Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 8491829 2023-05-01 2024-04-30 8491829 2022-05-01 2023-04-30 8491829 2024-04-30 8491829 2023-04-30 8491829 c:Director1 2023-05-01 2024-04-30 8491829 d:MotorVehicles 2023-05-01 2024-04-30 8491829 d:MotorVehicles 2024-04-30 8491829 d:MotorVehicles 2023-04-30 8491829 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 8491829 d:FurnitureFittings 2023-05-01 2024-04-30 8491829 d:FurnitureFittings 2024-04-30 8491829 d:FurnitureFittings 2023-04-30 8491829 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 8491829 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 8491829 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 8491829 d:FreeholdInvestmentProperty 2024-04-30 8491829 d:FreeholdInvestmentProperty 2023-04-30 8491829 d:CurrentFinancialInstruments 2024-04-30 8491829 d:CurrentFinancialInstruments 2023-04-30 8491829 d:Non-currentFinancialInstruments 2024-04-30 8491829 d:Non-currentFinancialInstruments 2023-04-30 8491829 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 8491829 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 8491829 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 8491829 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 8491829 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 8491829 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 8491829 d:ShareCapital 2024-04-30 8491829 d:ShareCapital 2023-04-30 8491829 d:RetainedEarningsAccumulatedLosses 2024-04-30 8491829 d:RetainedEarningsAccumulatedLosses 2023-04-30 8491829 c:FRS102 2023-05-01 2024-04-30 8491829 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 8491829 c:FullAccounts 2023-05-01 2024-04-30 8491829 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 8491829 2 2023-05-01 2024-04-30 8491829 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 8491829










BELGY PROPERTY SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
BELGY PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 8491829

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
44,417
-

Investment property
  
801,462
258,470

  
845,879
258,470

Current assets
  

Cash at bank and in hand
 6 
42,156
1,043

  
42,156
1,043

Creditors: amounts falling due within one year
 7 
(754,838)
(61,314)

Net current liabilities
  
 
 
(712,682)
 
 
(60,271)

Total assets less current liabilities
  
133,197
198,199

Creditors: amounts falling due after more than one year
 8 
(8,562)
(15,705)

  

Net assets
  
124,635
182,494


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
124,632
182,491

  
124,635
182,494


Page 1

 
BELGY PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 8491829

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.




A. Brandajs
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BELGY PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by shares and was incorporated in England & Wales.  The registered office is:
Kingsridge House
601 London Road
Westcliff on sea
Essex.
SS0 9PE
The company registered number is 8491829.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BELGY PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as per the below..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BELGY PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

2024
2023
£
£

Wages and salaries
20,486
7,843

Social security costs
214
-

20,700
7,843


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
400
51,649
52,049



At 30 April 2024

400
51,649
52,049



Depreciation


Charge for the year on owned assets
92
7,540
7,632



At 30 April 2024

92
7,540
7,632



Net book value



At 30 April 2024
308
44,109
44,417



At 30 April 2023
-
-
-

Page 5

 
BELGY PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
258,470


Additions at cost
542,992



At 30 April 2024
801,462

The 2024 valuations were made by Alain Brandajs, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
750,000
237,500

750,000
237,500


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
42,156
1,043

42,156
1,043



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,143
6,966

Trade creditors
520
702

Other taxation and social security
-
92

Director's loan account
744,439
52,198

Accruals and deferred income
2,736
1,356

754,838
61,314


Page 6

 
BELGY PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,562
15,705

8,562
15,705



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,143
6,966


7,143
6,966


Amounts falling due 2-5 years

Bank loans
8,562
15,705


8,562
15,705


15,705
22,671



Page 7