REGISTERED NUMBER: 10901198 (England and Wales)

BECKERLY HOLDINGS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Morgan

R P Morgan

D R Morgan

REGISTERED OFFICE:

Grosvenor House

8 Park Grove

CARDIFF

County of Cardiff

CF10 3BN

REGISTERED NUMBER:

10901198 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investment property

4

22,060,000

22,060,001

CURRENT ASSETS

Debtors

5

352,548

310,456

Cash at bank

466,235

204,967

818,783

515,423

CREDITORS

Amounts falling due within one year

6

(1,733,236

)

(7,945,366

)

NET CURRENT LIABILITIES

(914,453

)

(7,429,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,145,547

14,630,058

CREDITORS

Amounts falling due after more than one year

7

(8,710,219

)

(1,940,283

)

PROVISIONS FOR LIABILITIES

9

(1,430,606

)

(1,451,228

)

NET ASSETS

11,004,722

11,238,547

CAPITAL AND RESERVES

Called up share capital

10

4

4

Fair value reserve

6,286,023

6,332,947

Retained earnings

4,718,695

4,905,596

SHAREHOLDERS' FUNDS

11,004,722

11,238,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

R M Morgan - Director

1.	STATUTORY INFORMATION

Beckerly Holdings UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

Turnover represents rents receivable and property management fees. Turnover excludes value added tax and is recognised on the accruals basis.

Investment property

Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Basic financial instruments

Basic financial instruments are recognised at amortised cost.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand.

Interest-bearing borrowings

Interest-bearing borrowings are stated at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

22,060,001

Additions

62,564

Revaluations

(62,565

)

At 31 March 2025

22,060,000

NET BOOK VALUE

At 31 March 2025

22,060,000

At 31 March 2024

22,060,001

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

22,060,000

The investment properties are stated at their estimated fair value, made by Mr R P Morgan, a director as at 31 March 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,362

183,594

Prepayments and accrued income

239,186

126,862

352,548

310,456

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

6,032,500

Trade creditors

1,275

25,443

Corporation tax

28,492

107,077

Social security and other taxes

11,286

17,221

VAT

86,824

32,162

Directors' loan accounts

1,021,050

1,321,631

Accruals and deferred income

584,309

409,332

1,733,236

7,945,366

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

6,949,882

-

Directors' loan accounts

1,760,337

1,940,283

8,710,219

1,940,283

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,949,882

6,032,500

The loan is secured by way of a first legal charge over the company's investment properties.

9.	PROVISIONS FOR LIABILITIES

Provisions for liabilities relate wholly to deferred tax.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

2

A Ordinary

£1

2

2

4

4

In the event of a sale, the holders of the Ordinary shares shall be entitled to receive from the proceeds of sale (in priority to the holders of the A ordinary shares), an amount equal to the threshold value (£3,500,000) or, if the consideration payable on the sale is less than the threshold value, the aggregate consideration shall be applied first to give to the holders of the ordinary share their pro rata share of the consideration based on all the ordinary shares in issue at the relevant time. The holders of the A ordinary shares will be entitled to receive the balance of any proceeds of the sale over and above the threshold value.