REGISTERED NUMBER: 09748497 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BELVIDERE COURT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Ahmed

Dr S K Ahmed

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

09748497 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

1,144,623

1,164,211

CURRENT ASSETS

Debtors

5

1,239,345

1,695,249

Cash at bank

61,574

44,558

1,300,919

1,739,807

CREDITORS

Amounts falling due within one year

6

1,358,675

996,643

NET CURRENT (LIABILITIES)/ASSETS

(57,756

)

743,164

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,867

1,907,375

CREDITORS

Amounts falling due after more than one year

7

(1,007,724

)

(1,029,297

)

PROVISIONS FOR LIABILITIES

(16,345

)

-

NET ASSETS

62,798

878,078

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,698

877,978

62,798

878,078

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 30 September 2025 and were signed on its behalf by:

Dr S K Ahmed - Director

1.	STATUTORY INFORMATION

Belvidere Court Ltd 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.

Going concern

The directors have prepared the financial statements on the going concern basis and have considered the following factors in their assessment of going concern which they believe to be appropriate.

Until the end of June 2025, when the company's ultimate parent company, Armighorn Capital Limited ceased to become the controlling party, the company operated on a group-wide cash flow management model. Since this date,the directors took control of the company including the day to day running of the business. Despite showing a loss for the year, the company achieved positive working capital and maintained a positive balance sheet at the reporting date.

The directors have reviewed the forecasts which shows the company will generate adequate cash reserves for the foreseeable future with continued support from the directors and its main lender. The directors are satisfied that the company will continue its activities for a period of at least twelve months from the date of approving these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents fees receivable in respect of residential care services provided to residents.Turnover is recognised to the extent that performance occurs and is measured at fair value of the fees receivable. Fees not invoiced to residents by the balance sheet date are included in debtors as accrued income. Fees invoiced to residents in advance of future periods are included in creditors as deferred income.

Tangible fixed assets

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

Freehold property

-

1% on cost

Fixtures and fittings

-

15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand that are readily convertible to a known amount of cash and are subject to insignificant risk to changes in value. These are shown as current assets.

Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

Short term creditors, loans and borrowing

Short term creditors with no stated interest rate that are payable within one year are stated at transaction price. Any losses from impairment are recognised in the profit and loss account.

Bank loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2023 - 70 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

1,180,829

125,073

1,305,902

Additions

-

3,901

3,901

At 31 December 2024

1,180,829

128,974

1,309,803

DEPRECIATION

At 1 January 2024

92,352

49,339

141,691

Charge for year

11,808

11,681

23,489

At 31 December 2024

104,160

61,020

165,180

NET BOOK VALUE

At 31 December 2024

1,076,669

67,954

1,144,623

At 31 December 2023

1,088,477

75,734

1,164,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

94,882

162,791

Amounts owed by group undertakings

1,114,453

1,509,879

Other debtors

1,100

10,000

Prepayments and accrued income

28,910

12,579

1,239,345

1,695,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

54,448

82,181

Trade creditors

231,068

190,688

Amounts owed to group undertakings

-

24,397

Social security and other taxes

304,003

270,147

Other creditors

139,488

117,383

Directors' current accounts

607,185

37,708

Accrued expenses

22,483

274,139

1,358,675

996,643

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more than 1 year

54,448

87,145

Bank loans - 2-5 years

83,813

213,584

Bank loans more 5 yr by instal

869,463

728,568

1,007,724

1,029,297

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

869,463

728,568

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,062,172

1,111,478

Bank loan is secured by way of a floating charge against the freehold property.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Dr S K Ahmed

Balance outstanding at start of year

-

70,704

Amounts repaid

-

(70,704

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Where applicable interest is charged on the director's loan account at HMRC's official rate. In the year to 31 December 2024 interest of £Nil (2023: £1,925) was charged.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owes £2,000 (2023: £12,000) to a healthcare company which is controlled by one of the directors.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Armighorn Capital Limited.

After the year end. on 1 July 2025, Armighorn Capital Limited ceased to be the ultimate controlling party. On this date Belvidere Court Holdings Limited became the parent company of Belvidere Court Limited and, with that company being 100% owned by Dr S Ahmed, Dr S Ahmed became the ultimate controlling party.