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Company No: SC520890 (Scotland)

BELMORE HOUSE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

BELMORE HOUSE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

BELMORE HOUSE PROPERTIES LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
BELMORE HOUSE PROPERTIES LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 17,007
Investments 4 663,385 663,385
663,385 680,392
Current assets
Debtors 5 504 0
Cash at bank and in hand 6 5,256 209,616
5,760 209,616
Creditors: amounts falling due within one year 7 ( 2,534) ( 204,197)
Net current assets 3,226 5,419
Total assets less current liabilities 666,611 685,811
Creditors: amounts falling due after more than one year 8 ( 633,294) ( 658,642)
Net assets 33,317 27,169
Capital and reserves
Called-up share capital 9 96 96
Profit and loss account 33,221 27,073
Total shareholders' funds 33,317 27,169

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Belmore House Properties Limited (registered number: SC520890) were approved and authorised for issue by the Board of Directors on 15 April 2025. They were signed on its behalf by:

Paul Stevenson
Director
BELMORE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
BELMORE HOUSE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Belmore House Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 18 Walker Street, Edinburgh, EH3 7LP, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets,, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 December 2023 39,223 39,223
Disposals ( 39,223) ( 39,223)
At 30 November 2024 0 0
Accumulated depreciation
At 01 December 2023 22,216 22,216
Charge for the financial year 2,126 2,126
Disposals ( 24,342) ( 24,342)
At 30 November 2024 0 0
Net book value
At 30 November 2024 0 0
At 30 November 2023 17,007 17,007

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 December 2023 663,385 663,385
At 30 November 2024 663,385 663,385
Carrying value at 30 November 2024 663,385 663,385
Carrying value at 30 November 2023 663,385 663,385

5. Debtors

2024 2023
£ £
Other debtors 504 0

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 5,256 209,616

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 34 0
Other taxation and social security 0 1,296
Other creditors 2,500 202,901
2,534 204,197

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 633,294 658,642

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
300 A Ordinary shares shares of £ 0.01 each 3 3
300 B Ordinary shares shares of £ 0.01 each 3 3
3,000 C Ordinary shares shares of £ 0.01 each 30 30
3,000 D Ordinary shares shares of £ 0.01 each 30 30
3,000 E Ordinary shares shares of £ 0.01 each 30 30
96 96