Registered No. OC336397 (England and Wales)
Belfield Capital LLP
Unaudited accounts
for the year ended 30 April 2024
Belfield Capital LLP
LLP Information
for the year ended 30 April 2024
Designated members
Mrs Fawzia Samad
Registered Number
OC336397 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Belfield Capital LLP
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
500
476
Creditors: amounts falling due within one year
(1,095)
(866)
Net current liabilities
(595)
(390)
Net (liabilities)/assets attributable to members
(7)
147
Loans and other debts due to members
(107)
47
Members' capital classified as equity
100
100
Loans and other debts due to members
(107)
47
Members' other interests
100
100
For the year ending 30 April 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 December 2024.
Mr Mian Yusuf Samad
Designated member
Limited Liability Partnership Registration No. OC336397
Belfield Capital LLP
Notes to the Accounts
for the year ended 30 April 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Belfield Capital LLP is a limited liability partnership, incorporated in England and Wales, registration number OC336397. Its registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
Belfield Capital LLP
Notes to the Accounts
for the year ended 30 April 2024
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security costs
1,095
866
5
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
(107)
47
Amounts falling due within one year
(107)
47
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).