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REGISTERED NUMBER: 11935768 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

TBG (THE BELVEDERE GROUP) LTD

TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TBG (THE BELVEDERE GROUP) LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J Niederman
D R R Regali





REGISTERED OFFICE: Fairman Harris
1 Landor Road
London
SW9 9RX





REGISTERED NUMBER: 11935768 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)

Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,517 2,772
Investments 5 10,000 10,000
69,517 12,772

CURRENT ASSETS
Stocks 100,000 -
Debtors 6 237,025 164,820
Cash at bank 23,438 48,349
360,463 213,169
CREDITORS
Amounts falling due within one year 7 434,295 182,067
NET CURRENT (LIABILITIES)/ASSETS (73,832 ) 31,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,315

)

43,874

CREDITORS
Amounts falling due after more than one
year

8

49,882

-
NET (LIABILITIES)/ASSETS (54,197 ) 43,874

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 (54,497 ) 43,574
SHAREHOLDERS' FUNDS (54,197 ) 43,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)

Balance Sheet - continued
30 April 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 31 January 2024 and were signed on its behalf by:




J Niederman - Director



D R R Regali - Director


TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

TBG (The Belvedere Group) 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance
Motor Vehicle - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 year was 3 (2022 - 2 ) .

TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 687 - 3,009 3,696
Additions 2,395 64,875 9,314 76,584
At 30 April 2023 3,082 64,875 12,323 80,280
DEPRECIATION
At 1 May 2022 172 - 752 924
Charge for year 727 16,219 2,893 19,839
At 30 April 2023 899 16,219 3,645 20,763
NET BOOK VALUE
At 30 April 2023 2,183 48,656 8,678 59,517
At 30 April 2022 515 - 2,257 2,772

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 May 2022
and 30 April 2023 10,000
NET BOOK VALUE
At 30 April 2023 10,000
At 30 April 2022 10,000

Fixed asset investments are carried at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 70,754 70,984
Retention Fees 38,986 -
CIS receivable 38,641 33,830
Directors' current accounts 78,975 48,425
VAT 9,669 11,581
237,025 164,820

TBG (THE BELVEDERE GROUP) LTD (REGISTERED NUMBER: 11935768)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 33,333 -
Hire purchase contracts 7,759 -
Trade creditors 187,177 37,230
Tax 35,933 33,207
Other creditors 17,186 23,500
Credit card - Capital on Tap 34,398 3,512
Credit card - Amex business 28,079 8,863
Credit card - Amex - 19,016
Credit card - TBG AMEX 2 22,100 -
Retention Fees Payable - 974
Net wages 7,919 -
Accrued expenses 60,411 55,765
434,295 182,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Hire purchase contracts 49,882 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
300 Ordinary £1 300 300

10. RESERVES
Retained
earnings
£   

At 1 May 2022 43,874
Deficit for the year (22,971 )
Dividends (75,400 )
At 30 April 2023 (54,497 )

11. RELATED PARTY DISCLOSURES

At the end of the year, the directors owed an amount of £78,975 (2022 : £48,425) to company.