Beacon Hill Homes Ltd - Accounts to registrar (filleted) - small 18.2
Beacon Hill Homes Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2021 |
for |
Beacon Hill Homes Ltd |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Contents of the Financial Statements |
for the Year Ended 28 February 2021 |
Page |
Company Information | 1 |
Chartered Certified Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Beacon Hill Homes Ltd |
Company Information |
for the Year Ended 28 February 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Electra House |
1A Gilberd Road |
Colchester |
Essex |
CO2 7LR |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Beacon Hill Homes Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beacon Hill Homes Ltd for the year ended 28 February 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Beacon Hill Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beacon Hill Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Beacon Hill Homes Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Beacon Hill Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beacon Hill Homes Ltd. You consider that Beacon Hill Homes Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Beacon Hill Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Electra House |
1A Gilberd Road |
Colchester |
Essex |
CO2 7LR |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Balance Sheet |
28 February 2021 |
28.2.21 | 29.2.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
SHAREHOLDERS' FUNDS |
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. |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Balance Sheet - continued |
28 February 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Notes to the Financial Statements |
for the Year Ended 28 February 2021 |
1. | STATUTORY INFORMATION |
Beacon Hill Homes Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Furniture and fixtures | - |
Office equipment | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2021 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2020 |
and 28 February 2021 |
DEPRECIATION |
At 1 March 2020 |
Charge for year |
At 28 February 2021 |
NET BOOK VALUE |
At 28 February 2021 |
At 29 February 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.21 | 29.2.20 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.21 | 29.2.20 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.21 | 29.2.20 |
£ | £ |
Other creditors |
Beacon Hill Homes Ltd (Registered number: 11217028) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2021 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.21 | 29.2.20 |
value: | £ | £ |
Ordinary A | £1 | 4 | 4 |
Ordinary B | £1 | 1 | 1 |
Ordinary C | £1 | 5 | 5 |
10 | 10 |
The Ordinary A Shares will have full rights in the company with regard to voting, dividend and capital distribution. A dividend may be paid in respect of this class of share to the exclusion of any other class of share currently in issue. Where a dividend is declared in respect of all classes of share the company may, by ordinary resolution, differentiate between this and any or all other classes as to the amount or percentage of dividend payable but by default the shares in this class shall be deemed to rank pari passu with any other share class currently in issue, unless the rights attached to such other class specify otherwise. |
The Ordinary B Shares and the Ordinary C Shares will have no rights in the company with regard to voting and capital distribution. A dividend may be paid in respect of each of these classes of share to the exclusion of any other class of share currently in issue. Where a dividend is declared in respect of all classes of share the company may, by ordinary resolution, differentiate between these and any or all other classes as to the amount or percentage of dividend payable but by default the shares in these classes shall be deemed to rank pari passu with any other share class currently in issue, unless the rights attached to such other class specify otherwise. |
9. | RELATED PARTY DISCLOSURES |
During the period, the company was provided with a loan by one of the directors. The loan is repayable upon the director giving notice of one year plus one day. The balance of the loan at the end of the year was £2,651,054 (2020: £790,235. Interest is payable at the rate of 2% per annum. The amount of interest charged in the period was £20,611 ( 2020: £12,741). |
In addition, the company was also provided with an interest-free loan, repayable on demand, by one of the directors. The balance outstanding at the end of the year was £166,931) (2020: 163,181). |