REGISTERED NUMBER: 09459850 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Beetham Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C M Frost

A J Gresty

H S Frost

SECRETARY:

A J Gresty

REGISTERED OFFICE:

West Tower

Brook Street

Liverpool

Merseyside

L3 9PJ

REGISTERED NUMBER:

09459850 (England and Wales)

ACCOUNTANTS:

Cobham Murphy PHD Limited

116 Duke Street

Liverpool

L1 5JW

FIXED ASSETS

Tangible assets

4

5,121

5,159

Investments

5

-

618,463

Investment property

6

1,334,758

1,667,468

1,339,879

2,291,090

CURRENT ASSETS

Stocks

159,356

159,356

Debtors

7

172,276

1,742,179

Cash at bank

27,742

17,675

359,374

1,919,210

CREDITORS

Amounts falling due within one year

8

2,682,395

3,097,240

NET CURRENT LIABILITIES

(2,323,021

)

(1,178,030

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(983,142

)

1,113,060

PROVISIONS FOR LIABILITIES

95,702

117,999

NET (LIABILITIES)/ASSETS

(1,078,844

)

995,061

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

-

618,213

Retained earnings

(1,079,044

)

376,648

SHAREHOLDERS' FUNDS

(1,078,844

)

995,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2025 and were signed on its behalf by:

Mrs C M Frost - Director

1.	STATUTORY INFORMATION

Beetham Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09459850 and the registered office is West Tower, Brook Street, Liverpool L3 9PJ.

The presentation and functional 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.

The directors consider that the going concern assumption is appropriate despite the net current liability position as they believe they will be able to meet company obligations as they become due.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover represents the rental income from investment properties and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held for rental and capital appreciation. Investment properties are initially measured at cost and subsequently measured at fair value at the end of every reporting period.

Any changes in fair value are recognised in the profit and loss account in the period in which they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

6,449

Additions

1,841

At 30 September 2024

8,290

DEPRECIATION

At 1 October 2023

1,290

Charge for year

1,879

At 30 September 2024

3,169

NET BOOK VALUE

At 30 September 2024

5,121

At 30 September 2023

5,159

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2023

618,463

Disposals

(100

)

Impairments

(618,363

)

At 30 September 2024

-

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

618,463

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2023

1,667,468

Additions

167,290

Disposals

(500,000

)

At 30 September 2024

1,334,758

NET BOOK VALUE

At 30 September 2024

1,334,758

At 30 September 2023

1,667,468

Investment properties are recorded at open market value. The directors have reviewed these values and made adjustments where necessary. Deferred tax has been provided on these adjustments. The directors now consider these values be appropriate.

Cost or valuation at 30 September 2024 is represented by:

£

Valuation in 2016

388,357

Valuation in 2017

122,812

Valuation in 2018

(55,708

)

Valuation in 2019

(171,397

)

Valuation in 2020

(43,000

)

Valuation in 2021

244,588

Valuation in 2022

(299,620

)

Valuation in 2023

208,797

Valuation in 2024

(12,021

)

Cost

951,950

1,334,758

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Amounts owed by participating interests

123,646

1,690,290

Other debtors

48,630

51,889

172,276

1,742,179

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

439,923

589,677

Trade creditors

-

(4

)

Amounts owed to participating interests

-

273,766

Taxation and social security

-

9,329

Other creditors

2,242,472

2,224,472

2,682,395

3,097,240

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

439,923

589,677

The security on the loan comprises:

Mortgage Debenture from Panoramic 34 Holdings Limited

First Legal Mortgage over leasehold property at Panoramic Restaurant, West Tower, Liverpool

Guarantee from Mrs C Frost supported by First Legal Mortgage over leasehold property at Flat 38.01, West Tower, Liverpool.

10.	RELATED PARTY DISCLOSURES