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REGISTERED NUMBER: 04267798 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

BELLECITY LTD

BELLECITY LTD (REGISTERED NUMBER: 04267798)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


BELLECITY LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr S Mucklow





REGISTERED OFFICE: Unit 1 Loughton Business Centre
5 Langston Road
Loughton
Essex
IG10 3FL





REGISTERED NUMBER: 04267798 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

BELLECITY LTD (REGISTERED NUMBER: 04267798)

Balance Sheet
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 4,585,515 4,585,515
Debtors 5 2,010,000 1,735,000
Cash at bank 37,421 233,950
6,632,936 6,554,465
CREDITORS
Amounts falling due within one year 6 (4,980,877 ) (5,021,630 )
NET CURRENT ASSETS 1,652,059 1,532,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,652,060

1,532,836

CREDITORS
Amounts falling due after more than one
year

7

(17,860

)

(27,689

)
NET ASSETS 1,634,200 1,505,147

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,634,199 1,505,146
SHAREHOLDERS' FUNDS 1,634,200 1,505,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BELLECITY LTD (REGISTERED NUMBER: 04267798)

Balance Sheet - continued
31 JANUARY 2024


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 director and authorised for issue on 29 October 2024 and were signed by:





Mr S Mucklow - Director


BELLECITY LTD (REGISTERED NUMBER: 04267798)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Bellecity Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 28,689
DEPRECIATION
At 1 February 2023
and 31 January 2024 28,688
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 2,010,000 1,735,000

BELLECITY LTD (REGISTERED NUMBER: 04267798)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,583 9,583
Trade creditors 55,159 60,780
Taxation and social security 41,788 41,260
Other creditors 4,874,347 4,910,007
4,980,877 5,021,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 17,860 27,689

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 February 2023 1,505,146
Profit for the year 129,053
At 31 January 2024 1,634,199

10. RELATED PARTY DISCLOSURES

Mr S Mucklow is also a director of SGB Venture Holding Ltd (formally Local Boy'z Holdings Limited). As at 31st January 2024 a loan of £4,382,448 (2023: £4,382,448 ) was owed to SGB Venture Holding Limited.

Mr S Mucklow is the controlling party of Local Boy'z Group Holdings Ltd. At 31st January 2024 the company
was owed £1,150,000 (2023 £1,150,000) by Local Boy'z Group Holding Ltd.

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the director, Mr S Mucklow.