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Belmont Drive Management Co Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






Belmont Drive Management Co Limited (Registered number: 06080251)






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 Drive Management Co Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J D Cummings
K Young





SECRETARY: K Young





REGISTERED OFFICE: Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL





REGISTERED NUMBER: 06080251 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants
Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL

Belmont Drive Management Co Limited (Registered number: 06080251)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800,000 800,000

CURRENT ASSETS
Debtors 5 292,277 317,275
Cash in hand 2 2
292,279 317,277
CREDITORS
Amounts falling due within one year 6 45,145 66,321
NET CURRENT ASSETS 247,134 250,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,134

1,050,956

CREDITORS
Amounts falling due after more than one
year

7

751,114

751,114
NET ASSETS 296,020 299,842

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 221,638 221,638
Retained earnings 74,380 78,202
SHAREHOLDERS' FUNDS 296,020 299,842

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





J D Cummings - Director


Belmont Drive Management Co Limited (Registered number: 06080251)

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

1. STATUTORY INFORMATION

Belmont Drive Management Co 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.

Turnover
Turnover represents rents receivable.

Tangible fixed assets
Depreciation is not provided on investment properties.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 800,000
NET BOOK VALUE
At 30 September 2023 800,000
At 30 September 2022 800,000

Cost or valuation at 30 September 2023 is represented by:

Land and
buildings
£   
Valuation in 2009 421,638
Valuation in 2011 (200,000 )
Cost 578,362
800,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by holding company 292,277 317,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 2,898
Other creditors 45,145 63,423
45,145 66,321

Belmont Drive Management Co Limited (Registered number: 06080251)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 751,114 751,114

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 751,114 751,114

The mortgages are secured on the company's investment properties.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 221,638