Beeches Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01192353 (England and Wales)

Financial Statements

for the Year Ended 31 December 2020

for

Beeches Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr James Patrick Francis Wilson

Mrs Frances Wilson

REGISTERED OFFICE:

49 Station Road

Polegate

East Sussex

BN26 6EA

BUSINESS ADDRESS:

The Meadows

2D White Lane

Ballinderry Upper

Lisburn

Co. Antrim

BT28 2ND

REGISTERED NUMBER:

01192353 (England and Wales)

ACCOUNTANTS:

McCleary & Company Ltd

Chartered Accountants

Garvey Studios

14 Longstone Street

Lisburn

Co. Antrim

BT28 1TP

FIXED ASSETS

Tangible assets

4

233,600

235,200

CURRENT ASSETS

Cash at bank

11,364

4,068

CREDITORS

Amounts falling due within one year

5

(82,002

)

(85,603

)

NET CURRENT LIABILITIES

(70,638

)

(81,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

162,962

153,665

CAPITAL AND RESERVES

Called up share capital

1,080

1,080

Other reserves

4,320

4,320

Retained earnings

157,562

148,265

SHAREHOLDERS' FUNDS

162,962

153,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 applicable to companies subject to the small companies regime.

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 28 June 2021 and were signed on its behalf by:

Mr James Patrick Francis Wilson - Director

1.	STATUTORY INFORMATION

Beeches Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2020

and 31 December 2020

240,000

DEPRECIATION

At 1 January 2020

4,800

Charge for year

1,600

At 31 December 2020

6,400

NET BOOK VALUE

At 31 December 2020

233,600

At 31 December 2019

235,200

Cost or valuation at 31 December 2020 is represented by:

Land and

buildings

£

Valuation in 2017

(153,079

)

Cost

393,079

240,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Amounts owed to group undertakings

77,980

77,980

Taxation and social security

2,556

1,158

Other creditors

1,466

6,465

82,002

85,603