Beaconpath Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04455186 (England and Wales)

BEACONPATH LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mrs R Issacharoff

Mr A Issacharoff

SECRETARY:

Mrs R Issacharoff

REGISTERED OFFICE:

First Floor

94 Stamford Hill

London

N16 6XS

REGISTERED NUMBER:

04455186 (England and Wales)

ACCOUNTANTS:

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

FIXED ASSETS

Investment property

5

-

1,260,625

CURRENT ASSETS

Cash at bank

246

22,174

CREDITORS

Amounts falling due within one year

6

405,920

926,801

NET CURRENT LIABILITIES

(405,674

)

(904,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(405,674

)

355,998

CREDITORS

Amounts falling due after more than one year

7

-

656,624

NET LIABILITIES

(405,674

)

(300,626

)

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

-

630,731

Retained earnings

(405,676

)

(931,359

)

(405,674

)

(300,626

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 7 February 2019 and were signed on its behalf by:

Mr A Issacharoff - Director

1.	STATUTORY INFORMATION

Beaconpath Ltd 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.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified to include

investment properties measured at fair value through profit or loss.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amounts of assets and liabilities that are not readily

apparent from other sources. The estimates and associated assumptions are based on historical

experience and other factors that are considered to be relevant. The estimates and underlying

assumptions are reviewed on an ongoing basis.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially

recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value

are recognised in profit or loss.

Going concern

The financial statements have been prepared in accordance with the accounting principles appropriate

to a going concern notwithstanding the deficiency in net current assets at the balance sheet date. The

directors consider this to be appropriate due to their continued financial support.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

1,260,625

Additions

14,571

Disposals

(1,275,196

)

At 30 June 2018

-

NET BOOK VALUE

At 30 June 2018

-

At 30 June 2017

1,260,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

405,920

926,801

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

-

656,624

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

-

656,624

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

-

656,624