Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28false32024-03-013No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04160262 2024-03-01 2025-02-28 04160262 c:KeyManagementIndividualGroup3 2024-03-01 2025-02-28 04160262 c:KeyManagementIndividualGroup2 2024-03-01 2025-02-28 04160262 c:KeyManagementIndividualGroup1 2024-03-01 2025-02-28 04160262 2023-03-01 2024-02-29 04160262 2025-02-28 04160262 c:KeyManagementIndividualGroup3 c:OtherTransactionType3 2025-02-28 04160262 c:KeyManagementIndividualGroup2 c:OtherTransactionType2 2025-02-28 04160262 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2025-02-28 04160262 2024-02-29 04160262 d:Director1 2024-03-01 2025-02-28 04160262 c:CurrentFinancialInstruments 2025-02-28 04160262 c:CurrentFinancialInstruments 2024-02-29 04160262 c:CurrentFinancialInstruments c:WithinOneYear 2025-02-28 04160262 c:CurrentFinancialInstruments c:WithinOneYear 2024-02-29 04160262 c:ShareCapital 2025-02-28 04160262 c:ShareCapital 2024-02-29 04160262 c:RetainedEarningsAccumulatedLosses 2025-02-28 04160262 c:RetainedEarningsAccumulatedLosses 2024-02-29 04160262 d:FRS102 2024-03-01 2025-02-28 04160262 d:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04160262 d:FullAccounts 2024-03-01 2025-02-28 04160262 d:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04160262 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Registered number: 04160262





BELSIZE DEVELOPMENTS LTD.



UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
BELSIZE DEVELOPMENTS LTD.
REGISTERED NUMBER:04160262

BALANCE SHEET
AS AT 28 FEBRUARY 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
309,606
294,083

Cash at bank and in hand
  
2,942
16,961

  
312,548
311,044

Creditors: amounts falling due within one year
 5 
(129,794)
(129,212)

Net current assets
  
 
 
182,754
 
 
181,832

Total assets less current liabilities
  
182,754
181,832

  

Net assets
  
182,754
181,832


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
182,744
181,822

  
182,754
181,832


Page 1

 
BELSIZE DEVELOPMENTS LTD.
REGISTERED NUMBER:04160262
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 comprehensive income 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 by: 




................................................
Mr A Scibelli
Director

Date: 16 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BELSIZE DEVELOPMENTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Belsize Developments Ltd. (“the Company”) is a private company limited by shares incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information.
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

 
2.4

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.

Page 3

 
BELSIZE DEVELOPMENTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

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 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.

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.

Page 4

 
BELSIZE DEVELOPMENTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.6

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.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.



3.


Employees

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


4.


Debtors

2025
2024
£
£


Other debtors
309,606
294,083


Page 5

 
BELSIZE DEVELOPMENTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
552
-

Corporation tax
216
186

Other creditors
127,318
127,318

Accruals and deferred income
1,708
1,708

129,794
129,212



6.


Related party transactions

The company is owed money from Walton Retail Park Limited totalling £289,078 (2024: £289,078). Walton Retail Park Limited is a company in which Mr A Scibelli is a director. This amount is included within other debtors.
The company is also owed money from Kirkgate Retail Limited totalling £5,000 (2024: £5,000). Kirkgate Retail Limited is a company in which Mr A Scibelli is a director and shareholder. This amount is included within other debtors.
The company is also owed money from A&T Scibelli trading as Walton Retail Park totalling £15,500 (2024: £nil). A&T Scibelli trading as Walton Retail Park is a partnership in which Mr A Scibelli is a partner. This amount is included within other debtors.
The company owes money to Papa Luigi (Franchise) 1990 Limited totalling £84,250 (2024: £84,250). Papa Luigi (Franchise) 1990 Limited is a company in which Mr A Scibelli is a director. This amount is included within other creditors.
Included within other creditors is a balance due to Mrs D Mattera of £43,067 (2024: £43,067), a shareholder of the company.
The above balances are unsecured, interest free and repayable on demand.

 
Page 6