REGISTERED NUMBER: 05567517 (England and Wales)

BEAMISH PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Hollingsworth

Mrs H S Hollingsworth

SECRETARY:

Mrs H S Hollingsworth

REGISTERED OFFICE:

45 Church Road

Albrighton

Shropshire

WV7 3LH

REGISTERED NUMBER:

05567517 (England and Wales)

ACCOUNTANTS:

Hollingsworth & Co Ltd

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

FIXED ASSETS

Tangible assets

4

640,000

640,000

CURRENT ASSETS

Debtors

5

-

6,942

Cash at bank

85

-

85

6,942

CREDITORS

Amounts falling due within one year

6

45,059

43,706

NET CURRENT LIABILITIES

(44,974

)

(36,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

595,026

603,236

CREDITORS

Amounts falling due after more than one year

7

185,940

202,813

NET ASSETS

409,086

400,423

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

290,437

290,437

Retained earnings

11

118,647

109,984

SHAREHOLDERS' FUNDS

409,086

400,423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 30th January 2025 and were signed on its behalf by:

J A Hollingsworth - Director

1.	STATUTORY INFORMATION

Beamish 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents invoiced and rates recharged excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

No depreciation has been provided on the freehold property as, in the opinion of the directors, the market value of the freehold property is in excess of cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st January 2024

and 31st December 2024

640,000

NET BOOK VALUE

At 31st December 2024

640,000

At 31st December 2023

640,000

Cost or valuation at 31st December 2024 is represented by:

Freehold

property

£

Valuation in 2014

290,437

Cost

349,563

640,000

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

349,563

349,563

Value of land in freehold land and buildings

50,000

50,000

Freehold property was valued on an open market basis on 20th May 2014 by Bruton Knowles .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

(708

)

6,942

Prepayments

708

-

-

6,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

17,422

17,291

Trade creditors

2,431

4,229

Corporation tax

22,823

19,723

VAT

2,380

2,333

Directors' current accounts

3

130

45,059

43,706

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

101,654

118,527

Directors' loan accounts

84,286

84,286

185,940

202,813

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

785

Bank loans

17,422

16,506

17,422

17,291

Amounts falling due between one and two years:

Bank loans

101,654

118,527

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

119,076

135,033

The bank loans are secured by a fixed charge over the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Revaluat-

Retained

ion

earnings

reserve

Totals

£

£

£

At 1st January 2024

109,984

290,437

400,421

Profit for the year

27,863

27,863

Dividends

(19,200

)

(19,200

)

At 31st December 2024

118,647

290,437

409,084