1 February 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBPSC3914892023-02-012024-01-31SC3914892024-01-31SC3914892023-01-31SC391489core:WithinOneYear2024-01-31SC391489core:WithinOneYear2023-01-31SC391489core:ShareCapital2024-01-31SC391489core:ShareCapital2023-01-31SC391489core:RetainedEarningsAccumulatedLosses2024-01-31SC391489core:RetainedEarningsAccumulatedLosses2023-01-31SC391489bus:Director12023-02-012024-01-31SC391489bus:RegisteredOffice2023-02-012024-01-31SC3914892022-02-012023-01-31SC391489core:CostValuation2023-02-01SC391489core:CostValuation2024-01-31SC39148912023-02-012024-01-31SC391489countries:Scotland2023-02-012024-01-31SC391489bus:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC391489bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC391489bus:SmallEntities2023-02-012024-01-31SC391489bus:FullAccounts2023-02-012024-01-31
Company registration number:
SC391489
Belief Business Ltd.
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Belief Business Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Belief Business Ltd.
Year ended
31 January 2024
As described on the statement of financial position, the Board of Directors of
Belief Business Ltd.
are responsible for the preparation of the
financial statements
for the year ended
31 January 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Reports
71 c75 Shelton Street
London
WC2H 9JQ
United Kingdom
Belief Business Ltd.
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Investments 5
269,905
 
269,905
 
Current assets    
Debtors 6
1,226,199
 
1,226,199
 
Creditors: amounts falling due within one year 7
(6,113
)
(6,113
)
Net current assets
1,220,086
 
1,220,086
 
Total assets less current liabilities 1,489,991   1,489,991  
Capital and reserves    
Called up share capital
1,500,000
 
1,500,000
 
Profit and loss account
(10,009
)
(10,009
)
Shareholders funds
1,489,991
 
1,489,991
 
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
5 September 2024
, and are signed on behalf of the board by:
L Denis
Director
Company registration number:
SC391489
Belief Business Ltd.
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
272 Bath Street
,
Glasgow
,
G2 4JR
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Investments

Other investments other than loans
£
Cost  
At
1 February 2023
269,905
 
At
31 January 2024
269,905
 
Impairment  
At
1 February 2023
and
31 January 2024
-  
Carrying amount  
At
31 January 2024
269,905
 
At 31 January 2023
269,905
 

6 Debtors

20242023
££
Other debtors
1,226,199
 
1,226,199
 

7 Creditors: amounts falling due within one year

20242023
££
Other creditors
6,113
 
6,113