REGISTERED NUMBER: 03910116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

BEILBY'S MANCHESTER LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Hadfield

Mrs C M Hadfield

REGISTERED OFFICE:

17 Moor Park Avenue

Preston

PR1 6AS

REGISTERED NUMBER:

03910116 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Tangible assets

4

39,128

59,602

Investment property

5

450,000

415,000

489,128

474,602

CURRENT ASSETS

Debtors

6

3,870

1,342

Cash at bank

126,929

129,586

130,799

130,928

CREDITORS

Amounts falling due within one year

7

(15,989

)

(16,601

)

NET CURRENT ASSETS

114,810

114,327

TOTAL ASSETS LESS CURRENT LIABILITIES

603,938

588,929

CREDITORS

Amounts falling due after more than one year

8

(16,746

)

(22,323

)

PROVISIONS FOR LIABILITIES

10

(59,712

)

(53,710

)

NET ASSETS

527,480

512,896

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Fair Value Reserve

12

263,438

235,088

Retained earnings

12

263,042

276,808

SHAREHOLDERS' FUNDS

527,480

512,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th December 2025 and were signed on its behalf by:

Mr M Hadfield - Director

1.	STATUTORY INFORMATION

Beilby's Manchester 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties were initially measured at cost, including transaction costs.

Subsequently under FRS 102, investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Fair Value Reserve in the period in which they arise.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

6,099

98,935

2,595

107,629

Disposals

(269

)

-

-

(269

)

At 31st March 2025

5,830

98,935

2,595

107,360

DEPRECIATION

At 1st April 2024

5,164

41,223

1,640

48,027

Charge for year

109

19,787

502

20,398

Eliminated on disposal

(193

)

-

-

(193

)

At 31st March 2025

5,080

61,010

2,142

68,232

NET BOOK VALUE

At 31st March 2025

750

37,925

453

39,128

At 31st March 2024

935

57,712

955

59,602

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

415,000

Revaluations

35,000

At 31st March 2025

450,000

NET BOOK VALUE

At 31st March 2025

450,000

At 31st March 2024

415,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2018

140,734

Valuation in 2019

(14,500

)

Valuation in 2020

26,000

Valuation in 2022

63,000

Valuation in 2023

30,000

Valuation in 2024

45,000

Valuation in 2025

35,000

Cost

124,766

450,000

If Investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

124,766

124,766

Investment properties were valued on an open market basis on 31st March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,870

1,342

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Payments on account

850

850

Other creditors

15,139

15,751

15,989

16,601

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

16,746

22,323

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Mortgages

21,991

27,236

The charges are as follows:

Legal Charge dated 19 November 2002 held by Capital Home Loans Limited over Freehold Property known as 38 Cannon Hill, Ashton-On-Ribble, Preston.

Legal Charge dated 18 March 2003 held by Capital Home Loans Limited over Freehold Property known as 27 Bridge Road, Ashton-On-Ribble, Preston.

Legal Charge dated 22 June 2004 held by Capital Home Loans Limited over Freehold Property known as 34 Hulton Street, Failsworth, Manchester

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

7,434

11,324

Tax Losses

(9,516

)

(12,758

)

Revaluation Gains

61,794

55,144

59,712

53,710

Deferred

tax

£

Balance at 1st April 2024

53,710

Charge to Income Statement during year

6,002

Balance at 31st March 2025

59,712

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Fair

Retained

Value

earnings

Reserve

Totals

£

£

£

At 1st April 2024

276,808

235,088

511,896

Profit for the year

24,584

24,584

Dividends

(10,000

)

(10,000

)

Revaluation in the year

(35,000

)

35,000

-

Deferred tax provision

6,650

(6,650

)

-

At 31st March 2025

263,042

263,438

526,480