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Registration number: 14078386

Bellot Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Bellot Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bellot Developments Limited

Company Information

Director:

Mr Antoine Dixon-Bellot

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

14078386

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Bellot Developments Limited

(Registration number: 14078386)
Balance Sheet as at 30 April 2024

Note

30.04.24

30.04.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

722,310

 

659,563

CURRENT ASSETS

   

 

Cash at bank and in hand

 

1

 

29

 

CREDITORS

   

 

Creditors within 1yr

5

752,785

 

670,349

 

Net current liabilities

   

(752,784)

 

(670,320)

Net liabilities

   

(30,474)

 

(10,757)

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

(30,574)

 

(10,857)

Shareholders' deficit

   

(30,474)

 

(10,757)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024

.........................................
Mr Antoine Dixon-Bellot
Director

 

Bellot Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1.

General information

The company is a private company limited by share capital, incorporated in England ans Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 31 October 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bellot Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Bellot Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4.

Tangible assets

Properties under construction
 £

Total
£

Cost or valuation

At 1 May 2023

659,563

659,563

Additions

62,747

62,747

At 30 April 2024

722,310

722,310

Depreciation

Carrying amount

At 30 April 2024

722,310

722,310

At 30 April 2023

659,563

659,563

5.

Creditors

Creditors: amounts falling due within one year

Note

30.04.24
£

30.04.23
£

Due within one year

 

Loans and borrowings

6

570,126

286,190

Accruals and deferred income

 

4,800

2,400

Other creditors

 

177,859

381,759

 

752,785

670,349

No interest or repayment terms have been set on the loan from the director of £22,310 and loan from the related parties of £155,550 included in other creditors.

6.

Loans and borrowings

30.04.24
£

30.04.23
£

Current loans and borrowings

Bank borrowings

570,126

286,190