BEACONSTEAD LIMITED Company accounts

COMPANY REGISTRATION NUMBER: 14712317

BEACONSTEAD LIMITED

Unaudited Financial Statements

31 December 2024

BEACONSTEAD LIMITED

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

BEACONSTEAD LIMITED

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr J Antwi-Kusi
Mrs A E Antwi-Kusi

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 September 2025 and signed on behalf of the board by:

Mr J Antwi-Kusi

Director

Registered office:

First Floor, 736, High Road

London

N12 9QD

BEACONSTEAD LIMITED

Statement of Income and Retained Earnings

Year ended 31 December 2024

		Period from
	Year to	7 Mar 23 to
	31 Dec 24	31 Dec 23
Note	£	£
Turnover	6,239,527	1,392,913

Cost of sales	2,169,250	498,287
	------------	------------
Gross profit	4,070,277	894,626

Distribution costs	236,410	11,375
Administrative expenses	3,572,018	809,546
	------------	---------
Operating profit	261,849	73,705

Interest payable and similar expenses		85,179	23,163
		------------	---------
Profit before taxation	5	176,670	50,542

Tax on profit	–	–
	---------	--------
Profit for the financial year and total comprehensive income	176,670	50,542
	---------	--------

Dividends paid and payable	( 43,188)	–

Retained earnings at the start of the year	50,542	–
	---------	--------
Retained earnings at the end of the year	184,024	50,542
	---------	--------

All the activities of the company are from continuing operations.

BEACONSTEAD LIMITED

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	6	1,160,778	1,147,880
Tangible assets	7	727,352	286,746
		------------	------------
		1,888,130	1,434,626

Current assets

Stocks		41,485	30,235
Debtors	8	159,029	19,276
Cash at bank and in hand		383,118	580,019
		---------	---------
		583,632	629,530

Creditors: amounts falling due within one year	9	866,579	783,614
		---------	---------
Net current liabilities		282,947	154,084
		------------	------------
Total assets less current liabilities		1,605,183	1,280,542

Creditors: amounts falling due after more than one year	10	1,421,059	1,229,900
		------------	------------
Net assets		184,124	50,642
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	184,024	50,542
	---------	--------
Shareholders funds	184,124	50,642
	---------	--------

These financial statements have been prepared 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'.

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

Directors' responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

BEACONSTEAD LIMITED

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr J Antwi-Kusi	Mrs A E Antwi-Kusi
Director	Director

Company registration number: 14712317

BEACONSTEAD 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 and Wales. The address of the registered office is First Floor, 736, High Road, London, N12 9QD.

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.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	Over 20 years
Franchisee Fee	-	Over 20 years
Franchise Rights	-	Over 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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	-	Over 7 years
Equipment	-	Over 4 years

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 242 (2023: 132 ).

5. Profit before taxation

Profit before taxation is stated after charging:

		Period from
	Year to	7 Mar 23 to
	31 Dec 24	31 Dec 23
	£	£
Amortisation of intangible assets	58,989	15,481
Depreciation of tangible assets	62,106	11,350
	--------	--------

6. Intangible assets

	Goodwill	Franchisee Fee	Franchise Rights	Investments	Total
	£	£	£	£	£
Cost
At 1 January 2024	30,207	30,000	1,101,904	1,250	1,163,361
Additions	3,362	30,000	37,275	1,250	71,887
	--------	--------	------------	-------	------------
At 31 December 2024	33,569	60,000	1,139,179	2,500	1,235,248
	--------	--------	------------	-------	------------
Amortisation
At 1 January 2024	802	–	14,679	–	15,481
Charge for the year	3,427	–	55,562	–	58,989
	--------	--------	------------	-------	------------
At 31 December 2024	4,229	–	70,241	–	74,470
	--------	--------	------------	-------	------------
Carrying amount
At 31 December 2024	29,340	60,000	1,068,938	2,500	1,160,778
	--------	--------	------------	-------	------------
At 31 December 2023	29,405	30,000	1,087,225	1,250	1,147,880
	--------	--------	------------	-------	------------

7. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	298,096	–	–	298,096
Additions	496,643	3,770	2,299	502,712
	---------	-------	-------	---------
At 31 December 2024	794,739	3,770	2,299	800,808
	---------	-------	-------	---------
Depreciation
At 1 January 2024	11,350	–	–	11,350
Charge for the year	61,938	–	168	62,106
	---------	-------	-------	---------
At 31 December 2024	73,288	–	168	73,456
	---------	-------	-------	---------
Carrying amount
At 31 December 2024	721,451	3,770	2,131	727,352
	---------	-------	-------	---------
At 31 December 2023	286,746	–	–	286,746
	---------	-------	-------	---------

8. Debtors

	2024	2023
	£	£
Other debtors	159,029	19,276
	---------	--------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	192,145	171,512
Trade creditors	199,615	282,935
Social security and other taxes	282,213	194,223
Other creditors	192,606	134,944
	---------	---------
	866,579	783,614
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	1,191,159	1,000,000
Other creditors	229,900	229,900
	------------	------------
	1,421,059	1,229,900
	------------	------------

11. Directors' advances, credits and guarantees

No movement during the year, balance shown in note "Creditors: amounts falling due after more than one year" as Other Creditors.

12. Controlling party

The company was under the control of its Directors throughout the year.