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Registered number: 14449750









BEARD INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
BEARD INVESTMENTS LIMITED
REGISTERED NUMBER: 14449750

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,104
-

Investment property
 5 
301,731
135,888

  
344,835
135,888

Current assets
  

Debtors: amounts falling due within one year
 6 
81,497
84,497

Cash at bank and in hand
 7 
19,339
77,461

  
100,836
161,958

Creditors: amounts falling due within one year
 8 
(236,706)
(300,397)

Net current liabilities
  
 
 
(135,870)
 
 
(138,439)

Total assets less current liabilities
  
208,965
(2,551)

Creditors: amounts falling due after more than one year
 9 
(220,171)
-

  

Net liabilities
  
(11,206)
(2,551)


Capital and reserves
  

Called up share capital 
  
7
3

Profit and loss account
  
(11,213)
(2,554)

  
(11,206)
(2,551)


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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
Page 1

 
BEARD INVESTMENTS LIMITED
REGISTERED NUMBER: 14449750
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

behalf by: 







................................................
M A Beard
Director
Date: 21 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BEARD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Beard Investments Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is the letting of a property.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Going concern

The shareholders and directors consider that the company has sufficient funding for the foreseeable future in the form of shareholder and director support. The financial statements have therefore been prepared as a going concern on the basis that the company is expected to continue in operational existence for the foreseeable future.

 
2.3

Revenue

Revenue is recognised by the company is respect of property rental income received during the year.
Revenue is recognised in the period the rental income relates to.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
BEARD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10% reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, 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 profit or loss.

 
2.9

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.

 
2.10

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.

Page 4

 
BEARD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
37,182
7,520
44,702



At 31 October 2024

37,182
7,520
44,702



Depreciation


Charge for the year on owned assets
658
940
1,598



At 31 October 2024

658
940
1,598



Net book value



At 31 October 2024
36,524
6,580
43,104



At 31 October 2023
-
-
-

Page 5

 
BEARD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
135,888


Additions at cost
165,843



At 31 October 2024
301,731

The 2024 valuations were made by the director, on an open market value for existing use basis.



At 31 October 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
301,731
135,888

301,731
135,888


6.


Debtors

2024
2023
£
£


Other debtors
81,497
84,497

81,497
84,497



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,339
77,461

19,339
77,461


Page 6

 
BEARD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
234,706
283,697

Accruals and deferred income
2,000
16,700

236,706
300,397



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
220,171
-

220,171
-



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
220,171
-

220,171
-

220,171
-


 
Page 7