Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00835967 Mr A Belcher Mr R Belcher Mr A Belcher true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00835967 2023-03-31 00835967 2024-03-31 00835967 2023-04-01 2024-03-31 00835967 frs-core:CurrentFinancialInstruments 2024-03-31 00835967 frs-core:Non-currentFinancialInstruments 2024-03-31 00835967 frs-core:ComputerEquipment 2024-03-31 00835967 frs-core:ComputerEquipment 2023-04-01 2024-03-31 00835967 frs-core:ComputerEquipment 2023-03-31 00835967 frs-core:FurnitureFittings 2024-03-31 00835967 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00835967 frs-core:FurnitureFittings 2023-03-31 00835967 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 00835967 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 00835967 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 00835967 frs-core:OtherReservesSubtotal 2024-03-31 00835967 frs-core:ShareCapital 2024-03-31 00835967 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00835967 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00835967 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00835967 frs-bus:SmallEntities 2023-04-01 2024-03-31 00835967 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00835967 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00835967 1 2023-04-01 2024-03-31 00835967 frs-bus:Director1 2023-04-01 2024-03-31 00835967 frs-bus:Director2 2023-04-01 2024-03-31 00835967 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00835967 frs-countries:EnglandWales 2023-04-01 2024-03-31 00835967 2022-03-31 00835967 2023-03-31 00835967 2022-04-01 2023-03-31 00835967 frs-core:CurrentFinancialInstruments 2023-03-31 00835967 frs-core:Non-currentFinancialInstruments 2023-03-31 00835967 frs-core:OtherReservesSubtotal 2023-03-31 00835967 frs-core:ShareCapital 2023-03-31 00835967 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00835967
Belcher Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00835967
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,003,244 3,553,319
3,003,244 3,553,319
CURRENT ASSETS
Debtors 5 1,250 5,250
Cash at bank and in hand 107,686 137,929
108,936 143,179
Creditors: Amounts Falling Due Within One Year 6 (85,998 ) (96,191 )
NET CURRENT ASSETS (LIABILITIES) 22,938 46,988
TOTAL ASSETS LESS CURRENT LIABILITIES 3,026,182 3,600,307
Creditors: Amounts Falling Due After More Than One Year 7 (735,000 ) (1,160,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (359,954 ) (384,793 )
NET ASSETS 1,931,228 2,055,514
CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Other reserves 1,018,791 1,328,920
Profit and Loss Account 882,437 696,594
SHAREHOLDERS' FUNDS 1,931,228 2,055,514
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Belcher
Director
26 April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Belcher Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00835967 . The registered office is Waters Edge, Bagshot Road, Chobham, Surrey, GU24 8BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 including Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
2.3. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their fair value.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 3,552,942 24,315 284 3,577,541
Disposals (550,000 ) - - (550,000 )
As at 31 March 2024 3,002,942 24,315 284 3,027,541
Depreciation
As at 1 April 2023 - 23,938 284 24,222
Provided during the period - 75 - 75
As at 31 March 2024 - 24,013 284 24,297
Net Book Value
As at 31 March 2024 3,002,942 302 - 3,003,244
As at 1 April 2023 3,552,942 377 - 3,553,319
Cost or valuation as at 31 March 2024 represented by:
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
At cost 3,002,942 24,315 284 3,027,541
3,002,942 24,315 284 3,027,541
As at 31 March 2023 the directors revalued the investment properties at a fair value of £3,002,942
(2023 - £3,552,942).
£
Valuation to 2001 - 1,108,615
Valuation in 2002 - 49,000
Valuation in 2003 - 152,000
Valuation in 2004 - 690,000 
Valuation in 2005 - 19,000
Valuation in 2006 - 13,983
Valuation in 2007 - 75,000
Valuation in 2008 - (171,000)
Valuation in 2014 - 95,300
Valuation in 2015 - 31,000
Valuation in 2016 - 74,600
Valuation in 2017 - (30,458)
Valuation in 2024-(550,000) -Due to a disposal
Costs - £1,197,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 4,000
Other debtors 1,250 1,250
1,250 5,250
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 20,000 20,000
Corporation tax 24,239 32,099
Other taxes and social security - 800
Other creditors 13,042 13,042
Accruals and deferred income 14,217 16,550
Directors' loan accounts 14,500 13,700
85,998 96,191
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 735,000 1,160,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 74,160 38,000
The total dividends paid in the year was £74,160 (2023-£38,000).
Of the dividends £10,234 was paid to the directors in the year (2023: £6,165).
10. Ultimate Controlling Party
The company has no controlling party. The directors manage the company on behalf of the shareholders.
Page 5