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REGISTERED NUMBER: 13501011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Belpropshaw Limited

Belpropshaw Limited (Registered number: 13501011)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Belpropshaw Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Allen
A Mussarat
B G Eades
D W Tracey





REGISTERED OFFICE: Universal Square
Building 2, 3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 13501011 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Belpropshaw Limited (Registered number: 13501011)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 8,828,670 9,118,759
Debtors 4 2,786,089 3,364,388
Cash at bank and in hand 237,120 100
11,851,879 12,483,247
CREDITORS
Amounts falling due within one year 5 454,239 314,569
NET CURRENT ASSETS 11,397,640 12,168,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,397,640

12,168,678

CREDITORS
Amounts falling due after more than one
year

6

12,422,680

12,619,432
NET LIABILITIES (1,025,040 ) (450,754 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (1,025,140 ) (450,854 )
SHAREHOLDERS' FUNDS (1,025,040 ) (450,754 )

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:



Mrs C Allen - Director


Belpropshaw Limited (Registered number: 13501011)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Belpropshaw Limited 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,392 -
Net services chargers 55,726 45,071
Other debtors 900 6,530
Associated company loans 2,623,205 3,307,435
VAT - 5,352
Accruals 3,843 -
Prepayments 23,023 -
2,786,089 3,364,388

Belpropshaw Limited (Registered number: 13501011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 3,643
Trade creditors 63,316 102,759
VAT 64,814 -
Deposits 74,745 -
Deferred income 71,385 -
Accrued expenses 179,979 208,167
454,239 314,569

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,422,680 12,619,432

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (450,854 )
Deficit for the year (574,286 )
At 31 March 2024 (1,025,140 )