REGISTERED NUMBER: 02943467 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BELLEIL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J F Carter

M E Collier

A M Carter

J M Collier

SECRETARY:

M E Collier

REGISTERED OFFICE:

Pear Tree Cottage

Pear Tree Lane

Euxton

Chorley

PR7 6DU

REGISTERED NUMBER:

02943467 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Royal Bank of Scotland

NOE Corporate Banking Centre 1

Ashton House

PO Box 666

Waterloo Street

Bolton

BL1 8FH

FIXED ASSETS

Tangible assets

4

1,362,500

1,362,500

Investments

5

825,723

797,661

2,188,223

2,160,161

CURRENT ASSETS

Debtors

6

29,030

27,417

Cash at bank and in hand

530,734

588,168

559,764

615,585

CREDITORS

Amounts falling due within one year

7

178,990

184,806

NET CURRENT ASSETS

380,774

430,779

TOTAL ASSETS LESS CURRENT LIABILITIES

2,568,997

2,590,940

PROVISIONS FOR LIABILITIES

76,970

76,970

NET ASSETS

2,492,027

2,513,970

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

573,149

545,087

Retained earnings

1,918,778

1,968,783

SHAREHOLDERS' FUNDS

2,492,027

2,513,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

A M Carter - Director

1.	STATUTORY INFORMATION

Belleil 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the rents due for the year.

Tangible fixed assets

In accordance with FRS 102, the investment properties are held on the balance sheet at open market value. They will be revalued whenever the directors deem appropriate, with the appropriate surplus or deficit being transferred to a revaluation reserve. No depreciation is provided in respect of the investment property. This departure from the requirements of the Companies Act 2006, which requires all fixed assets which have a limited useful economic life to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. If depreciation were to be provided, this would amount to a charge of 2% on the cost of the assets.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Valuation of investments

All investments are valued at their market value at the year end determined as follows:

Listed securities are valued at mid-market value ruling at the balance sheet date.

Unit trust or managed fund investments are stated at the mid-point of the latest prices quoted by the managers prior to the year end.

Unlisted securities are valued at by the investment managers, having due regard to latest dealings, professional valuation, asset values and other appropriate financial information.

Investments held in foreign currencies have been valued on the relevant basis and translated into sterling at the ruling rate at the balance sheet date. Exchange gains and losses arising on translation are included as part of the change of market value in the investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

285,000

1,077,500

1,362,500

NET BOOK VALUE

At 31 March 2025

285,000

1,077,500

1,362,500

At 31 March 2024

285,000

1,077,500

1,362,500

Cost or valuation at 31 March 2025 is represented by:

Freehold

Long

property

leasehold

Totals

£

£

£

Valuation in 2004

-

101,394

101,394

Valuation in 2007

109,599

307,500

417,099

Cost

175,401

668,606

844,007

285,000

1,077,500

1,362,500

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

175,401

175,401

Freehold land and buildings were valued on an open market basis on 5 January 2007 by GVA Grimley LLP .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

797,661

Revaluations

28,062

At 31 March 2025

825,723

NET BOOK VALUE

At 31 March 2025

825,723

At 31 March 2024

797,661

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,160

21,547

Other debtors

5,870

5,870

29,030

27,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation Tax

14,002

11,284

VAT

4,055

6,305

Proposed dividends

120,000

120,000

Other creditors

26,816

28,852

Accrued expenses

14,117

18,365

178,990

184,806

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is no controlling party.