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Registered number: 13885364
Belize Corporation Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Tax Complete
108 Merton High Street
London
SW19 1BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13885364
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 530,595 597,595
530,595 597,595
CURRENT ASSETS
Debtors 5 161,082 14,200
Cash at bank and in hand 384 58
161,466 14,258
Creditors: Amounts Falling Due Within One Year 6 (145,598 ) (149,610 )
NET CURRENT ASSETS (LIABILITIES) 15,868 (135,352 )
TOTAL ASSETS LESS CURRENT LIABILITIES 546,463 462,243
Creditors: Amounts Falling Due After More Than One Year 7 (575,679 ) (433,988 )
NET (LIABILITIES)/ASSETS (29,216 ) 28,255
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 36,000 36,000
Profit and Loss Account (65,217 ) (7,746 )
SHAREHOLDERS' FUNDS (29,216) 28,255
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marcus Thompson
Director
9th February 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Belize Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13885364 . The registered office is 128 Clive Road , London, SE21 8BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold .
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 29 February 2024 597,595
Revaluations (67,000)
As at 28 February 2025 530,595
5. Debtors
2025 2024
£ £
Due within one year
Mabell Capital Ltd 161,082 14,200
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 1
Accruals for Lease Extension 45,000 45,000
Director's loan account 100,597 104,609
145,598 149,610
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 7,259 7,259
Gorvins Residential 177,245 177,245
Other creditors (2) 383,000 383,000
Balance Transfer (Zempler Bank) 8,175 8,175
Radley Solicitors - (141,691 )
575,679 433,988
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 29 February 2024 36,000 (7,746 )
Loss for the year and total comprehensive income - (56,571 )
Dividends paid - (900)
As at 28 February 2025 36,000 (65,217 )
Page 4