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Registration number: 12121946

Bellhouse Financial Services Limited

Report of the Directors and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Bellhouse Financial Services Limited

Contents of The Financial Statements
for the Year Ended 31 July 2024

 

Company Information

1

Accountants' Report

2 to 3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 10

 

Bellhouse Financial Services Limited

Company Information
for the Year Ended 31 July 2024

Director

Mr James Taylor

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates
Chartered Certified Accountants10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bellhouse Financial Services Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bellhouse Financial Services Limited for the year ended 31 July 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Bellhouse Financial Services Limited, as a body, in accordance with the terms of our engagement letter dated 25 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of Bellhouse Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Bellhouse Financial Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bellhouse Financial Services Limited and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Bellhouse Financial Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bellhouse Financial Services Limited. You consider that Bellhouse Financial Services Limited is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of Bellhouse Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bellhouse Financial Services Limited
for the Year Ended 31 July 2024

30 January 2025

 

Bellhouse Financial Services Limited

(Registration number: 12121946 )
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

10,995

23,273

Creditors: Amounts falling due within one year

5

(22,323)

(23,255)

Total assets less current liabilities

 

(11,328)

18

Creditors: Amounts falling due after more than one year

5

(31,875)

(31,875)

Net liabilities

 

(43,203)

(31,857)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(43,303)

(31,957)

Shareholders' deficit

 

(43,203)

(31,857)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

.........................................
Mr James Taylor
Director

 

Bellhouse Financial Services Limited

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Retained earnings
£

Total
£

At 1 August 2023

100

(31,957)

(31,857)

Loss for the year

-

(11,346)

(11,346)

At 31 July 2024

100

(43,303)

(43,203)

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

100

(21,248)

(21,148)

Loss for the year

-

(10,709)

(10,709)

At 31 July 2023

100

(31,957)

(31,857)

 

Bellhouse Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

These financial statements were authorised for issue by the director on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bellhouse Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

 

Bellhouse Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Debtors (continued)

Current

2024
£

2023
£

Other debtors

10,995

23,273

 

10,995

23,273

 

Bellhouse Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,625

5,625

Trade creditors

 

1,247

-

Taxation and social security

 

4,750

7,033

Accruals and deferred income

 

10,701

10,597

 

22,323

23,255

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

31,875

31,875

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,875

31,875

Current loans and borrowings

 

Bellhouse Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Loans and borrowings (continued)

2024
£

2023
£

Bank borrowings

5,625

5,625

8

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Repayments by director
£

At 31 July 2024
£

Mr James Taylor

Director Loan

17,565

(9,267)

8,298

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

Mr James Taylor

Director Loan

28,303

(10,738)

17,565

Director's remuneration