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BELMONT GROVE LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BELMONT GROVE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mrs J Ladwa
M Ladwa





SECRETARY: Mrs J Ladwa





REGISTERED OFFICE: 4 Churchill Court
58 Station Road
North Harrow
HA2 7ST





REGISTERED NUMBER: 10034893 (England and Wales)






BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 288,000 288,000
Tangible assets 5 48,391 57,415
336,391 345,415

CURRENT ASSETS
Stocks 22,125 23,225
Debtors 6 13,654 5,250
Cash at bank and in hand 177,696 52,642
213,475 81,117
CREDITORS
Amounts falling due within one year 7 100,806 135,893
NET CURRENT ASSETS/(LIABILITIES) 112,669 (54,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,060

290,639

CREDITORS
Amounts falling due after more than one
year

8

22,500

-
NET ASSETS 426,560 290,639

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 426,360 290,439
SHAREHOLDERS' FUNDS 426,560 290,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2023


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 25 January 2024 and were signed on its behalf by:





M Ladwa - Director


BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Belmont Grove 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.

Goodwill
Goodwill has not been amortised, as the directors believe that the value of goodwill is at least the amount it is stated at in the financial statements, and amortisating it would render the financial statements not showing a true and fair view.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% on cost

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 statement of financial position date.


BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 288,000
Net book value
At 31 March 2023 288,000
At 31 March 2022 288,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 16,500 68,325 84,825
Depreciation
At 1 April 2022 8,250 19,160 27,410
Charge for year 1,650 7,374 9,024
At 31 March 2023 9,900 26,534 36,434
Net book value
At 31 March 2023 6,600 41,791 48,391
At 31 March 2022 8,250 49,165 57,415

BELMONT GROVE LIMITED (REGISTERED NUMBER: 10034893)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,654 5,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 41,627
Trade creditors 6,044 12,309
Taxation and social security 76,388 50,847
Other creditors 8,374 31,110
100,806 135,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 -

9. CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2022 - £45,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Ladwa.