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REGISTERED NUMBER: 01333961 (England and Wales)














Financial Statements

for the Year Ended 30 September 2023

for

Belwell Properties Limited

Belwell Properties Limited (Registered number: 01333961)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Belwell Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: G S Yorke-Brooks





SECRETARY: C E Yorke-Brooks





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





REGISTERED NUMBER: 01333961 (England and Wales)





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

Belwell Properties Limited (Registered number: 01333961)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 564,954 564,954

CURRENT ASSETS
Debtors 5 176,407 149,735

CREDITORS
Amounts falling due within one year 6 22,402 21,240
NET CURRENT ASSETS 154,005 128,495
TOTAL ASSETS LESS CURRENT LIABILITIES 718,959 693,449

PROVISIONS FOR LIABILITIES 22,994 17,475
NET ASSETS 695,965 675,974

CAPITAL AND RESERVES
Called up share capital 7 250 250
Fair value reserve 8 134,147 139,666
Retained earnings 8 561,568 536,058
SHAREHOLDERS' FUNDS 695,965 675,974

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 director acknowledges his 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.

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 director and authorised for issue on 14 March 2024 and were signed by:




G S Yorke-Brooks - Director


Belwell Properties Limited (Registered number: 01333961)

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


1. STATUTORY INFORMATION

Belwell Properties 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 as modified by the revaluation of certain assets.

Turnover
The freehold properties and ground rents are held as investments. The company receives income from these sources.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Belwell Properties Limited (Registered number: 01333961)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 564,954
NET BOOK VALUE
At 30 September 2023 564,954
At 30 September 2022 564,954

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2015 554,703
Valuation in 2021 (401,162 )
Cost 411,413
564,954

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 411,413 411,413

The investment properties were valued on an open market basis on 30 September 2020 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 176,407 149,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 7,113 8,364
Other creditors 15,289 12,876
22,402 21,240

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
250 Ordinary £1 250 250

Belwell Properties Limited (Registered number: 01333961)

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


8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 536,058 139,666 675,724
Profit for the year 19,992 19,992
Deferred Tax 5,518 (5,519 ) (1 )
At 30 September 2023 561,568 134,147 695,715