Bellgreave Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02056063 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BELLGREAVE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Moorhouse

A J Moorhouse

REGISTERED OFFICE:

6 Bellgreave Avenue

New Mill

Holmfirth

West Yorkshire

HD9 7DP

REGISTERED NUMBER:

02056063 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Sreet

Hebden Bridge

HX7 6AD

FIXED ASSETS

Tangible assets

4

6,034

18,820

Investment property

5

1,500,000

1,506,034

1,518,820

CURRENT ASSETS

Debtors

6

13,382

17,022

Cash at bank

2,849

2,126

16,231

19,148

CREDITORS

Amounts falling due within one year

7

131,624

124,725

NET CURRENT LIABILITIES

(115,393

)

(105,577

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,390,641

1,413,243

CREDITORS

Amounts falling due after more than
one year

8

(3,334

)

(11,351

)

PROVISIONS FOR LIABILITIES

10

(110,114

)

(113,310

)

NET ASSETS

1,277,193

1,288,582

CAPITAL AND RESERVES

Called up share capital

11

195,000

Share premium

156,000

Fair value reserve

12

711,996

Retained earnings

214,197

225,586

SHAREHOLDERS' FUNDS

1,277,193

1,288,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd September 2025 and were signed on its behalf by:

A J Moorhouse - Director

1.	STATUTORY INFORMATION

Bellgreave Properties 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.

Tangible fixed assets

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

Plant and machinery

-

over 10 years

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 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2024

and 31st December 2024

127,861

DEPRECIATION

At 1st January 2024

109,041

Charge for year

12,786

At 31st December 2024

121,827

NET BOOK VALUE

At 31st December 2024

6,034

At 31st December 2023

18,820

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

1,500,000

NET BOOK VALUE

At 31st December 2024

1,500,000

At 31st December 2023

1,500,000

Included in fair value of investment property is freehold land of £ 230,055 (2023 - £ 230,055 ) which is not depreciated.

Fair value at 31st December 2024 is represented by:

£

Valuation in 2015

720,602

Valuation in 2016

100,000

Cost

679,398

1,500,000

Investment properties were valued on a fair value basis on 31 December 2024 by the directors, they are of the opinion that the fair value of the investment property was £1,500,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

2,220

Other debtors

3,269

5,010

VAT

413

192

Prepayments and accrued income

9,700

9,600

13,382

17,022

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

8,017

15,760

Trade creditors

6,093

7,823

Tax

13,073

9,160

Other creditors

47,372

47,978

Directors' current accounts

25,498

22,498

Accrued expenses

31,571

21,506

131,624

124,725

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

3,334

8,017

Bank loans - 2-5 years

-

3,334

11,351

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

11,351

27,111

Sums due to Lloyds Bank Plc are secured by a fixed and floating charge over the whole undertaking and all property and assets.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

110,114

113,310

Deferred

tax

£

Balance at 1st January 2024

113,310

Credit to Income Statement during year

(3,196

)

Balance at 31st December 2024

110,114

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

65,000

Ordinary A

£1

65,000

Ordinary B

£1

65,000

Ordinary C

£1

65,000

195,000

12.

RESERVES

Fair

value

reserve

£

At 1st January 2024

and 31st December 2024

711,996

13.	OTHER FINANCIAL COMMITMENTS

The company has given and received cross guarantees with its bankers in respect of the facilities made available to J. M. Pearce Displays (Huddersfield) Limited and Moorhouse Sheet Metals Limited.

At the balance sheet date both companies owed its bankers £29,614 (2023 -£98,411)

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the directors .

During the year the company was charged £10,000 (2023 - £10,000) by a company in which the directors are also directors.