For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Beechwood Freehold Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 743 Christchurch Road, Bournemouth, England, BH7 6AN.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover in the profit and loss account represents ground rents demanded during the year.

Investment property, which is property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

The original cost of the freehold interest was £79,312. Six flats have now participated and the value of

the company's interest has been written down to the proportion in respect of the one non-participating

flat.

The monies for the purchase of the whole freehold were provided by Mr and Mrs Lloyd Davies, of Flat 1 as a loan to the company. Shares in the company have subsequently been purchased by six flat owners, the one non-participating share being held by Mrs Lloyd Davies. The loan to the company has not been fully repaid, and will be outstanding until the one remaining share is sold. The full proceeds plus any profit (if any), will be paid to Mrs Lloyd Davies in order to repay the outstanding company loan. Certain expenses and costs have been incurred by Mr and Mrs Lloyd Davies subsequent to the purchase of the freehold. Until such time as the freehold intended for flat 6 is sold by Mr & Mrs Lloyd-Davies, the ground rent received from flat 6 will be paid to them in its entirety.