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REGISTERED NUMBER: 00855823 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

I.L. BEEKS (HIGH WYCOMBE) LIMITED

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


I.L. BEEKS (HIGH WYCOMBE) LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTORS: Mr Ivor Leonard Beeks
Mrs Janet Audrey Beeks
Mr Paul Jason Beeks
Mrs Julia Ann Beeks





SECRETARY: Mrs Janet Audrey Beeks





REGISTERED OFFICE: Archway House
Bellfield Road
High Wycombe
Buckinghamshire
HP13 5HJ





REGISTERED NUMBER: 00855823 (England and Wales)





ACCOUNTANTS: Mackenzie Dodd Consulting Limited
Accountants and Business Advisers
St Mary's Court, The Broadway
Old Amersham
Buckinghamshire

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

REPORT OF THE DIRECTORS
For The Year Ended 31 October 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

Mr Ivor Leonard Beeks
Mrs Janet Audrey Beeks
Mr Paul Jason Beeks
Mrs Julia Ann Beeks

Other changes in directors holding office are as follows:

Mr Philip Mason and Mr Timothy Charles Werrell ceased to be directors after 31 October 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Paul Jason Beeks - Director


29 July 2025

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 14,124 20,655
Investment property 6 5,308,313 4,713,850
5,322,437 4,734,505

CURRENT ASSETS
Stocks 7 777,170 811,746
Debtors 8 1,186,626 334,281
Cash at bank and in hand 57,265 1,071,020
2,021,061 2,217,047
CREDITORS
Amounts falling due within one year 9 (615,726 ) (640,596 )
NET CURRENT ASSETS 1,405,335 1,576,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,727,772

6,310,956

PROVISIONS FOR LIABILITIES (504,163 ) (391,424 )
NET ASSETS 6,223,609 5,919,532

CAPITAL AND RESERVES
Called up share capital 12 1,184 1,184
Capital redemption reserve 216 216
Retained earnings 6,222,209 5,918,132
SHAREHOLDERS' FUNDS 6,223,609 5,919,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

BALANCE SHEET - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





Mr Paul Jason Beeks - Director


I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

I.L. Beeks (High Wycombe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and rounded to the nearest £.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover comprises the value of contract work undertaken and property development sales made during the year.

Amounts recoverable on contract work are recognised in the accounts when the company obtains the right to consideration. The amounts brought in are based on the independent valuations issued to confirm payments and it is presumed that work is done evenly during the period between the valuations. Where there are no independent valuations it is assumed that work is done evenly during the period between invoice dates.

Property developments sales are recognised in the accounts when contracts are exchanged.

Full provision is made for any anticipated losses on contract work or property development as soon as a loss becomes apparent.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The valuation of the investment properties is considered every year by the directors and a formal valuation carried out when requested.

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued

Stock of land and work in progress
Work in progress on property developments is valued at the lower of cost and net realisable value until contracts are exchanged at which point the sale is brought into the accounts and the profit is recognised.

Work in progress on land and buildings owned by the company, whether included in stock or investment properties, is valued at the lower of cost and net realisable value. Once a project on an investment property is complete, the costs are transfered to fixed assets.

Land stock is valued at the lower of cost and net realisable value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are also translated into sterling at the rate of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 31 ) .

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 62,280 63,568 142,162 268,010
Additions 460 963 - 1,423
Disposals - - (19,264 ) (19,264 )
At 31 October 2024 62,740 64,531 122,898 250,169
DEPRECIATION
At 1 November 2023 58,052 52,985 136,318 247,355
Charge for year 1,460 2,820 3,674 7,954
Eliminated on disposal - - (19,264 ) (19,264 )
At 31 October 2024 59,512 55,805 120,728 236,045
NET BOOK VALUE
At 31 October 2024 3,228 8,726 2,170 14,124
At 31 October 2023 4,228 10,583 5,844 20,655

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 4,713,850
Revaluations 594,463
At 31 October 2024 5,308,313
NET BOOK VALUE
At 31 October 2024 5,308,313
At 31 October 2023 4,713,850

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

6. INVESTMENT PROPERTY - continued

Investment properties comprise the following investment properties:-

The Old Court House which was valued on an open market basis on 20 September 2022 by S Millar MRICS RICS Registered Valuer at Kemsley Property Consultants LLP at a market value of £905,000. This is the value used in the financial statements as at 31 October 2024.

The Portugal Villa was valued on an open market basis on 26 September 2024 on an informal basis by the directors at a market value of £3,747,813 after an offer was received for this sum from an unconnected third party.

The company obtained valuations for the following ground rents of longterm leasehold properties on an open market basis on 7 September 2024. All properties were valued by Andrew Cohen MRICS
RICS at Talbots Surveying Services Limited.

Birinus Close, High Wycombe, HP12 3LZ - £115,000
Victoria Court, Victoria Road, Marlow, SL7 1DR - £55,000
Orchard House, Benjamin Road, High Wycombe, HP13 6ST - £4,500
Willow Tree Gardens, Plomer Green Lane, Downley, HP13 5TN - £80,000
Mallard House, The Millstream, High Wycombe, HP11 1AD - £125,000
Teal House, The Millstream, High Wycombe, HP11 1AD - £72,500
Widgeon House, The Millstream, High Wycombe, HP11 1AD - £50,000
Baxter House, Kitchener Road, High Wycombe, HP11 2SA - £20,000
Kingfisher Court, Queen Alexandra Road, HP11 2HZ - £95,000
21 Penn Road, Hazlemere, HP15 7LN - £21,500
2 Sunnyside, Wycombe Road, Stokenchurch, HP14 3RP - £17,000

7. STOCKS
2024 2023
£    £   
Stock of land 777,170 811,746

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 237,833 217,269
Amounts recoverable on contract - 28,834
Other debtors 948,793 88,178
1,186,626 334,281

Other debtors includes the sum of £820,024 with respect to the sale of a property which exchanged during the year and completed after the year end.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,576 -
Trade creditors 356,967 251,826
Taxation and social security 46,754 53,459
Other creditors 173,429 335,311
615,726 640,596

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 40,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 38,576 -

The company's bankers have granted the company the following facilities:-

An overdraft facility of £190,000 was in place at the year end to 21 August 2025. A loan facility of £380,000 was also available at the year end to 22 February 2025.

A first legal charge is held by LloydsTSB, the company's bankers, over the following properties:

Date of security Description of security

22/06/2010 Debenture entitling fixed and floating charge over the undertaking and all property and
assets present and future, including goodwill, book debts, uncalled capital, buildings,
fixtures, fixed plant and machinery
23/02/1982 Commercial freehold property, known as The Old Court House, Hughenden Road, High
Wycombe, Buckinghamshire

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
652 A Ordinary £1 652 652
532 B Ordinary £1 532 532
1,184 1,184

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr Philip Mason
Balance outstanding at start of year - (75 )
Amounts advanced - 2,504
Amounts repaid - (2,429 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

I.L. BEEKS (HIGH WYCOMBE) LIMITED (REGISTERED NUMBER: 00855823)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr Ivor Leonard Beeks
Balance outstanding at start of year (378 ) (612 )
Amounts advanced 378 32,234
Amounts repaid - (32,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (378 )

Mr Paul Jason Beeks
Balance outstanding at start of year - -
Amounts advanced - 12,000
Amounts repaid - (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs Janet Audrey Beeks
Balance outstanding at start of year (3,819 ) (3,819 )
Amounts advanced 3,468 32,000
Amounts repaid - (32,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (351 ) (3,819 )

14. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr I L Beeks and Mrs J A Beeks.