2022-11-012023-10-312023-10-31false06368556BELLANN BOARD & PACKAGING 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BELLANN BOARD & PACKAGING CO.LIMITED

Registered Number
06368556
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

BELLANN BOARD & PACKAGING CO.LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

THANE, Barry

Company Secretary

THANE, Helen Jayne

Registered Address

Balderstone Lane
Heasandford Industrial Lane
Burnley
BB10 2BQ

Registered Number

06368556 (England and Wales)
BELLANN BOARD & PACKAGING CO.LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments61,055,1411,055,141
Investment property71,347,2591,347,259
2,402,4002,402,400
Current assets
Debtors112,81360
Cash at bank and on hand118,171117,367
120,984117,427
Creditors amounts falling due within one year12(1,251,098)(1,275,684)
Net current assets (liabilities)(1,130,114)(1,158,257)
Total assets less current liabilities1,272,2861,244,143
Creditors amounts falling due after one year13(791,004)(830,177)
Net assets481,282413,966
Capital and reserves
Called up share capital1,0001,000
Profit and loss account480,282412,966
Shareholders' funds481,282413,966
The financial statements were approved and authorised for issue by the Director on 4 January 2024, and are signed on its behalf by:
THANE, Barry
Director
Registered Company No. 06368556
BELLANN BOARD & PACKAGING CO.LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Smallest group in which results are consolidated
The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property policy
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments 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 Income Statement.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
5.Employee information

20232022
Average number of employees during the year11
6.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 November 221,055,1411,055,141
At 31 October 231,055,1411,055,141
Net book value
At 31 October 231,055,1411,055,141
At 31 October 221,055,1411,055,141

Notes

1Investments in group undertakings and participating interests
7.Investment property
The investment property was purchased in February 2020 at its market value. It is the opinion of the directors that this valuation has not materiality altered at the period end date.

£
Fair value at 01 November 221,347,259
At 31 October 231,347,259
8.Creditors or instalments due after 5 years
Bank loans repayable after more than five years amount to £571,004 (2022 : £570,177).
9.Contingent liabilities, including financial effect, uncertainties and possible reimbursement
The company operates within a VAT Group, this results in the company being jointly and severally liable for the debts of the group.
10.Description of nature of transactions and balances with related parties
On 1 November 2022 the company owed the Director £27,242. During the period the director was repaid £23,000. At 31 October 2023 the company owed the Director £4,242. No interest was charged on this loan and the loan is repayable on demand.
11.Debtors

2023

2022

££
Other debtors2,81360
Total2,81360
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.
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,088-
Bank borrowings and overdrafts55,00065,000
Amounts owed to related parties1,170,5581,164,899
Taxation and social security19,21018,544
Other creditors4,24227,241
Total1,251,0981,275,684
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. Bank borrowings and overdrafts are secured by a fixed and floating charge over the company's property.
13.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts791,004830,177
Total791,004830,177
Bank borrowings and overdrafts are secured by a fixed and floating charge over the company's property.