REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
BELLPARK DEVELOPMENTS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
BELLPARK DEVELOPMENTS LIMITED |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BELLPARK DEVELOPMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
105-111 Euston Street |
London |
NW1 2EW |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
ABRIDGED BALANCE SHEET |
31 AUGUST 2024 |
31/8/24 | 31/8/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 5 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve | 7 |
Retained earnings |
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. |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
ABRIDGED BALANCE SHEET - continued |
31 AUGUST 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
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. |
Investment property |
Investment properties are included at their fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST OR VALUATION |
At 1 September 2023 |
and 31 August 2024 | 3,295,000 |
NET BOOK VALUE |
At 31 August 2024 | 3,295,000 |
At 31 August 2023 | 3,295,000 |
Cost or valuation at 31 August 2024 is represented by: |
Totals |
£ |
Valuation in 2011 | 30,144 |
Valuation in 2014 | 512,500 |
Valuation in 2015 | 381,363 |
Valuation in 2016 | 53,947 |
Valuation in 2017 | 191,831 |
Valuation in 2018 | (185,824 | ) |
Valuation in 2019 | (78,826 | ) |
Valuation in 2020 | 13,300 |
Valuation in 2022 | (90,000 | ) |
Valuation in 2023 | 100,000 |
Cost | 2,366,565 |
3,295,000 |
BELLPARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04046378) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
If fixed investment properties had not been revalued they would have been included at the following historical cost: |
31/8/24 | 31/8/23 |
£ | £ |
Cost | 1,765,572 | 1,765,572 |
Fixed investment properties were valued on an open market basis on 31 August 2024 by John Manser, a member of MNAEA . |
The unlisted investments consist of investment properties. |
5. | PROVISIONS FOR LIABILITIES |
31/8/24 | 31/8/23 |
£ | £ |
Deferred tax | 329,226 | 329,226 |
Deferred |
tax |
£ |
Balance at 1 September 2023 |
Balance at 31 August 2024 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/24 | 31/8/23 |
value: | £ | £ |
Ordinary Shares | £1 | 2 | 2 |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 September 2023 |
and 31 August 2024 |