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Registration number: NI046706

Beechill Development Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Beechill Development Company Limited

(Registration number: NI046706)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

5,254

6,568

Investment property

5

212,538

212,538

 

217,792

219,106

Current assets

 

Stocks

6

374,827

501,000

Debtors

7

138,941

20,812

Cash at bank and in hand

 

111,086

270,965

 

624,854

792,777

Creditors: Amounts falling due within one year

8

(158,668)

(315,091)

Net current assets

 

466,186

477,686

Total assets less current liabilities

 

683,978

696,792

Creditors: Amounts falling due after more than one year

8

(3,290)

(13,338)

Provisions for liabilities

(1,184)

(1,513)

Net assets

 

679,504

681,941

Capital and reserves

 

Called up share capital

10

20,000

20,000

Retained earnings

659,504

661,941

Shareholders' funds

 

679,504

681,941

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Beechill Development Company Limited

(Registration number: NI046706)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2025 and signed on its behalf by:
 

.........................................
Mr John McAree
Director

 

Beechill Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 4 Church Glen, Lisburn, Co Antrim, BT28 3FP.

These financial statements were authorised for issue by the Board on 3 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents total construction work done during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Beechill Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Fit out

20% reducing balance basis

Office Equipment

20% reducing balance basis

Plant & machinery

20% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stock and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Beechill Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4

Tangible assets

Office Fit out
£

Office Equipment
 £

Plant & machinery
 £

Total
£

Cost or valuation

At 1 April 2024

8,856

9,620

32,102

50,578

At 31 March 2025

8,856

9,620

32,102

50,578

Depreciation

At 1 April 2024

8,747

7,332

27,931

44,010

Charge for the year

22

458

834

1,314

At 31 March 2025

8,769

7,790

28,765

45,324

Carrying amount

At 31 March 2025

87

1,830

3,337

5,254

At 31 March 2024

109

2,288

4,171

6,568

 

Beechill Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Investment properties

2025
£

At 1 April

212,538

At 31 March

212,538

Investment properties are stated at cost which, in the opinion of the Directors, is not materially different from fair value.

There has been no valuation of investment property by an independent valuer.

6

Work in progress

2025
£

2024
£

Work in progress

374,827

501,000

7

Debtors

Current

2025
£

2024
£

Trade debtors

10,349

-

Prepayments

2,294

2,370

Other debtors

126,298

18,442

 

138,941

20,812

 

Beechill Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Due within one year

Note

2025
£

2024
£

Loans and borrowings

9

10,000

10,000

Trade creditors

 

64,377

94,359

Taxation and social security

 

29,329

29,845

Accruals and deferred income

 

53,841

53,963

Other creditors

 

1,121

126,924

 

158,668

315,091

Due after one year

Note

2025
£

2024
£

Loans and borrowings

9

3,290

13,338

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,290

13,338

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,000

10,000

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

20,000

20,000

20,000

20,000