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REGISTERED NUMBER: 11018237 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BEL LANE DEVELOPMENTS LIMITED

BEL LANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11018237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEL LANE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr J D Birnie
Mrs L Cusack
Mr M J Cusack





REGISTERED OFFICE: 16 Bainbridge Avenue
Hartley
Plymouth
Devon
PL3 5QZ





REGISTERED NUMBER: 11018237 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

BEL LANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11018237)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Stocks 4 799,207 452,101
Cash at bank 5,095 69,766
804,302 521,867
CREDITORS
Amounts falling due within one year 5 499,978 291,805
NET CURRENT ASSETS 304,324 230,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,324

230,062

CREDITORS
Amounts falling due after more than one
year

6

307,028

231,028
NET LIABILITIES (2,704 ) (966 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (2,804 ) (1,066 )
SHAREHOLDERS' FUNDS (2,704 ) (966 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BEL LANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11018237)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:





Mrs L Cusack - Director


BEL LANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11018237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Bel Lane Developments 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 3 ) .

4. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress 799,207 452,101

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 4,506 -
Shareholder loans 494,150 290,605
Accrued expenses 1,322 1,200
499,978 291,805

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 7) 307,028 231,028

BEL LANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11018237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 307,028 231,028

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2022 (1,066 )
Deficit for the year (1,738 )
At 31 October 2023 (2,804 )