| Beech Homes Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes for work done. Turnover from property sales represents the value of properties sold during the year and is recognised as at the date of completion of each sale. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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Financial Instruments |
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The company has elected to apply the provisions of section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
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At 1 January 2025 |
100 |
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At 31 December 2025 |
100 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Other debtors |
1,040,113 |
|
750,180 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Taxation and social security costs |
- |
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6,035 |
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| 6 |
Related party transactions |
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In 2024 loan interest was charged at 5% per annum on a loan to a related party, no interest was due in 2025. The balance outstanding at the balance sheet date and included in debtors was £1,040,113 (2024 £750,180). The loan is owed by a related party related through common ownership and directorship and is repayable on demand.
The company has taken advantage of exemptions of FRS102 section 33.1A from disclosing transactions with fellow group companies. |
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| 7 |
Controlling party |
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The company was under the control of B Leach during the current and previous accounting period. |
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| 8 |
Other information |
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Beech Homes Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 3 Deanland Business Park |
|
Deanland Road |
|
Hailsham |
|
East Sussex |
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BN27 3RP |