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REGISTERED NUMBER: 12980448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Belmore Homes Ltd

Belmore Homes Ltd (Registered number: 12980448)






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


Belmore Homes Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: I G Brown
Mrs A J N Brown
Miss I A Brown
E W Brown





SECRETARY: Mrs A J N Brown





REGISTERED OFFICE: Netley House, Shere Road
Gomshall. Guildford
Surrey
GU5 9QA





REGISTERED NUMBER: 12980448 (England and Wales)





ACCOUNTANTS: Tempus Tax Ltd
Netley House
Shere Road
Gomshall
Guildford
Surrey
GU5 9QA

Belmore Homes Ltd (Registered number: 12980448)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,457 31,134
Investment property 5 3,773,316 3,154,396
3,893,773 3,185,530

CURRENT ASSETS
Debtors 6 512 1,930
Cash at bank 171,348 208,541
171,860 210,471
CREDITORS
Amounts falling due within one year 7 (2,180 ) 13,275
NET CURRENT ASSETS 174,040 197,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,067,813

3,382,726

CREDITORS
Amounts falling due after more than one
year

8

(3,935,559

)

(3,307,089

)

PROVISIONS FOR LIABILITIES (19,794 ) -
NET ASSETS 112,460 75,637

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,360 75,537
112,460 75,637

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 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.

Belmore Homes Ltd (Registered number: 12980448)

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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





I G Brown - Director


Belmore Homes Ltd (Registered number: 12980448)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Belmore Homes Ltd 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - NIL ) .

Belmore Homes Ltd (Registered number: 12980448)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 4,026 2,390 1,620
Additions - 1,231 637
At 31 October 2023 4,026 3,621 2,257
DEPRECIATION
At 1 November 2022 - 247 201
Charge for year - 700 485
At 31 October 2023 - 947 686
NET BOOK VALUE
At 31 October 2023 4,026 2,674 1,571
At 31 October 2022 4,026 2,143 1,419

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 29,742 - 37,778
Additions 121,261 1,369 124,498
At 31 October 2023 151,003 1,369 162,276
DEPRECIATION
At 1 November 2022 6,196 - 6,644
Charge for year 33,676 314 35,175
At 31 October 2023 39,872 314 41,819
NET BOOK VALUE
At 31 October 2023 111,131 1,055 120,457
At 31 October 2022 23,546 - 31,134

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 3,154,396
Additions 618,920
At 31 October 2023 3,773,316
NET BOOK VALUE
At 31 October 2023 3,773,316
At 31 October 2022 3,154,396

Belmore Homes Ltd (Registered number: 12980448)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 500 (3,082 )
Other debtors - 5,000
500 1,918

Amounts falling due after more than one year:
Other debtors 12 12

Aggregate amounts 512 1,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - (2 )
Taxation and social security (4,280 ) 11,132
Other creditors 2,100 2,145
(2,180 ) 13,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 2,491,223 1,801,774
Other creditors 1,444,336 1,505,315
3,935,559 3,307,089

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 2,478,509 1,783,409