ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

BEECHLANE INVESTMENTS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false2021-01-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11612172 2021-01-01 2021-12-31 11612172 2020-01-01 2020-12-31 11612172 2021-12-31 11612172 2020-12-31 11612172 c:Director1 2021-01-01 2021-12-31 11612172 d:CurrentFinancialInstruments 2021-12-31 11612172 d:CurrentFinancialInstruments 2020-12-31 11612172 d:Non-currentFinancialInstruments 2021-12-31 11612172 d:Non-currentFinancialInstruments 2020-12-31 11612172 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11612172 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11612172 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11612172 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11612172 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11612172 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 11612172 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11612172 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 11612172 d:ShareCapital 2021-12-31 11612172 d:ShareCapital 2020-12-31 11612172 d:RetainedEarningsAccumulatedLosses 2021-12-31 11612172 d:RetainedEarningsAccumulatedLosses 2020-12-31 11612172 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 11612172 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-12-31 11612172 c:FRS102 2021-01-01 2021-12-31 11612172 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11612172 c:FullAccounts 2021-01-01 2021-12-31 11612172 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11612172 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 11612172

BEECHLANE INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

BEECHLANE INVESTMENTS LIMITED

REGISTERED NUMBER: 11612172

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	5	141,117		194,959
Cash at bank and in hand	6	1,793		3,053
		142,910		198,012
Creditors: amounts falling due within one year	7	(168,434)		(213,703)
Net current liabilities			(25,524)		(15,691)
Total assets less current liabilities			(25,424)		(15,591)
Creditors: amounts falling due after more than one year	8		(36,180)		(44,167)

Net liabilities			(61,604)		(59,758)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(61,704)	(59,858)
	(61,604)	(59,758)

The director considers 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 director acknowledges his 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 4 August 2022.

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BEECHLANE INVESTMENTS LIMITED

REGISTERED NUMBER: 11612172

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

Alec Peter Colbeck

Director

The notes on pages 3 to 6 form part of these financial statements.

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BEECHLANE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Beechlane Investments Limited (company number 11612172) is a private company limited by shares incorporated and registered in England. Its registered office is Bushbury House, 435 Wilmslow Road, Withington, Manchester M20 4AF

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

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.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

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.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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BEECHLANE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2021	100
	At 31 December 2021	100

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	99,498	78,169
Other debtors	41,619	116,790
	141,117	194,959

Included within other debtors due within one year is a loan to Alec Peter Colbeck director, amounting to £NIL (2020 - £10790). Amounts repaid during the year totaled £10,790. The main conditions were as follows:

the loan is interest free and repayable on demand.

6.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	1,793	3,053
	1,793	3,053

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BEECHLANE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Bank loans	10,000	5,833
Trade creditors	8,912	-
Other creditors	143,896	200,000
Accruals and deferred income	5,626	7,870
	168,434	213,703

8.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Bank loans	36,180	44,167
	36,180	44,167

The following liabilities were secured:

Details of security provided:

Included in bank loans is an unsecured bounce back loan. The loan is interest free for the first 12 months and is fully backed by the UK government under the BBLS rules.

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BEECHLANE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Amounts falling due within one year
Bank loans	10,000	5,833
	10,000	5,833
Amounts falling due 1-2 years
Bank loans	10,000	10,000
	10,000	10,000
Amounts falling due 2-5 years
Bank loans	26,180	34,167
	26,180	34,167

	46,180	50,000

10.	Financial instruments
		2021	2020
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	1,793	3,053

Financial assets measured at fair value through profit or loss comprise of cash at bank.

11.	Related party transactions
	Amount of £36,500 (2020: £78,000) is owed by Midia Investors Limited a company registered in England of which Alec Peter Colbeck was a director and shareholder of. An amount of £101,481 (2020: (£22,000)) is owed to MGL Midia Group Limited a company registered in Cyprus of which Alec Peter Colbeck is a connected party to.

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