Beaver Estates (Ashford) Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00937372

Beaver Estates (Ashford) Investments Ltd

Filleted Unaudited Financial Statements

31 December 2024

Beaver Estates (Ashford) Investments Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Independent chartered accountants review report	1

Statement of financial position	3

Notes to the financial statements	5

Beaver Estates (Ashford) Investments Ltd

Independent Chartered Accountants Review Report to the Directors of Beaver Estates (Ashford) Investments Ltd

Year ended 31 December 2024

We have reviewed the financial statements of Beaver Estates (Ashford) Investments Ltd for the year ended 31 December 2024 which comprise the statement of financial position and the related notes 1 to 10. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 1 September 2025. Our review has been undertaken so that we may state to the company's directors, as a body, those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume any responsibility to anyone other than the company and the company's directors, as a body, for our work, for this report or the conclusions we have formed.

Directors responsibility for the financial statements

As explained more fully in the directors responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements, and ICAEW Technical Release TECH 09/13AAF. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 December 2024 , and of its loss for the year then ended;

- in accordance with the United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice); and

- in accordance with the Companies Act 2006.

BROOKS & CO. Chartered Accountants

9 Cheam Road Ewell Epsom Surrey KT17 1SP

29 September 2025

Beaver Estates (Ashford) Investments Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	7,500,655	7,500,874

Current assets

Debtors	6	4,562,285	5,217,906
Cash at bank and in hand		497,995	1,299,022
		------------	------------
		5,060,280	6,516,928

Creditors: amounts falling due within one year	7	6,001,992	5,708,156
		------------	------------
Net current (liabilities)/assets		( 941,712)	808,772
		------------	------------
Total assets less current liabilities		6,558,943	8,309,646

Creditors: amounts falling due after more than one year	8	469,000	497,935

Provisions

Taxation including deferred tax	638,607	638,607
	------------	------------
Net assets	5,451,336	7,173,104
	------------	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	5,451,136	7,172,904
	------------	------------
Shareholders funds	5,451,336	7,173,104
	------------	------------

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 income and retained earnings has not been delivered.

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 .

Beaver Estates (Ashford) Investments Ltd

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:

M Robinson

Director

Company registration number: 00937372

Beaver Estates (Ashford) Investments Ltd

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 West Barton, Little Silver, Cadeleigh, Tiverton, Devon, EX16 8HJ.

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.

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. 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 Freehold Land is measured at fair value using a methodology approved by the Registered Institute of Chartered Surveyors. This includes an assessment rent yields, open market value of rents receivable and site specific factors. The carrying amount of the investment property is shown in note 6 to the Financial Statements.

Revenue recognition

The turnover shown in the profit and loss account represents rents receivable during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Fixture & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

4. Number of employees

The average number of persons employed by the company was 2 (2023: 2).

5. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	6,595,856	904,147	119,313	5,500	7,624,816
	------------	---------	---------	-------	------------
Depreciation
At 1 January 2024	–	–	118,480	5,462	123,942
Charge for the year	–	–	209	10	219
	------------	---------	---------	-------	------------
At 31 December 2024	–	–	118,689	5,472	124,161
	------------	---------	---------	-------	------------
Carrying amount
At 31 December 2024	6,595,856	904,147	624	28	7,500,655
	------------	---------	---------	-------	------------
At 31 December 2023	6,595,856	904,147	833	38	7,500,874
	------------	---------	---------	-------	------------

The investment properties were revalued on a fair value basis by Mr P Morris, a director and shareholder of the company on 31st December 2024. Mr P Morris is a member of the Royal Institute of Chartered Surveyors (RICS). The historical cost of the investment properties was £4,199,830, of which £407,798 which relates to leasehold investment properties and £3,792,032 relates to freehold investment properties. The valuation is based on market yields, rent receivable and site specific factors. Deferred taxation is provided on these revaluation gains at the tax rate expected to apply when then the property is sold.

6. Debtors

	2024	2023
	£	£
Trade debtors	29,115	177,255
Other debtors	4,533,170	5,040,651
	------------	------------
	4,562,285	5,217,906
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	28,313	28,313
Trade creditors	2,948	1,058
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,084,017	4,854,482
Corporation tax	92,384	91,068
Social security and other taxes	10,670	50,125
Amounts owed to related parties	252,768	251,568
Other creditors	530,892	431,542
	------------	------------
	6,001,992	5,708,156
	------------	------------

The liabilities disclosed are secured by the parent company Regency Properties (Tadworth) Ltd.

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

	2024	2023
	£	£
Bank loans and overdrafts	469,000	497,935
	---------	---------

The liabilities disclosed are secured by the parent company Regency Properties (Tadworth) Ltd.

Included within creditors: amounts falling due after more than one year is an amount of £469,000 (2023: £497,935) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is repayable by monthly instalments over 30 years, 24 years remaining at 31 December 2024. The interest rate is 3.25% above base rate and the loan is secured on the freehold investment property.

9. Related party transactions

The balances owed from/(to) related undertakings at the year-end are shown below: Related entities:- Warbleoak, Sovereign Counties Ltd, Cadeleigh Estates Ltd, D.M. Estates Ltd and Woodgavil Estates Ltd. There are no terms or conditions attached to these balances.

			Regency Properties (Tadworth) Ltd
			£
	Rent payable		(300,000)
	Payments made
	Paid on behalf of Regency		70,464
	Movement in the year		(229,536)

The balances owed from/(to) related undertakings at the year-end are shown below:

	2024	2023
	£	£
Regency Properties (Tadworth) Ltd - parent	(5,084,017)	(4,854,482)

Warbleoak (dormant)	10,341	10,341
Sovereign Counties Ltd	(119,397)	(119,397)
Cadeleigh Estates Ltd	3,928,015	4,800,176
D M Estates Ltd	495,498	210,393
Woodgavil Estates Ltd	(133,371)	(132,171)

10. Controlling party

The company was under the control of Regency Properties (Tadworth) Ltd, the parent company throughout the current and previous year. Mr P E Morris, director, is the ultimate controlling party. The registered office address of the parent company is West Barton, Cadeleigh, Tiverton, Devon EX16 8HJ.