Belco Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14045656

BELCO PROPERTY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

31 March 2025

BELCO PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		3,500,000		3,043,902

CURRENT ASSETS

Debtors	5	987	5,488
Cash at bank and in hand		133,333	118,998
		---------	---------
		134,320	124,486

CREDITORS: amounts falling due within one year	6	( 3,478,075)		( 3,209,174)
		------------		------------
NET CURRENT LIABILITIES			( 3,343,755)		( 3,084,688)
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			156,245		( 40,786)
			---------		--------
NET ASSETS/(LIABILITIES)			156,245		( 40,786)
			---------		--------

BELCO PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	7	100	100
Profit and loss account		156,145	( 40,886)
		---------	--------
SHAREHOLDERS FUNDS/(DEFICIT)		156,245	( 40,786)
		---------	--------

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 income and retained earnings has not been delivered.

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

M Bell
Director

Company registration number: 14045656

BELCO PROPERTY 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 and Wales. The address of the registered office is 12 Trevor Foster Way, Bradford, BD5 8HB, United Kingdom.

2. STATEMENT OF COMPLIANCE

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

Going concern

The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing financial support of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of VAT.

Income tax

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.

Tangible assets

Tangible assets are initially recorded at cost.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

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.

Financial instruments

Financial liability and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of tea entity after deducting all of its financial liabilities.

4. TANGIBLE ASSETS

	Investment property
	£
Cost or valuation
At 1 April 2024	3,043,902
Additions	240,552
Revaluations	215,546
	------------
At 31 March 2025	3,500,000
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	3,500,000
	------------
At 31 March 2024	3,043,902
	------------

Investment property has been valued by the director, on an open market basis, as at 31 March 2025.

5. DEBTORS

	2025	2024
	£	£
Other debtors	987	5,488
	----	-------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,825	2,924
Other creditors	3,473,250	3,206,250
	------------	------------
	3,478,075	3,209,174
	------------	------------

7. CALLED UP SHARE CAPITAL

100 ordinary £1 shares were issued upon incorporation.