REGISTERED NUMBER: 04145306 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Beckworth Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Wadsworth

SECRETARY:

Mrs J E Wadsworth

REGISTERED OFFICE:

30 Southernhay East

EXETER

Devon

EX1 1NS

REGISTERED NUMBER:

04145306 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

23,423

28,069

Investments

5

70,306

66,531

Investment property

6

96,115

96,115

189,844

190,715

CURRENT ASSETS

Debtors: amounts falling due within one year

7

12,071

10,038

Debtors: amounts falling due after more than one year

7

1,733,466

1,833,466

Cash at bank and in hand

34,894

26,549

1,780,431

1,870,053

CREDITORS

Amounts falling due within one year

8

108,061

210,536

NET CURRENT ASSETS

1,672,370

1,659,517

TOTAL ASSETS LESS CURRENT LIABILITIES

1,862,214

1,850,232

CREDITORS

Amounts falling due after more than one year

9

(93,326

)

(97,301

)

PROVISIONS FOR LIABILITIES

(1,761

)

(2,902

)

NET ASSETS

1,767,127

1,750,029

CAPITAL AND RESERVES

Called up share capital

109

109

Retained earnings

1,767,018

1,749,920

SHAREHOLDERS' FUNDS

1,767,127

1,750,029

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

J M Wadsworth - Director

1.	STATUTORY INFORMATION

Beckworth Financial Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act. The financial statements have been prepared under the historical cost convention as modified by certain assets held at fair value as set out below.

Preparation of consolidated financial statements

The financial statements contain information about Beckworth Financial Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net fees and commission, and is recognised when services are provided.

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

-

15% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is initially recognised at cost and subsequently measured at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. In accordance with FRS 102 investment property is not depreciated.

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.

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.

The company also makes pension contributions on behalf of the company director to a personal pension plan. Actual contributions paid in the year are charged to the profit and loss account.

Fixed asset investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments

i) Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price and subsequently measured at amortised cost.

Critical accounting judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below:

i) Valuation of investment properties

The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The company purchased both properties in the past two years and the directors consider the cost to be a reasonable estimate of the current fair value. The key assumptions used to determine the fair value of investment property are further explained in note 7.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Field

Plant and

Home

Computer

fencing

machinery

Office

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

4,487

27,778

16,000

91,101

139,366

DEPRECIATION

At 1 April 2024

3,265

22,269

-

85,763

111,297

Charge for year

216

947

-

3,483

4,646

At 31 March 2025

3,481

23,216

-

89,246

115,943

NET BOOK VALUE

At 31 March 2025

1,006

4,562

16,000

1,855

23,423

At 31 March 2024

1,222

5,509

16,000

5,338

28,069

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

100

66,431

66,531

Additions

-

26,752

26,752

Disposals

-

(21,170

)

(21,170

)

Revaluations

-

(1,807

)

(1,807

)

At 31 March 2025

100

70,206

70,306

NET BOOK VALUE

At 31 March 2025

100

70,206

70,306

At 31 March 2024

100

66,431

66,531

Fixed assets are held at fair value as set out in the accounting policies in Note 2. Revaluations are included in the profit and loss account in the year of revaluation.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

96,115

NET BOOK VALUE

At 31 March 2025

96,115

At 31 March 2024

96,115

Investment properties are initially recognised at cost and subsequently measured at fair value. The properties were purchased in recent years and therefore cost is deemed to be an appropriate fair value.

No change in value has been credited or debited to the income statement.

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

12,071

10,038

Amounts falling due after more than one year:

Amounts owed by group undertakings

876,699

876,699

Other debtors

856,767

956,767

1,733,466

1,833,466

Aggregate amounts

1,745,537

1,843,504

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,072

19,072

Taxation and social security

82,313

187,280

Other creditors

6,676

4,184

108,061

210,536

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

93,326

97,301

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years payable by instalments

12,441

16,416

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

112,398

116,373

The above bank loans are secured by way of a legal mortgage over the land and buildings owned by other group companies and a fixed charge over any other interest in the investment property and all rents receivable.

11.	RELATED PARTY DISCLOSURES

Companies under common control

The company has provided loans totalling £856,767 (2024: £956,767) to companies under common control. The loans are interest free and repayable on demand, but not expected to be repaid in the next 12 months.