Company registration number 11991582 (England and Wales)
BELLSURE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
BELLSURE HOLDINGS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
BELLSURE HOLDINGS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. R J Freeman
Mr. R C Freeman
Company number
11991582
Registered office
Unit A Quedgeley West Business Park
Bristol Road
Hardwick
Gloucester
Gloucestershire
GL2 4PA
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
BELLSURE HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
4,694,781
4,694,781
Current assets
Debtors
4
449,900
311,281
Cash at bank and in hand
15
-
0
449,915
311,281
Creditors: amounts falling due within one year
5
(151,208)
(6,062)
Net current assets
298,707
305,219
Total assets less current liabilities
4,993,488
5,000,000
Capital and reserves
Called up share capital
10
10
Equity reserve
3,749,992
4,999,990
Capital contribution reserve
1,249,998
-
0
Profit and loss reserves
(6,512)
-
0
Total equity
4,993,488
5,000,000
BELLSURE HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 January 2025 and are signed on its behalf by:
Mr. R C Freeman
Director
Company Registration No. 11991582
The notes on pages 4 to 6 form part of these financial statements
BELLSURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Bellsure Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit A Quedgeley West Business Park, Bristol Road, Hardwick, Gloucester, Gloucestershire, GL2 4PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

BELLSURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees
2023
2022
Number
Number
Total
-
0
-
0

Excluding the directors, there are no employees of the company.

3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
4,694,781
4,694,781
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
449,900
311,281
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
151,208
6,062
6
Loan notes

The company previously issued instruments of 499,999,000 1p convertible loan notes, of which 124,999,800 were released in August 2023. Accordingly the equity reserve in relation to these instruments has been released to the capital contribution reserve.

 

 

 

 

BELLSURE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
7
Related party transactions

In accordance with Section 33.1A of FRS102 the company has taken exemption from disclosing transactions between members of wholly owned group.

 

The company previously issued instruments of 499,999,000 1p convertible loan notes, of which 124,999,800 were released in August 2023. Accordingly the equity reserve in relation to these instruments has been released to the capital contribution reserve.

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