REGISTERED NUMBER: 02974187 (England and Wales)

BEAMRAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R Peerless

SECRETARY:

N C Patel

REGISTERED OFFICE:

69-71 East Street

Epsom

Surrey

KT17 1BP

REGISTERED NUMBER:

02974187 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

FIXED ASSETS

Intangible assets

5

-

11,146

Tangible assets

6

28,542

18,839

Investments

7

229,199

229,199

257,741

259,184

CURRENT ASSETS

Debtors

8

624,844

616,471

Cash at bank and in hand

801,742

858,280

1,426,586

1,474,751

CREDITORS

Amounts falling due within one year

9

577,402

607,035

NET CURRENT ASSETS

849,184

867,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,106,925

1,126,900

CREDITORS

Amounts falling due after more than one year

10

(34,322

)

(5,286

)

PROVISIONS FOR LIABILITIES

(4,271

)

(4,710

)

NET ASSETS

1,068,332

1,116,904

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,068,132

1,116,704

SHAREHOLDERS' FUNDS

1,068,332

1,116,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 August 2026 and were signed by:

C R Peerless - Director

1.	STATUTORY INFORMATION

Beamray 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being amounts paid in connection with the acquisition of businesses in 1998 and 2002 is being written off evenly over its expected life of ten years.

Goodwill paid in connection with the acquisition of a business in 2004 is being written off evenly over its expected life of ten years.

Goodwill paid in connection with the acquisition of a business during the year is being written off evenly over its expected life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

over lease term

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

276,150

AMORTISATION

At 1 January 2025

265,004

Amortisation for year

11,146

At 31 December 2025

276,150

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

11,146

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

£

£

COST

At 1 January 2025

62,863

13,746

22,921

Additions

-

-

564

At 31 December 2025

62,863

13,746

23,485

DEPRECIATION

At 1 January 2025

49,028

13,746

20,483

Charge for year

943

-

736

At 31 December 2025

49,971

13,746

21,219

NET BOOK VALUE

At 31 December 2025

12,892

-

2,266

At 31 December 2024

13,835

-

2,438

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

-

42,674

142,204

Additions

14,103

-

14,667

At 31 December 2025

14,103

42,674

156,871

DEPRECIATION

At 1 January 2025

-

40,108

123,365

Charge for year

2,644

641

4,964

At 31 December 2025

2,644

40,749

128,329

NET BOOK VALUE

At 31 December 2025

11,459

1,925

28,542

At 31 December 2024

-

2,566

18,839

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

229,199

NET BOOK VALUE

At 31 December 2025

229,199

At 31 December 2024

229,199

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

98,847

74,306

Other debtors

525,997

542,165

624,844

616,471

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

14,544

10,375

Trade creditors

33,298

44,062

Taxation and social security

117,510

97,521

Other creditors

412,050

455,077

577,402

607,035

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

34,322

5,286

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

125,000

100,250

Between one and five years

500,000

250,250

In more than five years

437,500

487,500

1,062,500

838,000

12.	CONTINGENT LIABILITIES

There is a charge of £8,500 under the rent deposit deed created in favour of Monteadria (UK) Limited for the ground floor and basement of 88 Wigmore Street, London W1.

There is also a charge under the deed of deposit for all monies due to Standard Life Investment Funds Limited for all interest from time to time standing to the credit of an interest bearing account.

13.	RELATED PARTY DISCLOSURES

The Company maintains an loan which is repayable on demand, for the Directors. At the year end, the Directors were owned £10,509 (2024: £51,509).

The Company maintains interest free loans, repayable on demand, made to Wigmore Estate Agents Limited, a company which shares the same Director, from the Company. At the balance sheet date, the amount outstanding totalled £73,181 (2024: £44,142).

The Company maintains interest free loans, repayable on demand, made to Wood West Management Limited, a company which shares the same Director, from the Company. At the balance sheet date, the amount outstanding totalled £2,349 (2024: £2,593).