Beva Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1523068

Beva Investments Limited

Filleted Financial Statements

31 December 2024

Beva Investments Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	67,469	87,208
Investments	6	16,083,960	16,059,326
		-------------	-------------
		16,151,429	16,146,534

Current assets

Debtors	7	5,815,849	5,796,594
Cash at bank and in hand		3,113,305	2,913,213
		------------	------------
		8,929,154	8,709,807

Creditors: amounts falling due within one year	8	1,385,128		936,714
		------------		------------
Net current assets			7,544,026	7,773,093
			-------------	-------------
Total assets less current liabilities			23,695,455	23,919,627

Creditors: amounts falling due after more than one year	9		4,294,985	4,794,985

Provisions

Taxation including deferred tax	129,503	191,511
	-------------	-------------
Net assets	19,270,967	18,933,131
	-------------	-------------

Capital and reserves

Called up share capital	250,002	250,002
Profit and loss account	19,020,965	18,683,129
	-------------	-------------
Shareholders funds	19,270,967	18,933,131
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Beva Investments Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

Mr W. P. Chadwick

Director

Company registration number: 1523068

Beva Investments Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Chichester Business Centre, Chichester Street, Rochdale, OL16 2AU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

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.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

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. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: The valuation of investment property, which at 31 December 2024 was £16,082,958 (31 December 2023: £16,058,325).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where the assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at fair value with changes in the fair value and impairment losses being recognised in the statement of income and retained earnings.

The company measures its investment properties at fair value in accordance with FRS 102, Section 16 – Investment Property. The fair value is determined using the investment valuation method, which estimates the present value of future cash flows generated by the property, considering market conditions at the reporting date.

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	376,120	124,267	500,387
Additions	1,187	–	1,187
	---------	---------	---------
At 31 December 2024	377,307	124,267	501,574
	---------	---------	---------
Depreciation
At 1 January 2024	355,200	57,979	413,179
Charge for the year	4,354	16,572	20,926
	---------	---------	---------
At 31 December 2024	359,554	74,551	434,105
	---------	---------	---------
Carrying amount
At 31 December 2024	17,753	49,716	67,469
	---------	---------	---------
At 31 December 2023	20,920	66,288	87,208
	---------	---------	---------

6. Investments

	Shares in group undertakings	Investment properties	Total
	£	£	£
Cost
At 1 January 2024	1,002	17,602,296	17,603,298
Additions	–	532,080	532,080
Disposals	–	( 507,446)	( 507,446)
	-------	-------------	-------------
At 31 December 2024	1,002	17,626,930	17,627,932
	-------	-------------	-------------
Impairment
At 1 January 2024 and 31 December 2024	–	1,543,972	1,543,972
	-------	-------------	-------------

Carrying amount
At 31 December 2024	1,002	16,082,958	16,083,960
	-------	-------------	-------------
At 31 December 2023	1,002	16,058,324	16,059,326
	-------	-------------	-------------

The company owns 100% of the issued share capital of Merlin Trafford Park Limited, a company incorporated in England and Wales and registered at Chichester Business Centre, Chichester Street, Rochdale OL16 2AU. At 31 December 2024 it had aggregate capital and reserves of £46,082 (2023: £44,721). Its profit for the year was £1,361 (2023: Loss for the year £2,407).

The company also owns 100% of the issued share capital of Beva Estates Limited, a company incorporated in England and Wales and registered at Chichester Business Centre, Chichester Street, Rochdale OL16 2AU. At 31 December 2024 it had aggregate capital and reserves of £2,462,673 (2023: £1,886,229). Its profit for the year was £576,444 (2023: £719,418).

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Debtors

	2024	2023
	£	£
Trade debtors	73,193	134,233
Other debtors	5,742,656	5,662,361
	------------	------------
	5,815,849	5,796,594
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	500,000	180,007
Trade creditors	178,273	236,815
Corporation tax	73,866	41,971
Social security and other taxes	167,600	15,923
Other creditors	465,389	461,998
	------------	---------
	1,385,128	936,714
	------------	---------

Bank loans and overdrafts are secured on the investment properties of the company.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,294,985	4,794,985
	------------	------------

Bank loans and overdrafts are secured on the investment properties of the company.

10. Summary audit opinion

The auditor's report dated 10 September 2025 was unqualified .

The senior statutory auditor was Andrew Wadsworth FCCA , for and on behalf of Edwards Veeder (UK) Limited .

11. Directors' advances, credits and guarantees

At the year-end the directors were owed £400,008 (2023: £400,002), the balances were repayable on demand and interest of £18,000 (2023: £18,000) was paid.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Merlin Trafford Park Limited	–	32,089	73,823	79,355
Rochdale Estates Limited	–	–	1,239	1,239
Hamervale Estates Limited	–	–	17,764	9,554
Beva Estates Limited	–	–	5,650,047	5,649,771
Beva Build Limited	(526,236)	(882,208)	( 152,771)	( 332,949)
	---------	---------	------------	------------

The company was under the control of Mr F Chadwick who is a director and major shareholder of Beva Investments (Holdings) Limited.

13. Controlling party

The whole of the share capital of the company is owned by Beva Investments (Holdings) Limited, a company registered in England and Wales.