Beenlore Limited

(Registration number: 01597749)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	28
Investment property	5	2,014,397	1,971,904
		2,014,397	1,971,932
Current assets
Stocks	6	345,075	344,770
Debtors	7	31,620	35,073
Cash at bank and in hand		1,988	46,075
		378,683	425,918
Creditors: Amounts falling due within one year	8	(284,478)	(277,242)
Net current assets		94,205	148,676
Total assets less current liabilities		2,108,602	2,120,608
Creditors: Amounts falling due after more than one year	8	(13,333)	(26,667)
Provisions for liabilities		(78,631)	(43,480)
Net assets		2,016,638	2,050,461
Capital and reserves
Called up share capital		100	100
Revaluation reserve		149,798	149,798
Retained earnings		1,866,740	1,900,563
Shareholders' funds		2,016,638	2,050,461

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

Beenlore Limited

(Registration number: 01597749)
Balance Sheet as at 28 February 2025 (continued)

......................................... Mr R F Cole Director

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Walliscote Lodge
High Street
Whitchurch On Thames
Reading
Berkshire
RG8 7EP

These financial statements were authorised for issue by the Board on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Rental income is recognised upon due date. Rent falls due from the tenant(s) at the end of the month to which it relates.

Sale of joint venture assets are recognised on exchange of contracts, and are calculated on the Company's half share of the profit arising on the site which was developed and sold.

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	33% on cost
Office equipment	25% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	3,872	506	4,378
At 28 February 2025	3,872	506	4,378
Depreciation
At 1 March 2024	3,872	478	4,350
Charge for the year	-	28	28
At 28 February 2025	3,872	506	4,378
Carrying amount
At 28 February 2025	-	-	-
At 29 February 2024	-	28	28

5	Investment properties

	2025 £
At 1 March	1,971,904
Additions	42,493
At 28 February	2,014,397

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2025 £	2024 £
Work in progress	345,075	344,770

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

7

Debtors

Current	2025 £	2024 £
Trade debtors	-	3,278
Prepayments	1,236	1,411
Other debtors	30,384	30,384
	31,620	35,073

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	7,294	-
Trade creditors		3,869	484
Taxation and social security		678	11,699
Accruals and deferred income		3,432	9,078
Other creditors		269,205	255,981
		284,478	277,242

Beenlore Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

8	Creditors (continued)

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	13,333	26,667

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	13,333	26,667

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	7,294	-