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Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Belmont Land Limited

Belmont Land Limited (Registered number: 01957250)

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


Belmont Land Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs S C Oakley
A J Russell





SECRETARY: Mrs S C Oakley





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 01957250 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Belmont Land Limited (Registered number: 01957250)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40 53
Investments 5 1 1
Investment property 6 1,058,482 1,058,482
1,058,523 1,058,536

CURRENT ASSETS
Debtors 7 - 1,333
Cash at bank 365,588 478,103
365,588 479,436
CREDITORS
Amounts falling due within one year 8 33,833 126,306
NET CURRENT ASSETS 331,755 353,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,390,278

1,411,666

PROVISIONS FOR LIABILITIES 9 103,528 78,681
NET ASSETS 1,286,750 1,332,985

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 763,916 763,916
Retained earnings 522,734 568,969
SHAREHOLDERS' FUNDS 1,286,750 1,332,985

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.

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 3 April 2024 and were signed on its behalf by:




A J Russell - Director


Belmont Land Limited (Registered number: 01957250)

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


1. STATUTORY INFORMATION

Belmont Land 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - Straight line over 3 years

Depreciation is provided on the deemed value of the building portion of the freehold property only.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Belmont Land Limited (Registered number: 01957250)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 9,932 3,205 13,137
DEPRECIATION
At 1 October 2022 9,879 3,205 13,084
Charge for year 13 - 13
At 30 September 2023 9,892 3,205 13,097
NET BOOK VALUE
At 30 September 2023 40 - 40
At 30 September 2022 53 - 53

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 636,218
PROVISIONS
At 1 October 2022
and 30 September 2023 636,217
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,058,482
NET BOOK VALUE
At 30 September 2023 1,058,482
At 30 September 2022 1,058,482

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2019 423,757
Valuation in 1999 340,159
Cost 294,566
1,058,482

Belmont Land Limited (Registered number: 01957250)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,333

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 106 50
Tax 16,612 14,407
Other creditors 372 1,683
Accruals 2,790 2,790
Directors' current accounts 703 97,876
Rents in advance 13,250 9,500
33,833 126,306

9. PROVISIONS FOR LIABILITIES

Deferred tax relates to the tax payable in the event that the investment properties are sold at the market value shown in the accounts.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mrs S C Oakley.