REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 |
FOR |
BELMONT HOLDINGS LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve | 10 |
Fair value reserve | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1st December 2023 |
and 30th November 2024 |
DEPRECIATION |
At 1st December 2023 |
Charge for year |
At 30th November 2024 |
NET BOOK VALUE |
At 30th November 2024 |
At 30th November 2023 |
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: |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
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 |
NET BOOK VALUE |
At 30th November 2024 |
At 30th November 2023 |
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 |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
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 | 2,331,198 |
Profit for the year |
At 30th November 2024 | 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. |