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REGISTERED NUMBER: 00358051 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

BELMONT HOLDINGS LIMITED

BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELMONT HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2024







DIRECTORS: J H Smith
A Smith





SECRETARY: J H Smith





REGISTERED OFFICE: Belmont Works
Belmont
Bolton
BL7 8BN





REGISTERED NUMBER: 00358051 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

BALANCE SHEET
30th November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,290 55,459
Investments 5 - -
Investment property 6 2,206,935 2,206,935
2,252,225 2,262,394

CURRENT ASSETS
Debtors 7 23,621 20,728
Cash at bank and in hand 472,099 458,630
495,720 479,358
CREDITORS
Amounts falling due within one year 8 (68,582 ) (63,905 )
NET CURRENT ASSETS 427,138 415,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,679,363

2,677,847

PROVISIONS FOR LIABILITIES (328,852 ) (331,174 )
NET ASSETS 2,350,511 2,346,673

CAPITAL AND RESERVES
Called up share capital 9 15,475 15,475
Capital redemption reserve 10 4,525 4,525
Fair value reserve 10 1,228,515 1,228,515
Retained earnings 10 1,101,996 1,098,158
SHAREHOLDERS' FUNDS 2,350,511 2,346,673

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

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

The directors acknowledge their 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.

BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

BALANCE SHEET - continued
30th November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2025 and were signed on its behalf by:





J H Smith - Director


BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

Belmont Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 00358051. The address of the registered office and principal place of business is Belmont Works, Belmont, Bolton, Lancashire, BL7 8BN.

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.

Preparation of consolidated financial statements
The financial statements contain information about Belmont Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover principally consists of income from the rental of residential properties to private tenants.

Tangible fixed assets
Tangible fixed assets 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 either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and Machinery-15% Straight Line
Fixtures and Fittings-10% - 25% Straight Line
Motor Vehicles-20% Straight Line

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.

Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st December 2023
and 30th November 2024 112,695 60,251 40,143 213,089
DEPRECIATION
At 1st December 2023 62,742 54,745 40,143 157,630
Charge for year 8,916 1,253 - 10,169
At 30th November 2024 71,658 55,998 40,143 167,799
NET BOOK VALUE
At 30th November 2024 41,037 4,253 - 45,290
At 30th November 2023 49,953 5,506 - 55,459

BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Belmont Bleaching & Dyeing Company limited
Registered office: England and Wales
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 99.99

As the company is dormant the investment has been fully written off.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2023
and 30th November 2024 2,206,935
NET BOOK VALUE
At 30th November 2024 2,206,935
At 30th November 2023 2,206,935

The fair value of the investment property has been determined by the director of the company, on an open market value for existing use basis. The valuation has been based on the director's knowledge of the portfolio of investment properties taking account of the geographical locations and their estimated rental value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,903 15,108
Other debtors 5,718 5,620
23,621 20,728

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,732 7,220
Other creditors 56,850 56,685
68,582 63,905

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,475 Ordinary shares £1.00 15,475 15,475

BELMONT HOLDINGS LIMITED (REGISTERED NUMBER: 00358051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024


10. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1st December 2023 1,098,158 4,525 1,228,515 2,331,198
Profit for the year 3,838 3,838
At 30th November 2024 1,101,996 4,525 1,228,515 2,335,036

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Julian Smith by virtue of their majority shareholding in D H Smith Limited, the ultimate parent company of Belmont Holdings Limited.