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REGISTERED NUMBER: 10712238 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Belushi Property Limited

Belushi Property Limited (Registered number: 10712238)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Belushi Property Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M P Foley





SECRETARY:





REGISTERED OFFICE: c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ





REGISTERED NUMBER: 10712238 (England and Wales)





ACCOUNTANTS: Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

Belushi Property Limited (Registered number: 10712238)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,000 -

CURRENT ASSETS
Stocks 208,392 -
Debtors 5,116 30,116
Cash at bank 11,003 6,408
224,511 36,524
CREDITORS
Amounts falling due within one year 237,813 12,822
NET CURRENT (LIABILITIES)/ASSETS (13,302 ) 23,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,698

23,702

CREDITORS
Amounts falling due after more than one year 16,667 26,667
NET LIABILITIES (4,969 ) (2,965 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,069 ) (3,065 )
(4,969 ) (2,965 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2024 and were signed by:





M P Foley - Director


Belushi Property Limited (Registered number: 10712238)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Belushi Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis. As the Company has net liabilities of £4,969 (2023: £2,965) this basis may not be appropriate. Assurance has been provided by the controlling shareholder and major Creditor of the Company, that support will be provided to the Company for the foreseeable future in order to enable the Company to pay its debts as they fall due.

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 - 25% on cost

Stocks
Property that is in the course of development is stated at the lower of cost and the Director's estimate of net realisable value. Cost includes the purchase price of the property plus all development costs incurred including planning fees, survey fees and attributable interest to the date of completion of the development (where appropriate).

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 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 25,000
At 30 April 2024 25,000
NET BOOK VALUE
At 30 April 2024 25,000

Belushi Property Limited (Registered number: 10712238)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M P Foley
Balance outstanding at start of year (1,421 ) (1,421 )
Amounts advanced 1,421 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,421 )

6. RELATED PARTY DISCLOSURES

An amount of £204,813 is owed to the Director of the Company. This amount is interest free and there are no terms for repayment.