrough Lane
Greasbrough
Rotherham
South Yorkshire
S61 4NS





REGISTERED NUMBER: 04075104 (England and Wales)





AUDITORS: Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

Beech Cliffe Limited (Registered number: 04075104)

Strategic Report
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The company operates two residential homes in South Yorkshire for autistic adults who additionally have a Learning Disability and who can display unsafe behaviours.

The directors are pleased to note that occupancy levels at the homes remain high and the directors have continued their policy of improving the accommodation and facilities available to residents and staff. The directors and staff have worked tirelessly in very difficult circumstances, alongside residents and their families, to meet ongoing challenges, many of which are beyond the directors' control.

The continued pressures on public finances have meant that, over recent years, annual fee increases for many residents have either not been given or not kept pace with increased costs, in particular employment costs. The directors are pleased to note that progress has been made in this respect with some local authorities and more appropriate fees have been agreed. The directors continue to take all necessary measures to ensure that the quality of service to residents is maintained. There is still work to be done to achieve fees across the board which reflect current costs and the specialist care which the company provides. In the current economic and political climate this will be an ongoing challenge.

Turnover increased on the previous financial year reflecting higher capacity for the full year and some fee increases. As a result, the company reported an increased operating profit for the year ended 30 September 2024 of £374,473 compared to £338,319 in the previous year. The directors are very appreciative of the continued support of the bank and a third party creditor, whose loan continues to be provided interest free. The bank has also continued to be very supportive and long-term loan facilities are in place. After interest, the profit for the year was £251,202 compared to a profit of £221,909 in the previous year.

The directors have continued to monitor, update and adapt controls and procedures in accordance with relevant UK government, Public Health England and local authority guidance with the health and safety of residents, staff, visitors, suppliers and service providers the key priority. In common with the whole Care Sector the company continues to face challenges exacerbated by increased wage and other costs in excess of fee increases. Uncertainties therefore remain. The directors are satisfied that they are taking all appropriate measures to mitigate any risks to the continuing operations of the company.

Due to the continued exceptional team efforts of the management and staff and the continuing financial support of the directors, the bank and a related third party, the company remains, in the opinion of the directors, in a satisfactory financial position.

ON BEHALF OF THE BOARD:





Mrs S C Ratcliffe - Director


13 June 2025

Beech Cliffe Limited (Registered number: 04075104)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The company operates two residential homes in South Yorkshire for autistic adults who additionally have a Learning Disability and who can display unsafe behaviours.

DIVIDENDS
Ordinary interim dividends paid amounted to £36,947 (2023 - £29,447). The directors do not recommend payment of a final dividend.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr P D M Ratcliffe
Mrs S C Ratcliffe

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Beech Cliffe Limited (Registered number: 04075104)

Report of the Directors
for the Year Ended 30 September 2024


AUDITORS
The auditors, Sutton McGrath Hartley, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mrs S C Ratcliffe - Director


13 June 2025

Report of the Independent Auditors to the Members of
Beech Cliffe Limited

Opinion
We have audited the financial statements of Beech Cliffe Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Beech Cliffe Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based
approach.

In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom
Generally Accepted Accounting Practice including Financial Reporting Standard 102, the relevant tax compliance
regulations within the UK, employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies.The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of material misstatement as a result of fraud are also considered. These are
assessed by obtaining an understanding of the company's operations and control environment. The policies and
controls have been reviewed by discussion, review and sample testing of accounting entries, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively
monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the company operates in and its size and complexity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Beech Cliffe Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Salim FCCA (Senior Statutory Auditor)
for and on behalf of Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

13 June 2025

Beech Cliffe Limited (Registered number: 04075104)

Statement of Comprehensive
Income
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER 2,817,587 2,552,576

Cost of sales (2,141,202 ) (1,937,232 )
GROSS PROFIT 676,385 615,344

Administrative expenses (302,564 ) (279,540 )
373,821 335,804

Other operating income 652 2,515
OPERATING PROFIT 4 374,473 338,319


Interest payable and similar expenses 5 (123,271 ) (116,410 )
PROFIT BEFORE TAXATION 251,202 221,909

