REGISTERED NUMBER: 11637343 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Barrie Beard Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W M Beard

R W Beard

L B Beard

REGISTERED OFFICE:

Worcester Road

Upton Warren

Bromsgrove

Worcestershire

B61 7ET

REGISTERED NUMBER:

11637343 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

FIXED ASSETS

Tangible assets

4

1,705,299

1,708,173

CURRENT ASSETS

Debtors

23,948

24,979

Cash at bank

305,227

218,770

329,175

243,749

CREDITORS

Amounts falling due within one year

1,740,225

1,726,898

NET CURRENT LIABILITIES

(1,411,050

)

(1,483,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294,249

225,024

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

294,248

225,023

294,249

225,024

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2025 and were signed on its behalf by:

R W Beard - Director

1.	STATUTORY INFORMATION

Barrie Beard Properties 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.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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. The financial statements have been prepared under the historical cost convention.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TANGIBLE FIXED ASSETS - FREEHOLD LAND AND BUILDINGS

Freehold land and buildings have not been depreciated in the accounts.

The directors are of the opinion that the residual value of freehold property is not likely to be materially different to its cost. Therefore, any element of depreciation is considered to be immaterial and no provision has been made.

Freehold land and buildings are rented to other group companies.

FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables 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, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts 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 payables are recognised initially at transaction.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

OPERATING LEASE INCOME

Operating lease income is recognised on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

1,708,414

DEPRECIATION

At 1st January 2024

241

Charge for year

2,874

At 31st December 2024

3,115

NET BOOK VALUE

At 31st December 2024

1,705,299

At 31st December 2023

1,708,173

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Robert Iesytn Richards FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Limited

6.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Barrie Beard Holdings Limited.

The registered office address is: Worcester Road, Upton Warren, Bromsgrove, B61 7ET.

7.	OPERATING INCOME COMMITMENT

The company rents out its freehold land and buildings to another group company. Total future rent due to the company under this agreement was £430,786 (2023 - £528,786) receivable over the next 5 (2023 - 6) years.