Company registration number 13695774 (England and Wales)
Bellcroft Property (HX3) Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2023
PAGES FOR FILING WITH REGISTRAR
Bellcroft Property (HX3) Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Bellcroft Property (HX3) Limited
Statement of financial position
as at 31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
-
120,125
Cash at bank and in hand
1,771
1,217
1,771
121,342
Creditors: amounts falling due within one year
4
(317)
(128,622)
Net current assets/(liabilities)
1,454
(7,280)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,354
(7,380)
Total equity
1,454
(7,280)
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 October 2024 and are signed on its behalf by:
H R Brearley-Swaine
J Brearley-Swaine
Director
Director
Company registration number 13695774 (England and Wales)
Bellcroft Property (HX3) Limited
Statement Of Changes In Equity
for the year ended 31 October 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 21 October 2021
-
Period ended 31 October 2022:
Loss and total comprehensive income
-
(7,380)
(7,380)
Issue of share capital
100
-
100
Balance at 31 October 2022
100
(7,380)
(7,280)
Period ended 31 October 2023:
Profit and total comprehensive income
-
8,734
8,734
Balance at 31 October 2023
100
1,354
1,454
Bellcroft Property (HX3) Limited
Notes to the Financial Statements
for the year ended 31 October 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the rental income received and property sales in the normal course of business.
Turnover is recognised on a receipts basis.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Bellcroft Property (HX3) Limited
Notes to the Financial Statements (continued)
for the year ended 31 October 2023
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
86,472
Corporation tax
317
Other creditors
42,150
317
128,622
5
Company information
Bellcroft Property (HX3) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Beeches, Upper Bell Croft, Southowram, Halifax, West Yorkshire, HX3 9RJ.