Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42024-01-18falsefalse0false 15424025 2024-01-17 15424025 2024-01-18 2025-01-31 15424025 2023-01-18 2024-01-17 15424025 2025-01-31 15424025 c:Director3 2024-01-18 2025-01-31 15424025 d:FreeholdInvestmentProperty 2024-01-18 2025-01-31 15424025 d:FreeholdInvestmentProperty 2025-01-31 15424025 d:CurrentFinancialInstruments 2025-01-31 15424025 d:Non-currentFinancialInstruments 2025-01-31 15424025 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 15424025 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 15424025 d:ShareCapital 2025-01-31 15424025 d:RetainedEarningsAccumulatedLosses 2025-01-31 15424025 c:OrdinaryShareClass1 2024-01-18 2025-01-31 15424025 c:OrdinaryShareClass1 2025-01-31 15424025 c:OrdinaryShareClass2 2024-01-18 2025-01-31 15424025 c:OrdinaryShareClass2 2025-01-31 15424025 c:FRS102 2024-01-18 2025-01-31 15424025 c:AuditExempt-NoAccountantsReport 2024-01-18 2025-01-31 15424025 c:FullAccounts 2024-01-18 2025-01-31 15424025 c:PrivateLimitedCompanyLtd 2024-01-18 2025-01-31 15424025 e:PoundSterling 2024-01-18 2025-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15424025









BEITZAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

 
BEITZAM LIMITED
REGISTERED NUMBER: 15424025

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
Note
£

Fixed assets
  

Investment property
 4 
6,240,768

  
6,240,768

Current assets
  

Debtors: amounts falling due within one year
 5 
46,805

Cash at bank and in hand
 6 
30,033

  
76,838

Creditors: amounts falling due within one year
 7 
(2,244,204)

Net current (liabilities)/assets
  
 
 
(2,167,366)

Total assets less current liabilities
  
4,073,402

Creditors: amounts falling due after more than one year
 8 
(4,050,000)

  

Net assets
  
23,402


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
23,302

  
23,402


Page 1

 
BEITZAM LIMITED
REGISTERED NUMBER: 15424025
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 on 26 June 2025.




N Zamek
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BEITZAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

1.


General information

Beitzam Limited is a private Company limited by shares, incorporated in England and Wales. The registered office is The Office Inglewood Mansions, 289 West End Lane, London, NW6 1RE.

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 company's functional and presentational currency is GBP, to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises rental income received from the company's investment properties and is recognised in accordance with the lease terms. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

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 reporting date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment properties are initially recognised at cost.  After recognition they are carried at fair value,  determined annually by the director based on periodic valuations and updated for any changes in the current market rents and investment property yields for comparable real estate. Values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.

Page 3

 
BEITZAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

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. 

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
6,240,768



At 31 January 2025
6,240,768

The 2025 valuations were made by the directors, on an open market value for existing use basis.






Page 4

 
BEITZAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

5.


Debtors

2025
£


Prepayments
46,805

46,805



6.


Cash and cash equivalents

2025
£

Cash at bank and in hand
30,033

30,033



7.


Creditors: Amounts falling due within one year

2025
£

Bank loans
300,000

Amounts owed to group undertakings
1,911,520

Corporation tax
30,284

Accruals and deferred income
2,400

2,244,204



8.


Creditors: Amounts falling due after more than one year

2025
£

Bank loans
4,050,000

4,050,000


HS Credit (Manchester) Ltd holds fixed and floating charges over Beitzam Limited. The floating charge covers all of the property or undertaking of the company. The charges also contain a negative pledge.

Page 5

 
BEITZAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

9.


Share capital

2025
£
Allotted, called up and fully paid


50 A Ordinary shares of £1.00 each
50
50 B Ordinary shares of £1.00 each
50

100


On 18 January 2024, the Company issued 100 £1 Ordinary shares at par. On 29 January 2024, the shares were designated into 50 A Ordinary shares and 50 B Ordinary shares.


10.


Related party transactions

The company is exempt from disclosing related party transactions between members of the group in accordance with FRS 102 paragraph 33.1A.

 
Page 6