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REGISTERED NUMBER: 10114832 (England and Wales)















BELBROUGHTON STORAGE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BELBROUGHTON STORAGE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr. M.J. Anson
Mrs. V.E. Anson





REGISTERED OFFICE: 3 Mill Pool
Nash Lane
Belbroughton
Stourbridge
West Midlands
DY9 9AF





REGISTERED NUMBER: 10114832 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belbroughton Storage Company Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Belbroughton Storage Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belbroughton Storage Company Limited and state those matters that we have agreed to state to the Board of Directors of Belbroughton Storage Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belbroughton Storage Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Belbroughton Storage Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Belbroughton Storage Company Limited. You consider that Belbroughton Storage Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belbroughton Storage Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


15 July 2024

BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500,000 500,000

CURRENT ASSETS
Debtors 5 6,990 7,247
Cash at bank 15,003 16,249
21,993 23,496
CREDITORS
Amounts falling due within one year 6 349,129 363,696
NET CURRENT LIABILITIES (327,136 ) (340,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,864

159,800

PROVISIONS FOR LIABILITIES 11,966 11,966
NET ASSETS 160,898 147,834

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 74,584 74,584
Retained earnings 86,214 73,150
SHAREHOLDERS' FUNDS 160,898 147,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 15 July 2024 and were signed on its behalf by:





Mr. M.J. Anson - Director


BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Belbroughton Storage Company 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 net sales of goods/services, 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 depreciated

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.

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 2 (2023 - 2 ) .

BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2022 86,550
Cost 413,450
500,000

The fair value of freehold property has been arrived at on the basis of a directors' valuation. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,890 4,147
Other debtors 3,100 3,100
6,990 7,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (423 )
Taxation and social security 7,336 7,488
Other creditors 341,793 356,631
349,129 363,696

BELBROUGHTON STORAGE COMPANY LIMITED (REGISTERED NUMBER: 10114832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 74,584

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr. M.J. Anson and Mrs. V.E. Anson
Balance outstanding at start of year 3,080 -
Amounts advanced - 3,080
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,080 3,080

9. RELATED PARTY DISCLOSURES

Mr M.J. Anson and Mrs V.E. Anson are both also directors and shareholders of Clarkson Controls Limited. Mr M.J. Anson is also a director and shareholder of C Squared Building Automation Limited.

Clarkson Controls Limited paid £69 (2023: £788) to Belbroughton Storage Company Limited during the year. Interest of £9,000 (2023: £11,900) accumulated on the total loan over the period. At the year end, Clarkson Controls Limited was owed £325,156 (2023: £355,187) by Belbroughton Storage Company Limited.

10. ULTIMATE CONTROLLING PARTY

The control of the company is exercised by Mr M.J. Anson, Mrs V.E. Anson, Mrs C.S Harwood and Mrs L.M. Dolphin by virtue of their shareholdings. No individual holds more than 50% of the issued share capital.