Beechfield Limited Company accounts

COMPANY REGISTRATION NUMBER: 05332347

Beechfield Limited

Unaudited Financial Statements

31 March 2025

Beechfield Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

Beechfield Limited

Director's Report

Year ended 31 March 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Principal activities

The principal activities of the company during the year were joinery, and also property investment. Business review The trading business was again dominated by exterior work during the Summer. But trading was at a reduced level throughout the year. Meanwhile, the company continued to oversee its investment property. The day-to-day management of the property is carried out by a letting agent. The Director and His Interests in the Shares of the Company The director who served the company during the year together with his beneficial interests in the shares of the company was as follows: Ordinary Shares of £1 each at

	2025	2024
	£	£
Mr J.D. Lyth	1,000	1,000

Director

The director who served the company during the year was as follows:

Mr J.D. Lyth

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 10 November 2025 and signed on behalf of the board by:

Mr J.D. Lyth
Director

Registered office:

56a Regent Street

Lancaster

United Kingdom

LA1 1SQ

Beechfield Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	13,167	18,375

Cost of sales	2,807	3,265
	--------	--------
Gross profit	10,360	15,110

Administrative expenses	15,036	16,116
Other operating income	5,378	4,800
	--------	--------
Operating profit	702	3,794

Interest payable and similar expenses		1,479	1,543
		--------	--------
(Loss)/profit before taxation	5	( 777)	2,251

Tax on (loss)/profit	–	–
	----	-------
(Loss)/profit for the financial year and total comprehensive income	( 777)	2,251
	----	-------

Retained losses at the start of the year	( 28,915)	( 31,166)
	--------	--------
Retained losses at the end of the year	( 29,692)	( 28,915)
	--------	--------

All the activities of the company are from continuing operations.

Beechfield Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		50,237	50,404

Current assets

Stocks		128	589
Debtors	7	419	1,173
		----	-------
		547	1,762

Creditors: amounts falling due within one year	8	6,993		6,743
		-------		-------
Net current liabilities			6,446	4,981
			--------	--------
Total assets less current liabilities			43,791	45,423

Creditors: amounts falling due after more than one year	9	72,483	73,338
		--------	--------
Net liabilities		( 28,692)	( 27,915)
		--------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 29,692)	( 28,915)
	--------	--------
Shareholder deficit	( 28,692)	( 27,915)
	--------	--------

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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Beechfield Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 November 2025 , and are signed on behalf of the board by:

Mr J.D. Lyth
Director

Company registration number: 05332347

Beechfield Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 56a Regent Street, Lancaster, LA1 1SQ, United Kingdom.

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.

Going concern

The director has considered the basis of the preparation of the accounts and is satisfied that the accounts should be prepared on a going concern basis. The director has confirmed that he will continue to provide financial support for the foreseeable future.

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.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, with adjustments made in respect of long-term contracts and contracts for on-going services. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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.

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	-	25% straight line
Computer Equipment	-	25% straight line

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. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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.

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with stated interest rate and receivable of 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	167	167
	----	----

6. Tangible assets

	Investment property	Plant and machinery	Computer Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024 and 31 March 2025	50,000	1,238	349	51,587
	--------	-------	----	--------
Depreciation
At 1 April 2024	–	1,096	87	1,183
Charge for the year	–	80	87	167
	--------	-------	----	--------
At 31 March 2025	–	1,176	174	1,350
	--------	-------	----	--------
Carrying amount
At 31 March 2025	50,000	62	175	50,237
	--------	-------	----	--------
At 31 March 2024	50,000	142	262	50,404
	--------	-------	----	--------

No revaluation was carried out during the year. A revaluation was carried out by Farrell Heyworth Estate Agents, Barrow-in-Furness, who valued the property at £50,000, as at 31st March 2016 (this was unchanged from the previous valuation five years before this). The historic cost of investments was £45,602 (2024: £45,602).

7. Debtors

	2025	2024
	£	£
Other debtors	419	1,173
	----	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,386	5,134
Trade creditors	12	89
Other creditors	1,595	1,520
	-------	-------
	6,993	6,743
	-------	-------

Lloyds Bank Plc have a mortgage deed for securing all monies due or to become due from the company by way of fixed and floating charges over the company's assets.

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

	2025	2024
	£	£
Bank loans and overdrafts	9,283	10,838
Other creditors	63,200	62,500
	--------	--------
	72,483	73,338
	--------	--------

Lloyds Bank Plc have a mortgage deed for securing all monies due or to become due from the company by way of fixed and floating charges over the company's assets.

10. Related party transactions

During the year Mr J.D. Lyth made loans amounting to £4,700 to the company (2024: £4,750) and received payments of £4,000 (2024: £5,350). At the 31 March 2025 the company owed Mr J.D. Lyth a sum of £63,200 (2024: £62,500). The maximum amount owed to Mr J.D. Lyth during the year was £63,200 (2024: £62,700). No interest is chargeable upon this amount. Mr J.D. Lyth shall keep these funds in the company until they are no longer required.