1.
General Information
The Beeches Professional And Therapeutic Services Limited
is a private company, limited by shares, incorporated in Northern Ireland, registered number
NI028742
. The registered office is 9/11 Lurgan Road, Aghalee, Craigavon, Co Armagh, BT67 0DD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2.
Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2024.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.5.
Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.8.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Other Operating Income
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Grant income | - |
|
|
| Rental income |
|
|
|
| 28,200 | 33,261 | ||
4.
Operating Profit
The operating profit is stated after charging:
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
|
|
|
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5.
Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
6.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Wages and salaries |
|
|
|
|
|||
| Social security costs |
|
|
|
|
|||
| Other pension costs |
|
|
|
|
|||
|
|
|
|
|
||||
7.
Average Number of Employees
Group
Average number of employees, including directors, during the year was: 226 (2023: 212)
Company
Average number of employees, including directors, during the year was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| Employees |
|
|
|
| Directors |
|
|
|
|
|
|
||
8.
Directors' remuneration
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9.
Interest Payable and Similar Charges
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Interest payable on other loans |
|
|
|
| Finance charges payable under finance leases and hire purchase contracts | 1,085 | 1,085 | |
| Penalties on overdue tax |
|
|
|
| Other finance charges |
|
|
|
| 12,364 | 21,017 | ||
10.
Tax on Profit
|
The tax charge on the profit for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
|
|||
| Total tax charge for the period |
|
|
|||
|
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 632,799 | 311,161 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Capital allowances |
|
|
|||
| Prior period adjustment |
|
( |
|||
| Difference in tax rates |
|
|
|||
| Total tax charge for the period | 183,737 | 98,192 | |||
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11.
Tangible Assets
Group
Company
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Investment Properties | Plant & Machinery | Motor Vehicles | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2024 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
|
|
( |
| Transfers |
( |
|
|
|
| As at 31 December 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 January 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
|
|
( |
| Transfers |
( |
|
|
|
| As at 31 December 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 31 December 2024 |
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2024 |
|
|
|
| Additions |
|
|
|
| Disposals |
|
|
( |
| Transfers |
|
|
|
| As at 31 December 2024 |
|
|
|
| Depreciation | |||
| As at 1 January 2024 |
|
|
|
| Provided during the period |
|
|
|
| Disposals |
|
|
( |
| Transfers |
|
|
|
| As at 31 December 2024 |
|
|
|
| Net Book Value | |||
| As at 31 December 2024 |
|
|
|
| As at 1 January 2024 |
|
|
|
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
Cost or valuation as at 31 December 2024 represented by:
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Investment Properties | Plant & Machinery | Motor Vehicles | |
| £ | £ | £ | £ | |
| At cost | 4,650,541 | 240,000 | 107,830 | 43,108 |
| At valuation | 1,148,732 | - | - | - |
| 5,799,273 | 240,000 | 107,830 | 43,108 | |
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| At cost | 2,337,217 | 51,027 | 7,429,723 |
| At valuation | - | - | 1,148,732 |
| 2,337,217 | 51,027 | 8,578,455 | |
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2024 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
|
( |
|
| As at 31 December 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 January 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
|
( |
|
| As at 31 December 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 31 December 2024 |
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 January 2024 |
|
|
| Additions |
|
|
| Disposals |
|
( |
| As at 31 December 2024 |
|
|
...CONTINUED
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| Depreciation | ||
| As at 1 January 2024 |
|
|
| Provided during the period |
|
|
| Disposals |
|
( |
| As at 31 December 2024 |
|
|
| Net Book Value | ||
| As at 31 December 2024 |
|
|
| As at 1 January 2024 |
|
|
Cost or valuation as at 31 December 2024 represented by:
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| At cost | 4,497,462 | 107,830 | 43,108 | 2,240,540 |
| At valuation | 1,301,811 | - | - | - |
| 5,799,273 | 107,830 | 43,108 | 2,240,540 | |
| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| At cost | 51,027 | 6,939,967 |
| At valuation | - | 1,301,811 |
| 51,027 | 8,241,778 | |
12.
Investments
Company
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at 1 January 2024 |
|
| As at 31 December 2024 |
|
| Provision | |
| As at 1 January 2024 |
|
| As at 31 December 2024 |
|
| Net Book Value | |
| As at 31 December 2024 |
|
| As at 1 January 2024 |
|
Cost or valuation at 31 December 2024 is represented by:
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
|
Shares in Group Undertakings
£
|
Unlisted investments
£
|
Totals
£
|
|
|
Valuation in 2017
|
(100)
|
(147,639)
|
(147,739)
|
|
Valuation in 2023
|
-
|
50,456
|
50,456
|
|
Cost
|
100
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
290,372
|
290,472
|
|
-
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
193,189
|
193,189
|
Subsidiaries
Details of the company's subsidiaries as at 31 December 2024 are as follows:
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
49 Station Road, Polegate, East Sussex, BN26 6EA |
|
|
- |
|
|
41 Lisburn Road, Ballynahinch, Co Down, BT24 8TT |
|
|
- |
The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:
| Capital and Reserves | Profit/(loss) | |
|---|---|---|
| £ | £ | |
| Beeches Property Limited |
|
|
| The Beeches Catering Services Ltd |
( |
|
Beeches Property Limited and The Beeches Catering Services Limited are both rental businesses and have been consolidated in the group accounts. Both companies are exempt from the requirements of the Companies Act 2006 relating to the audit of the accounts under Section 479A of the Companies Act 2006.
