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REGISTERED NUMBER: 03241218 (England and Wales)














BELGRAVE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELGRAVE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: A.M. White



REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 03241218 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: National Westminster Bank plc.,
279, High Street,
Epping,
Essex
CM16 4BG

BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,768,728 1,770,911

CURRENT ASSETS
Debtors 5 423 1,876
Cash at bank 305,528 232,571
305,951 234,447
CREDITORS
Amounts falling due within one year 6 710,900 699,760
NET CURRENT LIABILITIES (404,949 ) (465,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,779

1,305,598

CREDITORS
Amounts falling due after more than one
year

7

(19,836

)

(30,000

)

PROVISIONS FOR LIABILITIES 8 (126,142 ) (126,374 )
NET ASSETS 1,217,801 1,149,224

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 863,611 863,611
Retained earnings 354,090 285,513
SHAREHOLDERS' FUNDS 1,217,801 1,149,224

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

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

The director acknowledges her 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.

BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

BALANCE SHEET - continued
31ST 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 26th July 2024 and were signed by:





A.M. White - Director


BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Belgrave Investments 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 the rent receivable during the year from let properties and associated equipment excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 1 (2022 - 2 ) .

BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost or valuation
At 1st November 2022
and 31st October 2023 1,766,579 10,607 51,152
Depreciation
At 1st November 2022 - 10,605 50,528
Charge for year - - 208
At 31st October 2023 - 10,605 50,736
Net book value
At 31st October 2023 1,766,579 2 416
At 31st October 2022 1,766,579 2 624

Motor Computer
vehicles equipment Totals
£    £    £   
Cost or valuation
At 1st November 2022
and 31st October 2023 9,250 5,178 1,842,766
Depreciation
At 1st November 2022 8,998 1,724 71,855
Charge for year 249 1,726 2,183
At 31st October 2023 9,247 3,450 74,038
Net book value
At 31st October 2023 3 1,728 1,768,728
At 31st October 2022 252 3,454 1,770,911

Cost or valuation at 31st October 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2016 989,258 - -
Cost 777,321 10,607 51,152
1,766,579 10,607 51,152

BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2016 - - 989,258
Cost 9,250 5,178 853,508
9,250 5,178 1,842,766

The freehold properties have been restated at fair value with the comparative values also having been restated at the same value as no material change in the fair value was considered to have occurred in the year. The effect and amount of the revaluation, before provision of deferred taxation thereon, is as stated in this note

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,701
Prepayments 423 175
423 1,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,085 9,770
Corporation tax 25,857 19,834
Social security and other taxes 7,874 4,202
Directors' current accounts 650,083 654,477
Accrued expenses 17,001 11,477
710,900 699,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 19,836 30,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 126,142 126,374

Deferred
tax
£   
Balance at 1st November 2022 126,374
Credit to Income Statement during year (232 )
Balance at 31st October 2023 126,142

BELGRAVE INVESTMENTS LIMITED (REGISTERED NUMBER: 03241218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred tax includes provision of £148,493 for the book gain on the revaluing of freehold property to its fair value. This will crystalize in full or in part, only on disposal of any of the properties.

9. RESERVES
Fair
value
reserve
£   
At 1st November 2022
and 31st October 2023 863,611

The fair value reserve is the net book gain on the revaluation of the freehold properties less associated deferred tax provision on that gain.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The amount owing to the director at the balance sheet was £650,083

11. RELATED PARTY DISCLOSURES

Dividends of £23,500 were paid to directors and related parties.

12. ULTIMATE CONTROLLING PARTY

The controlling party at the balance sheet date was A.M.White, the director, by virtue of her ownership of the majority of the company's issued ordinary share capital.