Tax on profit 6 (62,984 ) (126,247 )
PROFIT FOR THE FINANCIAL YEAR 188,218 95,662

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

188,218

95,662

Beech Cliffe Limited (Registered number: 04075104)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 2,501,510 2,513,816

CURRENT ASSETS
Debtors 9 3,201,704 3,283,421
Cash at bank and in hand 201,477 68,949
3,403,181 3,352,370
CREDITORS
Amounts falling due within one year 10 (1,013,876 ) (1,009,371 )
NET CURRENT ASSETS 2,389,305 2,342,999
TOTAL ASSETS LESS CURRENT LIABILITIES 4,890,815 4,856,815

CREDITORS
Amounts falling due after more than one
year

11

(1,303,912

)

(1,418,652

)

PROVISIONS FOR LIABILITIES 15 (318,859 ) (321,390 )
NET ASSETS 3,268,044 3,116,773

CAPITAL AND RESERVES
Called up share capital 16 2 2
Revaluation reserve 17 1,407,505 1,407,505
Retained earnings 17 1,860,537 1,709,266
SHAREHOLDERS' FUNDS 3,268,044 3,116,773

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





Mrs S C Ratcliffe - Director


Beech Cliffe Limited (Registered number: 04075104)

Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 2 1,568,081 1,482,475 3,050,558

Changes in equity
Dividends - (29,447 ) - (29,447 )
Total comprehensive income - 170,632 (74,970 ) 95,662
Balance at 30 September 2023 2 1,709,266 1,407,505 3,116,773

Changes in equity
Dividends - (36,947 ) - (36,947 )
Total comprehensive income - 188,218 - 188,218
Balance at 30 September 2024 2 1,860,537 1,407,505 3,268,044

Beech Cliffe Limited (Registered number: 04075104)

Cash Flow Statement
for the Year Ended 30 September 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 493,378 295,610
Interest paid (123,271 ) (116,410 )
Tax paid (51,447 ) (18,115 )
Net cash from operating activities 318,660 161,085

Cash flows from investing activities
Purchase of tangible fixed assets (1,078 ) (1,540 )
Net cash from investing activities (1,078 ) (1,540 )

Cash flows from financing activities
Bank and other loan repayments (146,856 ) (146,600 )
Capital repayments in year (3,002 ) (2,539 )
Amount introduced by directors 1,495 1,495
Amount withdrawn by directors (396 ) (360 )
Government grants 652 2,515
Equity dividends paid (36,947 ) (29,447 )
Net cash from financing activities (185,054 ) (174,936 )

Increase/(decrease) in cash and cash equivalents 132,528 (15,391 )
Cash and cash equivalents at beginning of
year

2

68,949

84,340

Cash and cash equivalents at end of year 2 201,477 68,949

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Cash Flow Statement
for the Year Ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 251,202 221,909
Depreciation charges 13,384 15,934
Government grants (652 ) (2,515 )
Finance costs 123,271 116,410
387,205 351,738
Decrease/(increase) in trade and other debtors 81,718 (59,564 )
Increase in trade and other creditors 24,455 3,436
Cash generated from operations 493,378 295,610

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30/9/24 1/10/23
£    £   
Cash and cash equivalents 201,477 68,949
Year ended 30 September 2023
30/9/23 1/10/22
£    £   
Cash and cash equivalents 68,949 84,340


3. ANALYSIS OF CHANGES IN NET DEBT

At 1/10/23 Cash flow At 30/9/24
£    £    £   
Net cash
Cash at bank and in hand 68,949 132,528 201,477
68,949 132,528 201,477
Debt
Finance leases (7,115 ) 3,002 (4,113 )
Debts falling due within 1 year (806,332 ) 36,856 (769,476 )
Debts falling due after 1 year (1,342,364 ) 110,000 (1,232,364 )
(2,155,811 ) 149,858 (2,005,953 )
Total (2,086,862 ) 282,386 (1,804,476 )

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Beech Cliffe Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Fixtures and fittings - 20% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis, which assumes the continued support of the parent company, its shareholders, the bank and a loan creditor. Details of the bank loan have been included in note 14. Based on the present operational circumstances, and the continued financial support of the bank and the third party creditor, which is expected to continue beyond 12 months from the signing of the accounts, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. For these reasons they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,793,074 1,644,525
Social security costs 151,311 134,463
Other pension costs 31,475 28,519
1,975,860 1,807,507

