Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-313letting of own real estateThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true32024-02-01falsetruefalse 11776920 2024-02-01 2025-01-31 11776920 2023-02-01 2024-01-31 11776920 2025-01-31 11776920 2024-01-31 11776920 c:Director1 2024-02-01 2025-01-31 11776920 d:FreeholdInvestmentProperty 2025-01-31 11776920 d:FreeholdInvestmentProperty 2024-01-31 11776920 d:CurrentFinancialInstruments 2025-01-31 11776920 d:CurrentFinancialInstruments 2024-01-31 11776920 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 11776920 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11776920 d:ShareCapital 2025-01-31 11776920 d:ShareCapital 2024-01-31 11776920 d:RetainedEarningsAccumulatedLosses 2025-01-31 11776920 d:RetainedEarningsAccumulatedLosses 2024-01-31 11776920 c:FRS102 2024-02-01 2025-01-31 11776920 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11776920 c:FullAccounts 2024-02-01 2025-01-31 11776920 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11776920 6 2024-02-01 2025-01-31 11776920 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 11776920










BELUTO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
BELUTO LIMITED
REGISTERED NUMBER: 11776920

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
732,550
732,550

  
732,650
732,650

Current assets
  

Debtors: amounts falling due within one year
 6 
293,298
274,829

Cash at bank and in hand
  
31,371
23,217

  
324,669
298,046

Creditors: amounts falling due within one year
 7 
(17,236)
(14,642)

Net current assets
  
 
 
307,433
 
 
283,404

  

Net assets
  
1,040,083
1,016,054


Capital and reserves
  

Called up share capital 
  
3,003
3,003

Profit and loss account
  
1,037,080
1,013,051

  
1,040,083
1,016,054


Page 1

 
BELUTO LIMITED
REGISTERED NUMBER: 11776920
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 29 April 2025.




B J Rice
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Beluto Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 11776920). Its registered office is 37 Petersfield Road, London, W3 8NY. The principal activity of the Company throughout the year continued to be that of the letting of own real estate.

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 Secion 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company's functional and presentation currency is pounds sterling.
The following principal accounting policies have been applied.

 
2.2

Revenue

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

  
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables and recievables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
 

Page 3

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed Company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings.


3.


Employees









The average monthly number of employees, including directors, during the year was 3 (2024 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2024
100



At 31 January 2025
100




Page 4

 
BELUTO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2024
732,550



At 31 January 2025
732,550

The 2025 valuations were made by the directors, on an open market value for existing use basis.

In the directors opinion, the property's market value is equal to its historical cost.




6.


Debtors

2025
2024
£
£


Amounts owed by related parties
290,016
274,739

Other debtors
2,782
-

Prepayments and accrued income
500
90

293,298
274,829



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
8,045
4,754

Other creditors
-
818

Accruals and deferred income
9,191
9,070

17,236
14,642


 
Page 5