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REGISTERED NUMBER: 04073994 (England and Wales)














Financial Statements

for the Year Ended 30 September 2023

for

Belwell Management Limited

Belwell Management Limited (Registered number: 04073994)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Belwell Management Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: G S Yorke-Brooks
Ms C B Ecroyd





SECRETARY: C E Yorke-Brooks





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 04073994 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

Belwell Management Limited (Registered number: 04073994)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,351 74,231

CURRENT ASSETS
Debtors 5 57,990 91,363
Cash at bank 241,325 447,275
299,315 538,638
CREDITORS
Amounts falling due within one year 6 354,360 545,583
NET CURRENT LIABILITIES (55,045 ) (6,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,306 67,286

PROVISIONS FOR LIABILITIES - 957
NET ASSETS 9,306 66,329

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8,306 65,329
SHAREHOLDERS' FUNDS 9,306 66,329

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

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

Belwell Management Limited (Registered number: 04073994)

Balance Sheet - continued
30 September 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 March 2024 and were signed on its behalf by:





G S Yorke-Brooks - Director


Belwell Management Limited (Registered number: 04073994)

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


1. STATUTORY INFORMATION

Belwell Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents management fees received from associated companies.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance
Plant & machinery - 25% on reducing balance
Motor vehicles - 20% on cost

Taxation
Taxation for the year 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 year 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.

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.

Belwell Management Limited (Registered number: 04073994)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 3,477 29,719 49,500 26,013 108,709
Additions 1,589 2,483 - 3,329 7,401
At 30 September 2023 5,066 32,202 49,500 29,342 116,110
DEPRECIATION
At 1 October 2022 1,415 15,012 461 17,590 34,478
Charge for year 847 3,879 9,808 2,747 17,281
At 30 September 2023 2,262 18,891 10,269 20,337 51,759
NET BOOK VALUE
At 30 September 2023 2,804 13,311 39,231 9,005 64,351
At 30 September 2022 2,062 14,707 49,039 8,423 74,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 10,020 40,287
Directors' loan accounts 43,519 50,985
Tax 3,449 -
Deferred tax asset 906 -
Prepayments 96 91
57,990 91,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 41,646 410,461
Inter Company creditor 307,752 130,382
Accrued expenses 4,962 4,740
354,360 545,583

Belwell Management Limited (Registered number: 04073994)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
G S Yorke-Brooks
Balance outstanding at start of year 53,299 -
Amounts advanced 90,854 136,118
Amounts repaid (100,633 ) (82,819 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,520 53,299

Mrs H Yorke-Brooks
Balance outstanding at start of year - 22,805
Amounts repaid - (22,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -