Beaufort Property Development Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04166310 (England and Wales)

BEAUFORT PROPERTY DEVELOPMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Phillips

SECRETARY:

F K Phillips

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

04166310 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

1,677

484

CURRENT ASSETS

Stocks

40,000

15,000

Debtors

5

210,115

201,072

Cash at bank

44,132

62,204

294,247

278,276

CREDITORS

Amounts falling due within one year

6

316,950

274,719

NET CURRENT (LIABILITIES)/ASSETS

(22,703

)

3,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,026

)

4,041

CREDITORS

Amounts falling due after more than one year

7

3,099

13,280

NET LIABILITIES

(24,125

)

(9,239

)

CAPITAL AND RESERVES

Called up share capital

8

105

Retained earnings

(24,230

)

(9,344

)

SHAREHOLDERS' FUNDS

(24,125

)

(9,239

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th November 2025 and were signed by:

R L Phillips - Director

1.	STATUTORY INFORMATION

Beaufort Property Development 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.

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.

Turnover

Turnover 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st March 2024

12,000

1,141

13,141

Additions

-

1,463

At 28th February 2025

12,000

2,604

14,604

DEPRECIATION

At 1st March 2024

11,939

718

12,657

Charge for year

16

254

270

At 28th February 2025

11,955

972

12,927

NET BOOK VALUE

At 28th February 2025

45

1,632

1,677

At 29th February 2024

61

423

484

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Other debtors

-

797

VAT

9,840

-

9,840

797

Amounts falling due after more than one year:

Other debtors

200,275

Aggregate amounts

210,115

201,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Other loans

8,248

-

Trade creditors

50,341

5,648

PAYE and CIS

9,875

2,064

Shareholder loan

6,000

VAT

-

3,806

Other creditors

51

-

Credit card

14,664

13,282

Directors' current accounts

214,705

231,288

Accrued expenses

3,066

2,631

316,950

274,719

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

HSBC bounce back loan

3,099

13,280

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

A Ordinary

£1

100

1

B Ordinary

£1

1

2

C Ordinary

£1

2

D Ordinary

£1

2

105

9.	GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.