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Registered number: 09010410










PANGBOURNE BEAVER PROPERTIES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PANGBOURNE BEAVER PROPERTIES LIMITED
REGISTERED NUMBER: 09010410

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,310,164
2,310,164

  
2,310,164
2,310,164

Current assets
  

Stocks
 5 
2,543,084
2,320,654

Debtors: amounts falling due within one year
 6 
632,606
617,830

Cash at bank and in hand
 7 
2,257,026
2,561,603

  
5,432,716
5,500,087

Creditors: amounts falling due within one year
 8 
(121,307)
(119,330)

Net current assets
  
 
 
5,311,409
 
 
5,380,757

Total assets less current liabilities
  
7,621,573
7,690,921

  

Net assets
  
7,621,573
7,690,921


Capital and reserves
  

Called up share capital 
 9 
100
100

Share premium account
  
2,654,848
2,654,848

Profit and loss account
  
4,966,625
5,035,973

  
7,621,573
7,690,921


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


S E Vandersteen
Director

Date: 24 June 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Pangbourne Beaver Properties Limited is a private limited company, incorporated in England and Wales, registered number 09010410. The address of its registered office is 1 London Street, Reading, Berkshire, RG1 4PN.   

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises income recognised by the company in respect of rental income receivable during the period.
Income on the sale of property is recognised at exchange of contract.

  
2.3

Going concern

The company has substantial cash reserves and, having reviewed the recent results, the cash flow forecasts and the funding in place, the directors are confident that the company can and will continue to operate as a going concern for the foreseeable future. Therefore the financial statements are prepared on a going concern basis.

  
2.4

Investment property

Investment properties are included in the Balance sheet at their historical cost which is not in
accordance with Financial Reporting Standard 102. The investment properties are not depreciated.
This treatment is contrary to the Companies Act 2006 which states that fixed assets should be
depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of
the financial position of the company.

 
2.5

Stocks

Stocks are initially stated at cost or the fair value at acquisition date when acquired as part of a business combination and then held at the lower of this initial amount or the net realisable value. Costs comprise direct materials and, where applicable, direct labour and those overheads that have been incurred in bringing the stock to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. Land is recognised in stock when the significant risks and rewards of ownership have been transferred.

Page 2

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
56,295
49,250

56,295
49,250


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,310,164



At 30 September 2024
2,310,164

The investment properties are held at historical cost and have not been revalued at year end.














Page 4

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks and work in progress

2024
2023
£
£

Long-term contract balances
2,543,084
2,320,654

2,543,084
2,320,654


Long-term contract balances consist of:

2024
2023
£
£


Costs to date less provision for losses
2,543,084
2,320,654

2,543,084
2,320,654



6.


Debtors

2024
2023
£
£


Trade debtors
9,985
11,332

Other debtors
610,759
594,507

Prepayments and accrued income
11,862
11,991

632,606
617,830



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,257,026
2,561,603

2,257,026
2,561,603


Page 5

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,928
3,988

Corporation tax
-
34,071

Other taxation and social security
1,028
-

Other creditors
49,126
33,640

Accruals and deferred income
60,225
47,631

121,307
119,330



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

At the year-end, the Company was owed £40,474 (2023: was owed £28,654) by Lower Bowden Properties Limited, a company with common directors. No interest was charged on this loan (2022: £nil) and it is deemed repayable on demand.
At the year-end, the Company was owed £541,300 (2023: £541,300) by The Beaver Trust, a shareholder of the Company. No interest was charged on this balance (2023: £nil) and the balance is deemed payable on demand.

Page 6

 
PANGBOURNE BEAVER PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was qualified.

The qualification in the audit report was as follows:
As explained in note 2.4 to the financial statements, the company's investment properties (included in the Balance Sheet at £2,310,164) have not been revalued as required by Financial Reporting Standard 102. We are not able to quantify the effect, if any, on reserves and tangible fixed assets of this non-compliance.  Furthermore we have been unable to quantify the effect on deferred tax, if any, of this non-compliance.

The audit report was signed on 24 June 2025 by Alexander Peal DChA BSc (Hons) FCA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.


Page 7