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REGISTERED NUMBER: 08690237 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Belgrave Homes Limited

Belgrave Homes Limited (Registered number: 08690237)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Belgrave Homes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Buchanan
Mrs A Buchanan
S P Haskett





SECRETARY: Turner Hampton Secretaries Limited





REGISTERED OFFICE: 3 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS





REGISTERED NUMBER: 08690237 (England and Wales)





ACCOUNTANTS: Turner Hampton
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Belgrave Homes Limited (Registered number: 08690237)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 287,011 303,975

CURRENT ASSETS
Inventories 2,243,878 2,980,190
Debtors 5 3,193,450 4,333,104
Cash at bank 1,325,208 696,084
6,762,536 8,009,378
CREDITORS
Amounts falling due within one year 6 (3,923,827 ) (3,844,247 )
NET CURRENT ASSETS 2,838,709 4,165,131
TOTAL ASSETS LESS CURRENT LIABILITIES 3,125,720 4,469,106

CREDITORS
Amounts falling due after more than one
year

7

(85,435

)

(1,167,634

)

PROVISIONS FOR LIABILITIES (2,257 ) (4,670 )
NET ASSETS 3,038,028 3,296,802

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 3,037,926 3,296,700
SHAREHOLDERS' FUNDS 3,038,028 3,296,802

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

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

Belgrave Homes Limited (Registered number: 08690237)

Balance Sheet - continued
31 December 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 12 September 2024 and were signed on its behalf by:





P Buchanan - Director


Belgrave Homes Limited (Registered number: 08690237)

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


1. STATUTORY INFORMATION

Belgrave Homes 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.

Turnover
Turnover represents total sales and work done less credit notes, discounts and value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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 - 2% on cost
Motor vehicles - 20% on cost
Plant & equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost
Office equipment - 20% on cost

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

Belgrave Homes Limited (Registered number: 08690237)

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


2. ACCOUNTING POLICIES - continued

Long term projects
Long term projects are assessed on a project by project basis and are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Where the outcome of each long term project can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for the project.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Motor Plant &
property vehicles equipment
£    £    £   
COST
At 1 January 2023
and 31 December 2023 313,248 55,093 52,723
DEPRECIATION
At 1 January 2023 33,851 35,241 51,869
Charge for year 4,265 11,019 621
At 31 December 2023 38,116 46,260 52,490
NET BOOK VALUE
At 31 December 2023 275,132 8,833 233
At 31 December 2022 279,397 19,852 854

Fixtures
and Computer Office
fittings equipment equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 8,307 1,950 3,702 435,023
DEPRECIATION
At 1 January 2023 4,640 1,745 3,702 131,048
Charge for year 857 202 - 16,964
At 31 December 2023 5,497 1,947 3,702 148,012
NET BOOK VALUE
At 31 December 2023 2,810 3 - 287,011
At 31 December 2022 3,667 205 - 303,975

Included in cost of land and buildings is freehold land of £ 100,000 (2022 - £ 100,000 ) which is not depreciated.

Belgrave Homes Limited (Registered number: 08690237)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 146,605 202,563
Amounts recoverable on contract 2,961,090 4,011,055
Other debtors 85,755 119,486
3,193,450 4,333,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 60,620 56,508
Trade creditors 354,178 197,747
Taxation and social security 3,690 75,313
Other creditors 3,505,339 3,514,679
3,923,827 3,844,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1,021,579
Hire purchase contracts 85,435 146,055
85,435 1,167,634

8. CONTINGENT LIABILITIES

There is a fixed and floating charge with The Royal Bank of Scotland Plc which was created on 10 November 2023. The amount secured is all assets and rights of the company owned now or in the future which is not held as security by any other bank.

9. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr P Buchanan and Mrs A Buchanan throughout the period by virtue of their interest in the issued share capital of the company.