Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseNo description of principal activity22truetruefalse 07400909 2023-11-01 2024-10-31 07400909 2022-11-01 2023-10-31 07400909 2024-10-31 07400909 2023-10-31 07400909 c:Director1 2023-11-01 2024-10-31 07400909 d:Buildings d:ShortLeaseholdAssets 2023-11-01 2024-10-31 07400909 d:Buildings d:ShortLeaseholdAssets 2024-10-31 07400909 d:Buildings d:ShortLeaseholdAssets 2023-10-31 07400909 d:FurnitureFittings 2023-11-01 2024-10-31 07400909 d:OfficeEquipment 2023-11-01 2024-10-31 07400909 d:OfficeEquipment 2024-10-31 07400909 d:OfficeEquipment 2023-10-31 07400909 d:ComputerEquipment 2023-11-01 2024-10-31 07400909 d:ComputerEquipment 2024-10-31 07400909 d:ComputerEquipment 2023-10-31 07400909 d:CurrentFinancialInstruments 2024-10-31 07400909 d:CurrentFinancialInstruments 2023-10-31 07400909 d:Non-currentFinancialInstruments 2024-10-31 07400909 d:Non-currentFinancialInstruments 2023-10-31 07400909 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07400909 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07400909 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 07400909 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 07400909 d:ShareCapital 2024-10-31 07400909 d:ShareCapital 2023-10-31 07400909 d:RetainedEarningsAccumulatedLosses 2024-10-31 07400909 d:RetainedEarningsAccumulatedLosses 2023-10-31 07400909 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 07400909 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 07400909 c:FRS102 2023-11-01 2024-10-31 07400909 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07400909 c:FullAccounts 2023-11-01 2024-10-31 07400909 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07400909 2 2023-11-01 2024-10-31 07400909 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number:  07400909














BELVEDERE SCHOOLS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


 
BELVEDERE SCHOOLS LTD
REGISTERED NUMBER: 07400909

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
19,748
26,026

Cash at bank and in hand
 6 
10,908
19,445

  
30,656
45,471

Creditors: amounts falling due within one year
 7 
(7,730)
(8,614)

Net current assets
  
 
 
22,926
 
 
36,857

Total assets less current liabilities
  
22,927
36,858

Creditors: amounts falling due after more than one year
 8 
(322,791)
(412,791)

  

Net liabilities
  
(299,864)
(375,933)


Capital and reserves
  

Called up share capital 
  
3,500
3,500

Profit and loss account
  
(303,364)
(379,433)

  
(299,864)
(375,933)


Page 1

 
BELVEDERE SCHOOLS LTD
REGISTERED NUMBER: 07400909
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2025.



W C Currie
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 07400909). The address of the registered office is 3rd Floor Castle Chambers, 43 Castle Street, Liverpool, L2 9SH.
These financial statements present information about the company as an individual undertaking; it is not a member of a group companies. The principal activity of the company is that of the provision of educational support services.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

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.

Page 3

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

S/Term Leasehold Property Improvements
-
period of the lease
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
33% 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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially
Page 4

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Short Term Leasehold Property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
38,134
5,523
39,662
83,319



At 31 October 2024

38,134
5,523
39,662
83,319



Depreciation


At 1 November 2023
38,134
5,523
39,661
83,318



At 31 October 2024

38,134
5,523
39,661
83,318



Net book value



At 31 October 2024
-
-
1
1



At 31 October 2023
-
-
1
1

Page 6

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
9,000
14,815

Other debtors
-
211

Prepayments and accrued income
10,748
11,000

19,748
26,026



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,908
19,445

10,908
19,445



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
8,614

Other taxation and social security
1,480
-

Accruals and deferred income
6,250
-

7,730
8,614



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
322,791
412,791

322,791
412,791


Page 7

 
BELVEDERE SCHOOLS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
10,908
19,445




Financial assets measured at fair value through profit or loss comprise of cash at bank.


10.


Related party transactions

Included in other creditors is an amount owed of £322,791 (2023 £412,791) to W C Currie, a director.


11.


Controlling party

The ultimate controlling party is C E and W C Currie.

 
Page 8