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Registration number: 08391125

Belvedere Property Maintenance Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Belvedere Property Maintenance Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 13
iXBRL Detailed Profit and Loss Account | 14

Belvedere Property Maintenance Ltd

Company Information

Directors | Mrs Jane Elizabeth Roberts Mr Jeremy Roberts

Registered office | 6 Farm Close Broadfields Exeter Devon EX2 5PJ

Accountants | Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Belvedere Property Maintenance Ltd

Directors' Report for the Year Ended 28 February 2025

The directors present their report and the financial statements for the year ended 28 February 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs Jane Elizabeth Roberts

Mr Jeremy Roberts

Principal activity

The principal activity of the company is That of Property Maintenance

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 September 2025 and signed on its behalf by:

......................................... Mr Jeremy Roberts Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Belvedere Property Maintenance Ltd
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Belvedere Property Maintenance Ltd for the year ended 28 February 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Belvedere Property Maintenance Ltd, as a body, in accordance with the terms of our engagement letter dated 2 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of Belvedere Property Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Belvedere Property Maintenance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belvedere Property Maintenance Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Belvedere Property Maintenance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Belvedere Property Maintenance Ltd. You consider that Belvedere Property Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Belvedere Property Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Neil Wilson & Co Chartered Accountants
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

5 September 2025

Belvedere Property Maintenance Ltd

Profit and Loss Account for the Year Ended 28 February 2025

| Note | 2025 £ | 2024 £
Turnover |  | 62,904 | 64,758
Cost of sales |  | (4,405) | (16,814)
Gross profit |  | 58,499 | 47,944
Administrative expenses |  | (47,430) | (44,357)
Operating profit |  | 11,069 | 3,587
Interest payable and similar expenses |  | (975) | (445)
Profit before tax | 4 | 10,094 | 3,142
Tax on profit |  | (2,170) | (43)
Profit for the financial year |  | 7,924 | 3,099

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Belvedere Property Maintenance Ltd

Statement of Comprehensive Income for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Profit for the year | 7,924 | 3,099
Total comprehensive income for the year | 7,924 | 3,099

Belvedere Property Maintenance Ltd

(Registration number: 08391125)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 9,298 | 10,748
Current assets |  |  |
Debtors | 7 | 9,500 | 11,451
Cash at bank and in hand |  | 252 | 1,296
|  | 9,752 | 12,747
Creditors: Amounts falling due within one year | 8 | (17,837) | (22,206)
Net current liabilities |  | (8,085) | (9,459)
Net assets |  | 1,213 | 1,289
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Retained earnings |  | 1,211 | 1,287
Shareholders' funds |  | 1,213 | 1,289

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 6 September 2025 and signed on its behalf by:

......................................... Mr Jeremy Roberts Director

Belvedere Property Maintenance Ltd

Statement of Changes in Equity for the Year Ended 28 February 2025

| Share capital £ | Retained earnings £ | Total £
At 1 March 2024 | 2 | 1,287 | 1,289
Profit for the year | - | 7,924 | 7,924
Dividends | - | (8,000) | (8,000)
At 28 February 2025 | 2 | 1,211 | 1,213

| Share capital £ | Retained earnings £ | Total £
At 1 March 2023 | 2 | 188 | 190
Profit for the year | - | 3,099 | 3,099
Dividends | - | (2,000) | (2,000)
At 29 February 2024 | 2 | 1,287 | 1,289

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Farm Close
Broadfields
Exeter
Devon
EX2 5PJ
England

These financial statements were authorised for issue by the Board on 6 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance
Plant and machinery | 25% reducing balance
Office equipment | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 3,100 | 3,582

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 580 | 27,102 | 7,452 | 35,134
Additions | - | - | 1,650 | 1,650
At 28 February 2025 | 580 | 27,102 | 9,102 | 36,784
Depreciation
At 1 March 2024 | 432 | 16,815 | 7,139 | 24,386
Charge for the year | 37 | 2,572 | 491 | 3,100
At 28 February 2025 | 469 | 19,387 | 7,630 | 27,486
Carrying amount
At 28 February 2025 | 111 | 7,715 | 1,472 | 9,298
At 29 February 2024 | 148 | 10,287 | 313 | 10,748

6 | Stocks

| 2025 £ | 2024 £

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 1,951
Other debtors | 9,500 | 9,500
| 9,500 | 11,451

8 | Creditors

Creditors: amounts falling due within one year

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 12,072 | 12,398
Trade creditors |  | 2,780 | 2,567
Taxation and social security |  | 7,973 | 9,586
Accruals and deferred income |  | 6,875 | 5,525
Other creditors |  | (11,863) | (7,870)
|  | 17,837 | 22,206

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 12,072 | 12,398

11 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £4,000.00 (2024 - £1,000.00) per ordinary share |  | 8,000 |  | 2,000

12 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | At 28 February 2025 £
Mr Jeremy Roberts
Director loans | 7,828 | 4,035 | 11,863

Belvedere Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

2024 | At 1 March 2023 £ | Advances to director £ | At 29 February 2024 £
Mr Jeremy Roberts
Director loans | 13,653 | (5,825) | 7,828

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,182 | 25,140

Dividends paid to directors

|  | 2025 £ |  | 2024 £
Mr Jeremy Roberts |  |  |  |
Interim dividend paid |  | 8,000 |  | -

Belvedere Property Maintenance Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Turnover/revenue | 62,904 | 64,758
Cost of sales |  |
Opening work in progress | - | (7,083)
Purchase of raw materials and consumables | (4,405) | (9,731)
Closing stock/inventories | - | -
Cleaning costs | (3,609) | (1,647)
Gross profit | 54,890 | 46,297
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (1,928) | (1,833)
Rent, rates and services costs | (2,000) | -
Other repairs and maintenance costs | - | (50)
Cleaning costs | (37) | (1)
Depreciation of fixed assets | (3,100) | (3,582)
Vehicle costs | (8,759) | (8,944)
Other staff costs | (297) | (295)
Salaries and fees, directors | (25,182) | (25,140)
Travel and subsistence | (499) | (317)
Legal and professional costs | (40) | (30)
Bank charges | (102) | (135)
Insurance costs | (437) | (497)
IT and computing | (25) | -
Telecommunications | (744) | (1,130)
Printing, postage and stationery | (47) | (132)
Other costs | (624) | (624)
Other operating income |  |
Other items |  |
Profit on ordinary activities before finance charges and interest | 11,069 | 3,587
Interest expense on bank overdraft, bank loans and similar borrowings | (303) | (445)
Non-bank interest and similar charges | (672) | -
Profit on ordinary activities before taxation | 10,094 | 3,142
Tax on profit or loss on ordinary activities | (2,170) | (43)
Profit for the financial year | 7,924 | 3,099