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REGISTERED NUMBER: 10567856 (England and Wales)


















Belo Efeito Property UK Limited

Unaudited Financial Statements for the Year Ended 31 January 2023






Belo Efeito Property UK Limited (Registered number: 10567856)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Belo Efeito Property UK Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Ms G L Westmoreland





REGISTERED OFFICE: 5 Astley Hall Drive
Astley
Manchester
M29 7TX





REGISTERED NUMBER: 10567856 (England and Wales)






Belo Efeito Property UK Limited (Registered number: 10567856)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,119,418 1,118,783

CURRENT ASSETS
Cash at bank 6,565 20,671

CREDITORS
Amounts falling due within one year 5 390,273 470,797
NET CURRENT LIABILITIES (383,708 ) (450,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES 735,710 668,657

CREDITORS
Amounts falling due after more than one year 6 732,445 732,445
NET ASSETS/(LIABILITIES) 3,265 (63,788 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 3,264 (63,789 )
SHAREHOLDERS' FUNDS 3,265 (63,788 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 24 October 2023 and were signed by:





Ms G L Westmoreland - Director


Belo Efeito Property UK Limited (Registered number: 10567856)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Belo Efeito Property UK 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.

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.

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.
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2022 1,118,783 80,278 1,199,061
Additions - 794 794
At 31 January 2023 1,118,783 81,072 1,199,855
DEPRECIATION
At 1 February 2022 - 80,278 80,278
Charge for year - 159 159
At 31 January 2023 - 80,437 80,437
NET BOOK VALUE
At 31 January 2023 1,118,783 635 1,119,418
At 31 January 2022 1,118,783 - 1,118,783

Belo Efeito Property UK Limited (Registered number: 10567856)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans (see note 7) 140,258 140,258
Trade creditors 873 -
Tax 18,982 3,334
Social security and other taxes - 97
Other creditors 950 -
Directors' current accounts 228,077 325,975
Accrued expenses 1,133 1,133
390,273 470,797

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 732,445 732,445

7. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Other loans 140,258 140,258

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 February 2022 (63,789 )
Profit for the year 67,053
At 31 January 2023 3,264