Beacons Place Limited Filleted accounts for Companies House (small and micro)

Beacons Place Limited Filleted accounts for Companies House (small and micro)

BEACONS PLACE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC309904
Beacons Place Limited
Filleted Financial Statements
30 June 2022
Beacons Place Limited
Financial Statements
Year ended 30 June 2022
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Beacons Place Limited
Officers and Professional Advisers
The board of directors
H Wilson
P Kearney
D Mitchell
Company secretary
H Wilson
Registered office
2nd Floor North Saltire Court
20 Castle Terrace
Edinburgh
Scotland
EH1 2EN
Auditor
Maneely Mc Cann Chartered Accountants
Chartered Accountants & Statutory Auditors
Aisling House
50 Stranmillis Embankment
Belfast
BT9 5FL
Bankers
Danske Bank Ltd
353 Lisburn Road
Belfast
BT9 7EP
Starwood Property Mortgage Sub-22-A L.L.C.
1601 Washington Avenue
Suite 800
Miami Beach
FL33139
United States of America
Solicitors
Shoosmiths (Northern Ireland) LLP
2-14 East Bridge Street
Belfast
BT1 3NQ
Dickson Minto W.S
16 Charlotte Square
Edinburgh
EH2 4DF
Beacons Place Limited
Statement of Financial Position
30 June 2022
2022
2021
Note
£
£
£
Current assets
Debtors
4
606,667
606,667
Cash at bank and in hand
319
409
---------
---------
606,986
607,076
Creditors: amounts falling due within one year
5
338,993
338,993
---------
---------
Net current assets
267,993
268,083
---------
---------
Total assets less current liabilities
267,993
268,083
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
267,991
268,081
---------
---------
Shareholders funds
267,993
268,083
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 20 December 2022 , and are signed on behalf of the board by:
H Wilson
Director
Company registration number: SC309904
Beacons Place Limited
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2nd Floor North Saltire Court, 20 Castle Terrace, Edinburgh, Scotland, EH1 2EN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2022
2021
£
£
Amounts owed by group undertakings
606,667
606,667
---------
---------
The debtors above include the following amounts falling due after more than one year:
2022
2021
£
£
Amounts owed by group undertakings
606,667
606,667
---------
---------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to related parties
17,019
17,019
Director loan accounts
321,974
321,974
---------
---------
338,993
338,993
---------
---------
The company has provided security for certain borrowings of its parent company, Kilmona Investments Limited. The security is by way of charges and inter-company guarantees.
6. Summary audit opinion
The auditor's report for the year dated 20 December 2022 was unqualified .
The senior statutory auditor was Cathal Maneely , for and on behalf of Maneely Mc Cann Chartered Accountants .
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2022
2021
£
£
P Kearney
( 321,974)
( 321,974)
---------
---------
8. Related party transactions
Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures. During the previous year a related party under common control of the directors collected rents and service charges on behalf of the company. At 30 June 2022, a balance of £17,019 (2021: £17,019) was owed to the company.