Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05479180 2023-07-01 2024-06-30 05479180 2022-07-01 2023-06-30 05479180 2024-06-30 05479180 2023-06-30 05479180 c:Director2 2023-07-01 2024-06-30 05479180 d:FurnitureFittings 2023-07-01 2024-06-30 05479180 d:FurnitureFittings 2024-06-30 05479180 d:FurnitureFittings 2023-06-30 05479180 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05479180 d:FreeholdInvestmentProperty 2024-06-30 05479180 d:FreeholdInvestmentProperty 2023-06-30 05479180 d:CurrentFinancialInstruments 2024-06-30 05479180 d:CurrentFinancialInstruments 2023-06-30 05479180 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05479180 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05479180 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05479180 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05479180 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 05479180 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 05479180 d:ShareCapital 2024-06-30 05479180 d:ShareCapital 2023-06-30 05479180 d:RetainedEarningsAccumulatedLosses 2024-06-30 05479180 d:RetainedEarningsAccumulatedLosses 2023-06-30 05479180 c:FRS102 2023-07-01 2024-06-30 05479180 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05479180 c:FullAccounts 2023-07-01 2024-06-30 05479180 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05479180 2 2023-07-01 2024-06-30 05479180 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05479180









BELGRAVE LAND (PERTH) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BELGRAVE LAND (PERTH) LIMITED
REGISTERED NUMBER: 05479180

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
916
-

Investment property
 5 
6,950,000
6,950,000

  
6,950,916
6,950,000

Current assets
  

Debtors: amounts falling due within one year
 6 
356,577
390,306

Cash at bank and in hand
 7 
30,746
125,183

  
387,323
515,489

Creditors: amounts falling due within one year
 8 
(538,688)
(468,647)

Net current (liabilities)/assets
  
 
 
(151,365)
 
 
46,842

Total assets less current liabilities
  
6,799,551
6,996,842

Creditors: amounts falling due after more than one year
  
(5,978,441)
(6,289,194)

  

Net assets
  
821,110
707,648


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
821,107
707,645

  
821,110
707,648


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
BELGRAVE LAND (PERTH) LIMITED
REGISTERED NUMBER: 05479180
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R D Swaine
Director

Date: 3 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BELGRAVE LAND (PERTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Belgrave Land (Perth) Limited is a company limited by shares incorporated within the United Kingdom. The address of the registered office is Radius House, First Floor, 51 Clarendon Road, Watford, Herts, WD17 1HP.  
The company's principal activity is property investments. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BELGRAVE LAND (PERTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BELGRAVE LAND (PERTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,145



At 30 June 2024

1,145



Depreciation


Charge for the year on owned assets
229



At 30 June 2024

229



Net book value



At 30 June 2024
916



At 30 June 2023
-

Page 5

 
BELGRAVE LAND (PERTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
6,950,000



At 30 June 2024
6,950,000


Comprising


Cost
6,950,000

At 30 June 2024
6,950,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2024
2023
£
£


Trade debtors
10,236
14,387

Other debtors
346,341
375,919

356,577
390,306



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,746
125,183

30,746
125,183


Page 6

 
BELGRAVE LAND (PERTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
334,086
229,209

Trade creditors
19,174
384

Corporation tax
37,516
49,029

Other taxation and social security
30,395
36,412

Other creditors
7,244
38,585

Accruals and deferred income
110,273
115,028

538,688
468,647



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
334,086
229,209


334,086
229,209



Amounts falling due after more than 5 years

Bank loans
5,978,441
6,289,194

5,978,441
6,289,194

6,312,527
6,518,403



10.


Related party transactions

At the balance sheet date the company had balances totalling £257,250 (2023: £237,250) due from related parties. During the year the company wrote off balances totalling £Nil (2023: £120,000). 

 
Page 7