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COMPANY REGISTRATION NUMBER: 5219219
Beevale Properties Limited
Filleted Unaudited Financial Statements
30 September 2024
Beevale Properties Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
715,273
715,273
Current assets
Debtors
6
17,422
17,422
Cash at bank and in hand
48,346
409,056
--------
---------
65,768
426,478
Creditors: amounts falling due within one year
7
23,324
21,936
--------
---------
Net current assets
42,444
404,542
---------
------------
Total assets less current liabilities
757,717
1,119,815
Creditors: amounts falling due after more than one year
8
247,968
667,967
---------
------------
Net assets
509,749
451,848
---------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
508,749
450,848
---------
---------
Shareholders funds
509,749
451,848
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Beevale Properties Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 19 May 2025 , and are signed on behalf of the board by:
AS Sumal
Director
Company registration number: 5219219
Beevale Properties Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, 32-34 Station Close, Potters Bar, Herts, EN6 1TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts for rents, net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 October 2023 and 30 September 2024
715,273
---------
Depreciation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
715,273
---------
At 30 September 2023
715,273
---------
The directors have valued the investment property based upon their knowledge of local property values.
6. Debtors
2024
2023
£
£
Trade debtors
14,422
14,422
Other debtors
3,000
3,000
--------
--------
17,422
17,422
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
15,774
15,442
Social security and other taxes
4,000
2,944
Other creditors
3,550
3,550
--------
--------
23,324
21,936
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
247,968
667,967
---------
---------
9. Controlling party
The company is under the day to day control of AJ Sumal .