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Company No: 04710429 (England and Wales)

BELKNAP LIVERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BELKNAP LIVERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BELKNAP LIVERY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
BELKNAP LIVERY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS C S Mcveigh III
J M A Mcveigh
SECRETARY J M A Mcveigh
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS Samways
Alvediston
Salisbury
Wiltshire
SP5 5LQ
COMPANY NUMBER 04710429 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
BELKNAP LIVERY LIMITED

BALANCE SHEET

As at 31 March 2024
BELKNAP LIVERY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 508,192 462,315
508,192 462,315
Current assets
Debtors 4 647,103 731,439
Cash at bank and in hand 54,833 62,518
701,936 793,957
Creditors: amounts falling due within one year 5 ( 198,683) ( 208,740)
Net current assets 503,253 585,217
Total assets less current liabilities 1,011,445 1,047,532
Provision for liabilities 0 ( 2,702)
Net assets 1,011,445 1,044,830
Capital and reserves
Called-up share capital 400,001 400,001
Profit and loss account 611,444 644,829
Total shareholder's funds 1,011,445 1,044,830

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Belknap Livery Limited (registered number: 04710429) were approved and authorised for issue by the Board of Directors on 25 August 2024. They were signed on its behalf by:

C S Mcveigh III
Director
BELKNAP LIVERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BELKNAP LIVERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Belknap Livery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Samways, Alvediston, Salisbury, Wiltshire, SP5 5LQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in term of historical cost in a foreign currency are not translated.

Turnover

Turnover represents profits or losses on disposal on fixed asset investments in the period in which the disposal occurs and unrealised gains or losses on revaluation of fixed asset investments.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Other investments are initially measured at cost and then valued at fair value with gains and losses recognised in profit or loss. Fair value is determined by reference to published market listings. Deferred tax arising on the difference between cost and carrying value is booked in profit or loss.

Unlisted investments are valued at cost less any impairment as no fair value is readily available.

Income from investments is recognised in the period in which it becomes due. Specifically, dividends are recognised when they are declared, interest when it becomes receivable and share of profit or loss of an LLP or partnership in which the company is a partner on confirmation of the company's share for the period. To the extent to which shares of losses of an LLP or partnership represent amounts due by the company to the partnership, these are presented as creditors.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 462,316 462,316
Additions 14,265 14,265
Disposals ( 1,546) ( 1,546)
Movement in fair value 33,157 33,157
At 31 March 2024 508,192 508,192
Carrying value at 31 March 2024 508,192 508,192
Carrying value at 31 March 2023 462,315 462,315

4. Debtors

2024 2023
£ £
Accrued income 165,533 249,868
Other debtors 481,570 481,571
647,103 731,439

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 5,421 5,421
Accruals 4,250 4,230
Taxation and social security 1 10,078
Other creditors 189,011 189,011
198,683 208,740