| Beeches Warehousing Limited |
| Registered number: |
01414382 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,977 |
|
|
7,451 |
| Investment Property |
3 |
|
|
3,769,025 |
|
|
3,769,025 |
|
|
|
|
3,772,002 |
|
|
3,776,476 |
|
| Current assets |
| Debtors |
4 |
|
1,705,352 |
|
|
1,664,910 |
| Cash at bank and in hand |
|
|
5,395 |
|
|
- |
|
|
|
1,710,747 |
|
|
1,664,910 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,304,499) |
|
|
(1,200,662) |
|
| Net current assets |
|
|
|
406,248 |
|
|
464,248 |
|
| Total assets less current liabilities |
|
|
|
4,178,250 |
|
|
4,240,724 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,556,000) |
|
|
(1,663,531) |
|
| Provisions for liabilities |
|
|
|
(312,846) |
|
|
(312,846) |
|
|
| Net assets |
|
|
|
2,309,404 |
|
|
2,264,347 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50,000 |
|
|
50,000 |
| Non-distributable reserve |
8 |
|
|
1,527,427 |
|
|
1,527,427 |
| Profit and loss account |
|
|
|
731,977 |
|
|
686,920 |
|
| Shareholder's funds |
|
|
|
2,309,404 |
|
|
2,264,347 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R Hunt |
| Director |
| Approved by the board on 19 December 2018 |
|
| Beeches Warehousing Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets other than investment properties are measured at cost less accumulative depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
|
Plant and machinery |
15% reducing balance |
|
Property improvements |
10% straight line |
|
|
Investment Property |
|
Investment properties are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the non-distributable reserve. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Property improvements |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2017 |
30,277 |
|
248,520 |
|
278,797 |
|
At 31 March 2018 |
30,277 |
|
248,520 |
|
278,797 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
28,814 |
|
242,532 |
|
271,346 |
|
Charge for the year |
293 |
|
4,181 |
|
4,474 |
|
At 31 March 2018 |
29,107 |
|
246,713 |
|
275,820 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
1,170 |
|
1,807 |
|
2,977 |
|
At 31 March 2017 |
1,463 |
|
5,988 |
|
7,451 |
|
|
| 3 |
Investment Property |
|
| Investment |
| property |
| £ |
|
Cost |
|
At 1 April 2017 |
3,769,025 |
|
|
At 31 March 2018 |
3,769,025 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2017 |
1,928,752 |
|
At 31 March 2018 |
1,928,752 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
81,136 |
|
56,772 |
|
Amounts owed by group undertakings |
|
1,608,138 |
|
1,608,138 |
|
Other debtors |
16,078 |
|
- |
|
|
|
|
|
|
1,705,352 |
|
1,664,910 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
125,667 |
|
127,911 |
|
Trade creditors |
10,013 |
|
14,998 |
|
Amounts owed to group undertakings |
|
1,086,650 |
|
999,396 |
|
Corporation tax |
47,641 |
|
30,176 |
|
Other taxes and social security costs |
15,877 |
|
14,679 |
|
Other creditors |
18,651 |
|
13,502 |
|
|
|
|
|
|
1,304,499 |
|
1,200,662 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans |
1,556,000 |
|
1,663,531 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2018 |
|
2017 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
1,053,332 |
|
1,160,865 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
1,681,667 |
|
1,789,198 |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Non-distributable reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
At 1 April 2017 |
1,527,427 |
|
1,536,427 |
|
Transfer to profit and loss reserves |
- |
|
(180,154) |
|
Gain on revaluation of land and buildings |
- |
|
484,000 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(312,846) |
|
|
At 31 March 2018 |
1,527,427 |
|
1,527,427 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Beeches Warehousing Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Beeches Warehousing |
|
Sankey Valley Industrial Estate |
|
Junction Lane |
|
Newton-le-Willows |
|
WA12 8DN |
