Belgravia Properties Limited 31/03/2025 iXBRL

Company registration number: 04082505

Belgravia Properties Limited

Trading as Belgravia Properties Limited

Unaudited filleted abridged financial statements

31 March 2025

Belgravia Properties Limited

Contents

Directors and other information

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Belgravia Properties Limited

Directors and other information


	Director	Mr. Darren Secunda


	Secretary	Mrs. S. Secunda


	Company number	04082505


	Registered office	8-14 Church Road
		Stanmore
		HA7 4AW


	Business address	5 Penta Court
		Station Road
		Borehamwood
		WD6 1SL


	Accountants	Michael King & CO
		Suite 4, Stanmore Towers
		8-14 Church Road
		Stanmore
		Middlesex
		HA7 4AW




	Bankers	Natwest

		Barclays

Belgravia Properties Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,495,658		3,496,406
Investments	6	1		1
		_______		_______
			3,495,659		3,496,407

Current assets
Debtors		124,623		95,526
Cash at bank and in hand		225,650		233,349
		_______		_______
		350,273		328,875
Creditors: amounts falling due
within one year		( 37,469)		( 14,863)
		_______		_______
Net current assets			312,804		314,012
			_______		_______
Total assets less current liabilities			3,808,463		3,810,419

Creditors: amounts falling due
after more than one year			( 964,250)		( 964,250)
			_______		_______
Net assets			2,844,213		2,846,169
			_______		_______

Capital and reserves
Called up share capital			2		2
Revaluation reserve			2,633,702		2,633,702
Profit and loss account			210,509		212,465
			_______		_______
Shareholders funds			2,844,213		2,846,169
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444 Companies Act 2006

These financial statements were approved by the board of directors and authorised for issue on 05 November 2025 , and are signed on behalf of the board by:

Mr. Darren Secunda

Director

Company registration number: 04082505

Belgravia Properties Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	2	2,628,702	322,383	2,951,087

Profit/(loss) for the year			( 19,918)	( 19,918)
Other comprehensive income for the year:
Revaluation of tangible assets		5,000		5,000
	_______	_______	_______	_______
Total comprehensive income for the year	-	5,000	( 19,918)	( 14,918)

Dividends paid and payable			( 90,000)	( 90,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 90,000)	( 90,000)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	2	2,633,702	212,465	2,846,169

Profit/(loss) for the year			34,044	34,044
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	34,044	34,044

Dividends paid and payable			( 36,000)	( 36,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 36,000)	( 36,000)

	_______	_______	_______	_______
At 31 March 2025	2	2,633,702	210,509	2,844,213
	_______	_______	_______	_______

Belgravia Properties Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Suite 4, Stanmore Towers, 8-14 Church Road, Stanmore, HA7 4AW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold Property	-	0%
Computer Equipment	-	25 %	straight line
Fixtures Fittings and Equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: Nil).

5. Tangible assets


		£
	Cost
	At 1 April 2024	3,524,387
	Additions	572
	Disposals	( 28,468)
		_______
	At 31 March 2025	3,496,491
		_______
	Depreciation
	At 1 April 2024	27,982
	Charge for the year	1,319
	Disposals	( 28,468)
		_______
	At 31 March 2025	833
		_______
	Carrying amount
	At 31 March 2025	3,495,658
		_______
	At 31 March 2024	3,496,405
		_______

6. Investments


		£
	Cost
	At 1 April 2024 and 31 March 2025	1
		_______
	Impairment
	At 1 April 2024 and 31 March 2025	-
		_______
	Carrying amount
	At 31 March 2025	1
		_______
	At 31 March 2024	1
		_______

7. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. Darren Secunda	68,009	56,500	( 37,932)	86,577
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. Darren Secunda	180,063	125,009	( 237,063)	68,009
		_______	_______	_______	_______

8. Controlling party

Darren Secunda is the sole director and 50% shareholder. Sandra Secunda is the other 50% shareholder.