Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31trueletting of own real estate33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falsetrue 11776920 2023-02-01 2024-01-31 11776920 2022-02-01 2023-01-31 11776920 2024-01-31 11776920 2023-01-31 11776920 c:Director1 2023-02-01 2024-01-31 11776920 d:FreeholdInvestmentProperty 2024-01-31 11776920 d:FreeholdInvestmentProperty 2023-01-31 11776920 d:CurrentFinancialInstruments 2024-01-31 11776920 d:CurrentFinancialInstruments 2023-01-31 11776920 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11776920 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11776920 d:ShareCapital 2024-01-31 11776920 d:ShareCapital 2023-01-31 11776920 d:RetainedEarningsAccumulatedLosses 2024-01-31 11776920 d:RetainedEarningsAccumulatedLosses 2023-01-31 11776920 c:FRS102 2023-02-01 2024-01-31 11776920 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11776920 c:FullAccounts 2023-02-01 2024-01-31 11776920 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11776920 6 2023-02-01 2024-01-31 11776920 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11776920










BELUTO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
BELUTO LIMITED
REGISTERED NUMBER: 11776920

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
732,550
732,550

  
732,650
732,650

Current assets
  

Debtors: amounts falling due within one year
 6 
274,829
148,718

Cash at bank and in hand
  
23,217
126,975

  
298,046
275,693

Creditors: amounts falling due within one year
 7 
(14,642)
(14,859)

Net current assets
  
 
 
283,404
 
 
260,834

  

Net assets
  
1,016,054
993,484


Capital and reserves
  

Called up share capital 
  
3,003
3,003

Profit and loss account
  
1,013,051
990,481

  
1,016,054
993,484


Page 1

 
BELUTO LIMITED
REGISTERED NUMBER: 11776920
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2024.




B J Rice
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Beluto Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 11776920). Its registered office is 37 Petersfield Road, London, W3 8NY. The principal activity of the Company throughout the year continued to be that of the letting of own real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Secion 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentation currency is pounds sterling.
The following principal accounting policies have been applied.

 
2.2

Revenue

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

  
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

Page 3

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed Company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
100



At 31 January 2024
100




Page 4

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
732,550



At 31 January 2024
732,550

The 2024 valuations were made by the directors, on an open market value for existing use basis.

In the directors opinion, the property's market value is equal to its historical cost.




6.


Debtors

2024
2023
£
£


Amounts owed by related parties
274,739
134,464

Other debtors
-
14,254

Prepayments and accrued income
90
-

274,829
148,718



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,754
5,743

Other creditors
818
-

Accruals and deferred income
9,070
9,116

14,642
14,859


 
Page 5