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REGISTERED NUMBER: SC580094 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELLSIDE DEVELOPMENTS SCOTLAND LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: A Preston





SECRETARY:





REGISTERED OFFICE: Suite 4/6
82 Mitchell Street
Glasgow
G1 3NA





REGISTERED NUMBER: SC580094 (Scotland)





ACCOUNTANTS: Portlands
The Alhambra Suite
82 Mitchell Street
Glasgow
G1 3NA

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,169 32,602
Investments 5 850,000 -
877,169 32,602

CURRENT ASSETS
Stocks 131,290 1
Debtors 6 - 133,568
Cash at bank and in hand 40,059 907,824
171,349 1,041,393
CREDITORS
Amounts falling due within one year 7 - (3,420 )
NET CURRENT ASSETS 171,349 1,037,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,048,518

1,070,575

CREDITORS
Amounts falling due after more than one
year

8

(1,107,102

)

(1,073,396

)
NET LIABILITIES (58,584 ) (2,821 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,684 ) (2,921 )
SHAREHOLDERS' FUNDS (58,584 ) (2,821 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 31 July 2024 and were signed by:





A Preston - Director


BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bellside Developments Scotland Limited is a private company, limited by shares , registered in Scotland. 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.

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 - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 48,093
DEPRECIATION
At 1 November 2022 15,491
Charge for year 5,433
At 31 October 2023 20,924
NET BOOK VALUE
At 31 October 2023 27,169
At 31 October 2022 32,602

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 850,000
At 31 October 2023 850,000
NET BOOK VALUE
At 31 October 2023 850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 127,809
Other debtors - 5,759
- 133,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 3,420

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,107,102 1,073,396

BELLSIDE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC580094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,107,102 1,073,396