REGISTERED NUMBER: 02813610 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Belvista Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

-

557

Investments

5

404,302

398,254

Investment property

6

1,500,000

1,500,000

1,904,302

1,898,811

Current assets

Debtors

7

10

-

Cash at bank

149,040

145,275

149,050

145,275

Creditors

Amounts falling due within one year

8

49,236

48,866

Net current assets

99,814

96,409

Total assets less current liabilities

2,004,116

1,995,220

Provisions for liabilities

263,562

263,701

Net assets

1,740,554

1,731,519

Capital and reserves

Called up share capital

9

156,000

156,000

Revaluation reserve

1,008,994

1,008,855

Retained earnings

575,560

566,664

Shareholders' funds

1,740,554

1,731,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 March 2025 and were signed on its behalf by:

C A Gray - Director

1.	Statutory information

Belvista Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02813610

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

29,711

5,327

35,038

Depreciation

At 1 January 2024

29,711

4,770

34,481

Charge for year

-

557

557

At 31 December 2024

29,711

5,327

35,038

Net book value

At 31 December 2024

-

-

-

At 31 December 2023

-

557

557

5.	Fixed asset investments

Listed

investments

£

Cost or valuation

At 1 January 2024

398,254

Additions

94,395

Disposals

(60,952

)

Revaluations

(27,395

)

At 31 December 2024

404,302

Net book value

At 31 December 2024

404,302

At 31 December 2023

398,254

Cost or valuation at 31 December 2024 is represented by:

Listed

investments

£

Valuation in 2024

(45,270

)

Cost

449,572

404,302

6.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

1,500,000

Net book value

At 31 December 2024

1,500,000

At 31 December 2023

1,500,000

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Prepayments and accrued income

10

-

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Corporation tax

4,625

6,076

Other creditors

2,271

2,271

Directors' current accounts

40,250

38,430

Accruals and deferred income

2,090

2,089

49,236

48,866

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

156,000

Ordinary

£1

156,000

156,000

10.	Ultimate controlling party

The ultimate controlling party is C A Gray.