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Registered number: 06258545
Beagrie Co Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Richard Edwards Consultancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06258545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 523,030 526,256
Investments 5 80 80
523,110 526,336
CURRENT ASSETS
Stocks 360,073 1,033,647
Debtors 6 1,229,096 852,534
Cash at bank and in hand 11,247 206,241
1,600,416 2,092,422
Creditors: Amounts Falling Due Within One Year 7 (1,068,758 ) (1,670,939 )
NET CURRENT ASSETS (LIABILITIES) 531,658 421,483
TOTAL ASSETS LESS CURRENT LIABILITIES 1,054,768 947,819
Creditors: Amounts Falling Due After More Than One Year 8 (205,483 ) (296,935 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,488 ) (30,355 )
NET ASSETS 817,797 620,529
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 817,697 620,429
SHAREHOLDERS' FUNDS 817,797 620,529
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R T Beagrie
Director
15/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Beagrie Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06258545 . The registered office is 5 Castle Lane, Castle Hedingham, Halstead, Essex, CO9 3DL.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The Company accounts for the sale of private residential properties on the date the sales agreements legally complete.The Company recognises profit on each unit sold by reference to the overall site margin, which is the forecast profit percentage for a site that may be completed over a number of years. This includes estimates of future selling prices and build costs.
Contract revenue and expenses are recognised by reference to the stage of completion of contract activity where the outcome of the construction contract can be estimated reliably, otherwise revenue is recognised only to the extent of recoverable contract costs. 
2.3. 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 No depreciation
Plant & Machinery at varying rates on cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
2.4. 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 the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stock of land and part completed properties is valued at costs incurred to date less provisions for foreseeable losses. Where individual plots of an overall development have been finished and sold, costs have been attributed to these plots based on the proportion of the expected overall development costs to completion.
2.6. 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 company'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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme for its directors and a workplace pension scheme for its employees. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes.
2.8. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 
2.9. Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 9)
6 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 361,725 212,720 212,338 11,656 798,439
Additions - - 47,304 - 47,304
As at 31 December 2024 361,725 212,720 259,642 11,656 845,743
Depreciation
As at 1 January 2024 - 129,792 132,845 9,546 272,183
Provided during the period - 17,149 32,684 697 50,530
As at 31 December 2024 - 146,941 165,529 10,243 322,713
Net Book Value
As at 31 December 2024 361,725 65,779 94,113 1,413 523,030
As at 1 January 2024 361,725 82,928 79,493 2,110 526,256
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 80
As at 31 December 2024 80
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 80
As at 1 January 2024 80
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Page 5
Details of the investments in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary undertakings
Beagrie Properties Limited, incorporated in England and Wales, Ordinary £1 Shares, 80 Ordinary Shares Held.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,675 32,668
Amounts owed by group undertakings 1,188,778 810,475
Other debtors 15,643 9,391
1,229,096 852,534
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 69,636 33,028
Trade creditors 131,193 118,646
Bank loans and overdrafts 366,794 963,668
Other creditors 309,285 373,114
Taxation and social security 191,850 182,483
1,068,758 1,670,939
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,174 83,917
Bank loans 192,309 213,018
205,483 296,935
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 99,049 118,452
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 82,810 116,945
Bank loans and overdrafts 549,415 1,170,537
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 69,636 33,028
Later than one year and not later than five years 13,174 83,917
82,810 116,945
82,810 116,945
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Other creditors include loans from R&D Beagrie Developments, a partnership of Mr R & Mrs D Beagrie, of £129,941 plus loans from Site Sealants Limited, a company controlled by Mr R Beagrie and Mrs D Beagrie of £108,510.
Loan are provided unsecured and interest free, repayable on demand.
13. Ultimate Controlling Party
The company's ultimate controlling party is R T Beagrie .
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