13.
Debtors
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Amounts owed by group undertakings | - | - | 146,096 | 116,982 | |||
| Other debtors | 392,444 | 392,409 | 392,444 | 392,409 | |||
|
|
|
|
|
||||
14.
Creditors: Amounts Falling Due Within One Year
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
| Trade creditors |
|
|
|
|
|||
| Bank loans and overdrafts |
|
|
|
|
|||
| Other creditors | 845,593 | 870,955 | 830,593 | 826,827 | |||
...CONTINUED
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
| Corporation tax |
|
|
|
|
|||
| Taxation and social security | 94,781 | 88,988 | 94,359 | 88,563 | |||
| Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
|
||||
Of the creditors the following amounts are secured.
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Bank loans and overdrafts | 875,051 | 1,188,061 | 875,051 | 1,188,061 | |||
Danske Bank hold a fixed charge over the land and premises at 41 Lisburn Road, Ballynahinch. They also hold a floating charge over all the assets of the Company.
15.
Loans
An analysis of the maturity of loans is given below:
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Amounts falling due within one year or on demand: | |||||||
| Bank loans |
|
|
|
|
|||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Amounts falling due between one and five years: | |||||||
| Bank loans | - |
|
|
|
|||
16.
Obligations Under Finance Leases and Hire Purchase
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| The future minimum finance lease payments are as follows: | |||||||
| Not later than one year |
|
|
|
|
|||
| Later than one year and not later than five years | - |
|
|
|
|||
|
|
|
|
|
||||
|
|
|
|
|
||||
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
17.
Deferred Taxation
The provision for deferred tax is made up as follows:
Group
|
Deferred Tax
£
|
|
|
Balance at 1 January 2024
|
666,549
|
|
Accelerated capital allowances
|
10,164
|
|
Other timing differences
|
(2,883)
|
|
Balance at 31 December 2024
|
673,830
|
Company
|
Deferred Tax
£
|
|
|
Balance at 1 January 2024
|
675,598
|
|
Accelerated capital allowances
|
10,465
|
|
Other timing differences
|
(2,883)
|
|
Balance at 31 December 2024
|
683,180
|
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Accelerated capital allowances |
|
|
|
|
|||
| Other timing differences | 600,901 | 603,784 | 613,515 | 616,398 | |||
|
|
|
|
|
||||
18.
Provisions for Liabilities
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 January 2024 |
|
666,549 |
| Balance at 31 December 2024 |
|
666,549 |
| Company | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 January 2024 |
|
675,598 |
| Additions |
|
7,582 |
| Balance at 31 December 2024 |
|
683,180 |
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
20.
Pension Commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £107,666 (2023: £72,184).
At the balance sheet date contributions of £16,160 (2023: £14,430) were due to the fund and are included in creditors.
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
21.
Dividends
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
22.
Reserves
Group
Company
| Revaluation Reserve | |
|---|---|
| £ | |
| As at 1 January 2024 |
|
| Transfer to profit and loss |
( |
| As at 31 December 2024 |
|
| Revaluation Reserve | |
|---|---|
| £ | |
| As at 1 January 2024 |
|
| Transfer to profit and loss |
( |
| As at 31 December 2024 |
|
23.
Related Party Disclosures
The following related party transactions existed during the year:
|
Management Charges & Rent Paid to The Beeches Professional & Therapeutic Services Ltd
£
|
Amounts owed by The Beeches Professional & Therapeutic Services Ltd
£
|
Trade Balances Due to The Beeches Professional & Therapeutic Services Ltd
£
|
Loan Balances Due to The Beeches Professional & Therapeutic Services Ltd
£
|
|
|
Transactions with Group Companies
|
Nil
|
Nil
|
Nil
|
146,096
|
|
Transactions with Other Related Parties
|
30,874
|
51,945
|
11,433
|
336,250
|
Management charges and rent charged to related parties were undertaken in the normal course of business at commercial rates.
No interest was charged on loans to other group companies or other related parties.
24.
Controlling Parties
The company's ultimate controlling party are James, Jeffrey and Jonathan Wilson by virtue of their interest in the share capital of the company.
25.
Restricted Funds
The Beeches Professional And Therapeutic Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
|
Balance 1 January 2024
|
Income
|
Expenditure
|
Transfers between funds
|
Balance 31 December 2024
|
|
|
Restricted funds
|
|||||
|
Supporting people
|
-
|
93,908
|
(93,908)
|
-
|
-
|
|
-
|
93,908
|
(93,908)
|
-
|
-
|
Supporting People Restricted funding is included in Turnover as detailed in the trading, Profit and Loss account.