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Registered number: 14582976
BEERVIEW LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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BEERVIEW LIMITED
REGISTERED NUMBER: 14582976
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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BEERVIEW LIMITED
REGISTERED NUMBER: 14582976
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 June 2026.
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Nicholas James Fallows
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The notes on pages 3 to 8 form part of these financial statements.
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Beerview Limited ('the Company') is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 14582976). The registered office address is 25 Hanover Square, London, England, W1S 1JF.
The Company's principal activity is to acquire, develop and hold investment property with a view to generating long-term rental and capital appreciation.
The Company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the Company’s financial position, forecast cash flows and the terms of its financing arrangements.
At the balance sheet date, the Company had net liabilities; however, it is funded by interest-free shareholder loans which, subsequent to the year end, were formally amended such that they are repayable on 26 April 2033 and are not repayable on demand. The shareholders have confirmed their intention to continue to provide financial support to the Company and not to demand repayment of the loans prior to their contractual maturity.
On this basis, the directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing these financial statements.
All rental income relates to operating leases (see note 2.4 below).
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Operating leases: the Company as lessor
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Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually by external valuers or reviewed by the directors where appropriate and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment.
Loans receivable, including amounts due from group undertakings, are initially recognised at the transaction price. Where loans are interest-free and provided as part of long-term group funding arrangements, and the effect of discounting is not considered material, they are subsequently measured at the transaction price. oans are assessed for impairment at each reporting date and reduced where recoverability is uncertain.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price.
Loans payable, including amounts due to shareholders and other related parties, are initially recognised at the transaction price. Where such loans are interest-free and form part of long-term funding provided by shareholders, they are subsequently measured at the transaction price where the effect of discounting is not considered material. The directors consider that these loans represent funding provided to support the Company’s activities over the long term.
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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Investments in subsidiary companies
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Freehold investment property
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The investment property was externally valued at the prior year-end. At the current reporting date, the directors have reviewed the prior valuation and considered current market conditions and property specific factors. On this basis, they consider that the carrying value of the investment property continues to represent a reasonable approximation of fair value. No material fair value movement has therefore been recognised during the year.
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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At year end, the Company was owed £3,010,110 (2024: £3,010,110) from its subsidiary. The loan is interest free and repayable on 14 February 2034.
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to other participating interests
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Other taxation and social security
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Accruals and deferred income
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At the year end, the Company had three (2024: three) interest-free loans outstanding from its shareholders of £5,222,420 each (2024: £5,222,420).
At the balance sheet date, the loans were repayable on demand. Subsequent to the year end, the loan agreements were formally amended such that the balances are repayable on 26 April 2033. This amendment represents a non-adjusting post-balance-sheet event.
The shareholder loans represent long-term funding provided to support the Company’s activities. In accordance with FRS 102 and having regard to the nature of the loans, the relationship between the parties and the intention of the shareholders to provide ongoing financial support, the loans are recognised at the transaction price. The directors consider that discounting the loans to present value would not provide reliable or more relevant information, and accordingly the loans are not measured using the amortised cost method.
The loans are unsecured and interest-free.
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BEERVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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The deferred tax asset is made up as follows:
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Revalution of Investment Property
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The deferred tax asset arises in respect of the revaluation of investment property. The directors consider that it is probable that the deferred tax asset will be recovered through future taxable profits and/or on the disposal of the investment property, and accordingly the deferred tax asset has been recognised in full.
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Related party transactions
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At the balance sheet date, the Company had outstanding balances with its shareholders of £15,667,261 (2024: £15,667,261) in respect of loans provided to the Company. The loans are unsecured and interest-free. At 31 December 2025 the balances were repayable on demand. Subsequent to the year end, the loan agreements were amended such that the balances are repayable on 26 April 2033.
In addition, the Company had amounts receivable from its subsidiary undertaking of £3,010,110 (2024: £3,010,110). The balance is unsecured, interest-free and repayable on 14 February 2034.
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Post balance sheet events
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Subsequent to the year end, the Company’s shareholder loan agreements were formally amended such that balances previously repayable on demand are now repayable on 26 April 2033. This event is non-adjusting and has not resulted in any adjustment to the amounts recognised in these financial statements.
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