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REGISTERED NUMBER: 10113331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BELFAST GROUP LTD

BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BELFAST GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: N E Stern





REGISTERED OFFICE: 19A Belfast Road
London
N16 6UN





REGISTERED NUMBER: 10113331 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 914 1,075
Investment property 5 515,276 515,276
516,190 516,351

CURRENT ASSETS
Debtors 6 1,318,981 105,307
Cash at bank 242 260
1,319,223 105,567
CREDITORS
Amounts falling due within one year 7 (1,342,791 ) (101,671 )
NET CURRENT (LIABILITIES)/ASSETS (23,568 ) 3,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,622

520,247

CREDITORS
Amounts falling due after more than one
year

8

(586,164

)

(585,130

)
NET LIABILITIES (93,542 ) (64,883 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 (93,544 ) (64,885 )
SHAREHOLDERS' FUNDS (93,542 ) (64,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 director and authorised for issue on 29 January 2025 and were signed by:





N E Stern - Director


BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)

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

1. STATUTORY INFORMATION

Belfast Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 2,852
DEPRECIATION
At 1 May 2023 1,777
Charge for year 161
At 30 April 2024 1,938
NET BOOK VALUE
At 30 April 2024 914
At 30 April 2023 1,075

BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 515,276
NET BOOK VALUE
At 30 April 2024 515,276
At 30 April 2023 515,276

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,834 3,825
Other debtors 1,312,147 101,482
1,318,981 105,307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,342,791 101,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 543,974 543,974
Other creditors 42,190 41,156
586,164 585,130

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 543,974 543,974

BELFAST GROUP LTD (REGISTERED NUMBER: 10113331)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 543,974 543,974
Other loans 42,190 41,156
586,164 585,130

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £42,190 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 May 2023 (64,885 )
Deficit for the year (28,659 )
At 30 April 2024 (93,544 )

12. RELATED PARTY DISCLOSURES

Other Debtors (Note 6) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

Other Creditors (Note 7) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.