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REGISTERED NUMBER: 11378739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BELLEROPHON CAPITAL MANAGEMENT LIMITED

BELLEROPHON CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 11378739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BELLEROPHON CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P Papanichola





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11378739 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BELLEROPHON CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 11378739)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,483 6,101
Investment property 4 555,918 555,918
560,401 562,019

CURRENT ASSETS
Debtors 5 71 1,237
Cash at bank 275,263 3,194
275,334 4,431
CREDITORS
Amounts falling due within one year 6 492,180 560,148
NET CURRENT LIABILITIES (216,846 ) (555,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,555

6,302

CREDITORS
Amounts falling due after more than one
year

7

330,428

-
NET ASSETS 13,127 6,302

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,126 6,301
13,127 6,302

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 24 February 2025 and were signed by:





P Papanichola - Director


BELLEROPHON CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 11378739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Turnover
Turnover represents the following types of income
Rental income
Income from the sale of properties

All income is recognised on a receivable basis.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 5,506 1,372 6,878
DEPRECIATION
At 1 June 2023 291 486 777
Charge for year 1,304 314 1,618
At 31 May 2024 1,595 800 2,395
NET BOOK VALUE
At 31 May 2024 3,911 572 4,483
At 31 May 2023 5,215 886 6,101

BELLEROPHON CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 11378739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 555,918
NET BOOK VALUE
At 31 May 2024 555,918
At 31 May 2023 555,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,000
Prepayments 71 237
71 1,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,621 -
Trade creditors 222 -
Directors' current accounts 470,446 556,283
Accruals and deferred income - 2,097
Accrued expenses 1,891 1,768
492,180 560,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 39,243 -
Bank loans - 2-5 years 58,864 -
Bank loans more 5 yr by instal 232,321 -
330,428 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 232,321 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, P Papanichola decreased his loan to the company. As at 31 May 2024, the company owed him £470,446 (2023: £556,283). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Papanichola.

This was by virtue of his 100% holding of the issued share capital.