The average number of employees during the year was as follows:
2024 2023

Care staff 78 76
Directors 2 2
80 78

2024 2023
£    £   
Directors' remuneration 21,792 21,792

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 9,850 7,949
Depreciation - owned assets 11,672 13,650
Depreciation - assets on hire purchase contracts 1,712 2,284
Auditors' remuneration 6,690 7,320

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 121,776 114,913
Interest on overdue tax - 2
Loan interest payable 1,495 1,495
123,271 116,410

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 65,515 51,447

Deferred tax (2,531 ) 74,800
Tax on profit 62,984 126,247

UK corporation tax has been charged at 25% .

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 251,202 221,909
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

62,801

55,477

Effects of:
Expenses not deductible for tax purposes 184 153
Depreciation in excess of capital allowances 2,530 2,939
Deferred tax movement (2,531 ) 74,800
Marginal relief - (113 )
Change in tax rate - (7,009 )
Total tax charge 62,984 126,247

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 36,947 29,447

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 2,457,926 96,749 50,905 2,605,580
Additions - 1,078 - 1,078
At 30 September 2024 2,457,926 97,827 50,905 2,606,658
DEPRECIATION
At 1 October 2023 - 53,428 38,336 91,764
Charge for year - 10,242 3,142 13,384
At 30 September 2024 - 63,670 41,478 105,148
NET BOOK VALUE
At 30 September 2024 2,457,926 34,157 9,427 2,501,510
At 30 September 2023 2,457,926 43,321 12,569 2,513,816

An Independent professional valuation of the company's freehold property was carried out in April 2021 and there was no material difference to the net book value at the balance sheet date.

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 13,918
DEPRECIATION
At 1 October 2023 7,068
Charge for year 1,712
At 30 September 2024 8,780
NET BOOK VALUE
At 30 September 2024 5,138
At 30 September 2023 6,850

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,451 10,535
Amounts owed by group undertakings 3,101,765 3,101,765
Other debtors 12,683 319
Prepayments 84,805 170,802
3,201,704 3,283,421

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 12) 110,000 110,000
Other loans (see note 12) 659,476 696,332
Hire purchase contracts (see note 13) 4,113 2,771
Trade creditors 46,435 29,694
Tax 65,515 51,447
Social security and other taxes 35,448 33,474
Other creditors 11,248 9,479
Wages control 265 -
Directors' current accounts 23,397 21,902
Accruals and deferred income 57,979 54,272
1,013,876 1,009,371

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 12) 1,232,364 1,342,364
Hire purchase contracts (see note 13) - 4,344
Directors' loan accounts 71,548 71,944
1,303,912 1,418,652

12. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 110,000 110,000
Other loans 659,476 696,332
769,476 806,332

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,232,364 1,310,697

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years by
instalments

-

31,667

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,113 2,771
Between one and five years - 4,344
4,113 7,115

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

13. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,717 5,257
Between one and five years 39,360 13,143
48,077 18,400

14. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,342,364 1,452,364
Hire purchase contracts 4,113 7,115
1,346,477 1,459,479

The bank loans are secured by charges over the assets of the company and because of covenants in place, are repayable before the other borrowings.

There are two bank loans included in the above. Both loans are repayable by installments over their period and will be repaid within 8 years. Both have interest charged at market rates.

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 318,859 321,390

Deferred
tax
£   
Balance at 1 October 2023 321,390
Provided during year (2,531 )
Deferred tax on revaluation
Balance at 30 September 2024 318,859

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Beech Cliffe Limited (Registered number: 04075104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

17. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 1,709,266 1,407,505 3,116,771
Profit for the year 188,218 - 188,218
Dividends (36,947 ) - (36,947 )
At 30 September 2024 1,860,537 1,407,505 3,268,042

The property revaluation reserve comprises the cumulative effect of revaluations of freehold land and buildings which are revalued to fair value at each reporting date.

18. ULTIMATE PARENT COMPANY

Beech Cliffe (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.

19. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.