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REGISTERED NUMBER: SC237225 (Scotland)















Unaudited Cessation Financial Statements

for the Period 1 September 2022 to 31 May 2023

for

BELVIDERE GALLERY LIMITED

BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)






Contents of the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELVIDERE GALLERY LIMITED

Company Information
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MAY 2023







DIRECTORS: A Watt
Mrs K B Watt





SECRETARY: Mrs K B Watt





REGISTERED OFFICE: 64 Craigton Road
Aberdeen
AB15 7UN





REGISTERED NUMBER: SC237225 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)

Balance Sheet
31 MAY 2023

31.5.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 2,982
- 2,982

CURRENT ASSETS
Stocks 6 - 9,045
Debtors 7 416 1,454
Cash at bank and in hand 39,513 59,712
39,929 70,211
CREDITORS
Amounts falling due within one year 8 6,286 24,497
NET CURRENT ASSETS 33,643 45,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,643

48,696

PROVISIONS FOR LIABILITIES 9 - 567
NET ASSETS 33,643 48,129

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings 33,618 48,104
SHAREHOLDERS' FUNDS 33,643 48,129

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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.

BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)

Balance Sheet - continued
31 MAY 2023


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 14 November 2023 and were signed on its behalf by:




A Watt - Director



Mrs K B Watt - Director


BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)

Notes to the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MAY 2023

1. STATUTORY INFORMATION

BELVIDERE GALLERY LIMITED is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022 35,000
Disposals (35,000 )
At 31 May 2023 -
AMORTISATION
At 1 September 2022 35,000
Eliminated on disposal (35,000 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 9,191 11,084 20,275
Disposals (9,191 ) (11,084 ) (20,275 )
At 31 May 2023 - - -
DEPRECIATION
At 1 September 2022 7,411 9,882 17,293
Charge for period 1,431 1,202 2,633
Eliminated on disposal (8,842 ) (11,084 ) (19,926 )
At 31 May 2023 - - -
NET BOOK VALUE
At 31 May 2023 - - -
At 31 August 2022 1,780 1,202 2,982

BELVIDERE GALLERY LIMITED (REGISTERED NUMBER: SC237225)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MAY 2023

6. STOCKS
31.5.23 31.8.22
£    £   
Stocks - 9,045

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.8.22
£    £   
VAT 416 -
Prepayments and accrued income - 1,454
416 1,454

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.8.22
£    £   
Tax 1,863 11,663
Social security and other taxes - 521
VAT - 6,148
Directors' current accounts 2,613 1,900
Accrued expenses 1,810 4,265
6,286 24,497

9. PROVISIONS FOR LIABILITIES
31.5.23 31.8.22
£    £   
Deferred tax - 567

Deferred
tax
£   
Balance at 1 September 2022 567
Movement during the year (567 )
Balance at 31 May 2023 -