REGISTERED NUMBER: 04073994 (England and Wales)

Financial Statements

for the Year Ended 30 September 2024

for

Belwell Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Yorke-Brooks

Ms C B Ecroyd

SECRETARY:

C E Yorke-Brooks

REGISTERED OFFICE:

Oriel House

2 - 8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

04073994 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2/8 Oriel Road

Bootle

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

41,722

64,351

CURRENT ASSETS

Debtors

5

36,735

57,990

Cash at bank

335,338

241,325

372,073

299,315

CREDITORS

Amounts falling due within one year

6

477,370

354,360

NET CURRENT LIABILITIES

(105,297

)

(55,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(63,575

)

9,306

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

(64,575

)

8,306

SHAREHOLDERS' FUNDS

(63,575

)

9,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:

G S Yorke-Brooks - Director

1.	STATUTORY INFORMATION

Belwell Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents management fees received from associated companies.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 25% on reducing balance

Computer equipment - 25% on reducing balance

Plant & machinery - 25% on reducing balance

Motor vehicles - 20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

5,066

32,202

49,500

29,342

116,110

Additions

311

1,988

-

242

2,541

Disposals

(3,432

)

(15,861

)

-

(3,828

)

(23,121

)

At 30 September 2024

1,945

18,329

49,500

25,756

95,530

DEPRECIATION

At 1 October 2023

2,262

18,891

10,269

20,337

51,759

Charge for year

717

3,566

7,846

2,472

14,601

Eliminated on disposal

(1,330

)

(9,131

)

-

(2,091

)

(12,552

)

At 30 September 2024

1,649

13,326

18,115

20,718

53,808

NET BOOK VALUE

At 30 September 2024

296

5,003

31,385

5,038

41,722

At 30 September 2023

2,804

13,311

39,231

9,005

64,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

18,966

10,020

Directors' loan accounts

-

43,519

Tax

-

3,449

Deferred tax asset

17,670

906

Prepayments

99

96

36,735

57,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other creditors

41,840

41,646

Inter Company creditor

398,515

307,752

Directors' loan accounts

31,060

-

Accrued expenses

5,955

4,962

477,370

354,360

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

G S Yorke-Brooks

Balance outstanding at start of year

43,520

53,299

Amounts advanced

123,239

90,854

Amounts repaid

(166,759

)

(100,633

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

43,520