Beams Renovation Limited 31/03/2025 iXBRL

Company registration number: 14380384

Beams Renovation Limited

Unaudited filleted financial statements

31 March 2025

Beams Renovation Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Beams Renovation Limited

Directors and other information


Directors	Reece Wood	(Resigned 24 October 2024)
	Hayden Wood
	Thomas Barnaby Stadlen
	Cameron McLain	(Appointed 24 October 2024)
	Lucy Rands	(Appointed 24 October 2024)
	Patrick Sheehan	(Appointed 24 October 2024)
	Minesh Shah	(Appointed 24 October 2024)(Resigned 14 April 2025)


Secretary	Reed Smith Corporate Services Limited


Company number	14380384


Registered office	1 Blossom Yard
	Fourth Floor
	London
	EC2A 2RS


Accountants	BG Partnership
	4th Floor
	58-59 Great Marlborough Street
	London
	W1F 7JY

Beams Renovation Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	44,900		84,684
Tangible assets	6	80,684		18,729
		_______		_______
			125,584		103,413

Current assets
Debtors	7	929,326		163,686
Cash at bank and in hand		5,311,660		919,332
		_______		_______
		6,240,986		1,083,018
Creditors: amounts falling due
within one year	8	( 1,363,616)		( 331,157)
		_______		_______
Net current assets			4,877,370		751,861
			_______		_______
Total assets less current liabilities			5,002,954		855,274

			_______		_______
Net assets			5,002,954		855,274
			_______		_______

Capital and reserves
Called up share capital			70		90
Share premium account			10,431,699		3,431,579
Profit and loss account			( 5,428,815)		( 2,576,395)
			_______		_______
Shareholders funds			5,002,954		855,274
			_______		_______

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.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Hayden Wood

Director

Company registration number: 14380384

Beams Renovation Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	90	3,431,579	( 538,404)	2,893,265

Loss for the year			( 2,037,991)	( 2,037,991)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 2,037,991)	( 2,037,991)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	90	3,431,579	( 2,576,395)	855,274

Loss for the year			( 2,852,420)	( 2,852,420)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 2,852,420)	( 2,852,420)

Issue of shares	-	7,000,100		7,000,100
Cancellation of subscribed capital	( 20)		-	( 20)
Transaction costs		20		20
	_______	_______	_______	_______
Total investments by and distributions to owners	( 20)	7,000,120	-	7,000,100

	_______	_______	_______	_______
At 31 March 2025	70	10,431,699	( 5,428,815)	5,002,954
	_______	_______	_______	_______

Beams Renovation 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 & Wales. The address of the registered office is 1 Blossom Yard, Fourth Floor, London, EC2A 2RS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	Website over 3 years from date of use, Trademarks over 10 years from registration

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fittings fixtures and equipment	-	33.3% and 20% straight line basis

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 10 ).

5. Intangible assets

		Website & trademarks
		£
	Cost
	At 1 April 2024 and 31 March 2025	124,468
		_______
	Amortisation
	At 1 April 2024	39,784
	Charge for the year	39,784
		_______
	At 31 March 2025	79,568
		_______
	Carrying amount
	At 31 March 2025	44,900
		_______
	At 31 March 2024	84,684
		_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024	22,231	22,231
Additions	72,155	72,155
	_______	_______
At 31 March 2025	94,386	94,386
	_______	_______
Depreciation
At 1 April 2024	3,502	3,502
Charge for the year	10,200	10,200
	_______	_______
At 31 March 2025	13,702	13,702
	_______	_______
Carrying amount
At 31 March 2025	80,684	80,684
	_______	_______
At 31 March 2024	18,729	18,729
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	96,106	10,390
Other debtors	833,220	153,296
	_______	_______
	929,326	163,686
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	246,475	20,003
Social security and other taxes	124,064	81,017
Other creditors	993,077	230,137
	_______	_______
	1,363,616	331,157
	_______	_______