2022-03-232023-03-212023-03-21false10123742BELGRAVE VENTURES 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BELGRAVE VENTURES LIMITED

Registered Number
10123742
(England and Wales)

Unaudited Financial Statements for the Period ended
21 March 2023

BELGRAVE VENTURES LIMITED
Company Information
for the period from 23 March 2022 to 21 March 2023

Directors

PATEL, Dipak Jayanand
PATEL, Hitesh Jayanand
PATEL, Jitendra Jayanand

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

10123742 (England and Wales)
BELGRAVE VENTURES LIMITED
Balance Sheet as at
21 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets524,67333,560
24,67333,560
Current assets
Stocks63,49313,794
Debtors7192,127410,227
Cash at bank and on hand44,89937,457
240,519461,478
Creditors amounts falling due within one year8(157,318)(345,145)
Net current assets (liabilities)83,201116,333
Total assets less current liabilities107,874149,893
Creditors amounts falling due after one year9(43,379)(48,838)
Provisions for liabilities10(6,095)(6,176)
Net assets58,40094,879
Capital and reserves
Called up share capital100100
Profit and loss account58,30094,779
Shareholders' funds58,40094,879
The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2024, and are signed on its behalf by:
PATEL, Dipak Jayanand
Director
PATEL, Hitesh Jayanand
Director
PATEL, Jitendra Jayanand
Director

Registered Company No. 10123742
BELGRAVE VENTURES LIMITED
Notes to the Financial Statements
for the period ended 21 March 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.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings25-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 23 March 2225,27093,834119,104
At 21 March 2325,27093,834119,104
Depreciation and impairment
At 23 March 2224,21761,32785,544
Charge for year7608,1278,887
At 21 March 2324,97769,45494,431
Net book value
At 21 March 2329324,38024,673
At 22 March 221,05332,50733,560
6.Stocks

2023

2022

££
Other stocks3,49313,794
Total3,49313,794
7.Debtors

2023

2022

££
Trade debtors / trade receivables2,1615,911
Other debtors187,566397,521
Prepayments and accrued income2,4006,795
Total192,127410,227
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, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables6,878189,413
Taxation and social security2091,411
Other creditors148,361148,361
Accrued liabilities and deferred income1,8705,960
Total157,318345,145
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts43,37948,838
Total43,37948,838
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6,0956,176
Total6,0956,176