Beauville Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03130456 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Beauville Properties Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr J L Dalrymple

Mr D L Dalrymple

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

03130456 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

SOLICITORS:

Hegarty & Co

48 Broadway

Peterborough

PE1 1YW

FIXED ASSETS

Tangible assets

4

1,214

1,474

CURRENT ASSETS

Stocks

1,131,405

1,034,469

Debtors

5

1,684

-

Cash at bank

13,732

576

1,146,821

1,035,045

CREDITORS

Amounts falling due within one year

6

663,310

581,539

NET CURRENT ASSETS

483,511

453,506

TOTAL ASSETS LESS CURRENT LIABILITIES

484,725

454,980

CREDITORS

Amounts falling due after more than one year

7

41,095

-

NET ASSETS

443,630

454,980

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

442,630

453,980

SHAREHOLDERS' FUNDS

443,630

454,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 December 2018 and were signed on its behalf by:

Mr J L Dalrymple - Director

1.	STATUTORY INFORMATION

Beauville Properties Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks and work in progress

Land and buildings in the course of development and construction are valued at the lower of cost and net

realisable value. Cost represents the cost of acquisition of land and site development expenditure on both land

and buildings, including an appropriate proportion of overheads relating to construction activities.

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.

Impairment

At each reporting date, current and fixed assets and investments but excluding investment properties, are

assessed to determine whether there is an indication that the carrying amount of an asset may be less than its

recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the

recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated

and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is

written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

4,993

Additions

186

Disposals

(642

)

At 31 March 2018

4,537

DEPRECIATION

At 1 April 2017

3,519

Charge for year

268

Eliminated on disposal

(464

)

At 31 March 2018

3,323

NET BOOK VALUE

At 31 March 2018

1,214

At 31 March 2017

1,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,684

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

3,953

-

Taxation and social security

-

6,126

Other creditors

659,357

575,413

663,310

581,539

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

41,095

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000