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COMPANY REGISTRATION NUMBER: 10445014

Belmont Vehicle Leasing Ltd

Filleted Unaudited Financial Statements

30 November 2025

Belmont Vehicle Leasing Ltd

Statement of Financial Position

30 November 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 681 | 908
Tangible assets | 6 | 2,286 | 3,050
| ------- | -------
| 2,967 | 3,958

Current assets

Debtors | 7 | 7,937 | 2,750
Cash at bank and in hand | 26,893 | 25,931
| -------- | --------
| 34,830 | 28,681

Creditors: amounts falling due within one year | 8 | 44,138 | 44,732
| -------- | --------
Net current liabilities | 9,308 | 16,051
| ------- | --------
Total assets less current liabilities | ( 6,341) | ( 12,093)

Creditors: amounts falling due after more than one year | 9 | – | 909
| ------- | --------
Net liabilities | ( 6,341) | ( 13,002)
| ------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 6,441) | ( 13,102)
| ------- | --------
Shareholders deficit | ( 6,341) | ( 13,002)
| ------- | --------

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 30 November 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Belmont Vehicle Leasing Ltd

Statement of Financial Position (continued)

30 November 2025
These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mr J McCusker
Director

Company registration number: 10445014

Belmont Vehicle Leasing Ltd

Notes to the Financial Statements

Year ended 30 November 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 Suite 5, Turner Business Centre Greengate, Middleton, Manchester, M24 1RU, 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.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Development costs | - | 25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

| Fixtures and fittings | - | 25% reducing balance
| Equipment | - | 25% reducing balance

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities 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 the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 December 2024 and 30 November 2025 | 3,829
| -------
Amortisation |
At 1 December 2024 | 2,921
Charge for the year | 227
| -------
At 30 November 2025 | 3,148
| -------
Carrying amount |
At 30 November 2025 | 681
| -------
At 30 November 2024 | 908
| -------

6. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 December 2024 and 30 November 2025 | 1,856 | 10,443 | 12,299
| ------- | -------- | --------
Depreciation |  |  |
At 1 December 2024 | 1,496 | 7,753 | 9,249
Charge for the year | 91 | 673 | 764
| ------- | -------- | --------
At 30 November 2025 | 1,587 | 8,426 | 10,013
| ------- | -------- | --------
Carrying amount |  |  |
At 30 November 2025 | 269 | 2,017 | 2,286
| ------- | -------- | --------
At 30 November 2024 | 360 | 2,690 | 3,050
| ------- | -------- | --------

7. Debtors

| 2025 | 2024
| £ | £
Other debtors | 7,937 | 2,750
| ------- | -------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 798 | 1,558
Corporation tax | 1,796 | 27
Social security and other taxes | 1,397 | 1,995
Other creditors | 40,147 | 41,152
| -------- | --------
| 44,138 | 44,732
| -------- | --------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 909
| ---- | ----

10. Directors' advances, credits and guarantees
Included within creditors due within one year are loans from directors totalling £39,384 (2024: £39,389) on which no interest is being charged. The loans are repayable in full or in part on demand. No dividends were paid again in the year in respect of shares held by two of the company's directors.
11. Related party transactions
Mr James McCusker and Mr Daniel McCusker were directors throughout the current and previous year. Mr Daniel McCusker held 49% of the ordinary share capital throughout the current and previous year. Mr James McCusker and Mr Daniel McCusker are also directors and each are 50% shareholders of Belmont Asset Finance Limited. Included within other creditors is a loan of £Nil (2024: £1,000) owing to this company. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.