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REGISTERED NUMBER: 01192158 (England and Wales)










Bellarion Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Bellarion Limited (Registered number: 01192158)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bellarion Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr R L Everett
Mrs F Everett





SECRETARY: Mrs F Everett





REGISTERED OFFICE: Lon Parcwr Business Park
Ruthin
Denbighshire
LL15 1NJ





REGISTERED NUMBER: 01192158 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Bellarion Limited (Registered number: 01192158)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,301 27,367

CURRENT ASSETS
Stocks 183,652 132,187
Debtors 5 137,924 311,182
Cash at bank and in hand 212,554 225,018
534,130 668,387
CREDITORS
Amounts falling due within one year 6 142,452 95,493
NET CURRENT ASSETS 391,678 572,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,979

600,261

PROVISIONS FOR LIABILITIES 5,103 6,850
NET ASSETS 400,876 593,411

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 400,676 593,211
SHAREHOLDERS' FUNDS 400,876 593,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mrs F Everett - Director


Bellarion Limited (Registered number: 01192158)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Bellarion 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost, 20% on cost and 10% on cost

It is the company's policy to maintain its properties in a continued state of sound repair. In the case of freehold buildings the directors consider that the lives of these assets and their residual values are such that their depreciation is not significant. Accordingly, no depreciation is provided on freehold buildings. This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, this policy is necessary for the financial statements to give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2022 - 7 ) .

Bellarion Limited (Registered number: 01192158)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 11,111 52,913 91,689 155,713
Additions - - 652 652
At 31 December 2023 11,111 52,913 92,341 156,365
DEPRECIATION
At 1 January 2023 11,111 47,698 69,537 128,346
Charge for year - 1,650 12,068 13,718
At 31 December 2023 11,111 49,348 81,605 142,064
NET BOOK VALUE
At 31 December 2023 - 3,565 10,736 14,301
At 31 December 2022 - 5,215 22,152 27,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 128,972 120,057
Amounts owed by group undertakings - 181,704
Other debtors 8,952 9,421
137,924 311,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 78,921 38,904
Taxation and social security 41,859 39,997
Other creditors 21,672 16,592
142,452 95,493

7. RELATED PARTY DISCLOSURES

During the year the Company paid rents totalling £45,500 to Bellarion Holdings Limited, a Company under common control.

A dividend of £163,354 was voted on 31 December 2023 to Bellarion Holdings Limited, a Company under common control.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs F Everett.