ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 09259057

BELICHE LIMITED

UNAUDITED

DIRECTORS' REPORT
AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

30 SEPTEMBER 2025

01483 755 399

hamlyns.com

BELICHE LIMITED

COMPANY INFORMATION

Directors	R C Rufus
	R E Rufus (resigned 5 September 2025)
	O Rufus


Registered number	09259057


Registered office	Sundial House High Street
	Horsell
	Woking
	Surrey
	GU21 4SU


Accountants	Hamlyns Limited
	Chartered Accountants
	Sundial House
	High Street
	Horsell
	Woking
	Surrey
	GU21 4SU

BELICHE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Principal activity

The principal activity of the company in the year under review was that of letting and operating of commercial property.

Directors

The directors who served during the year were:

R C Rufus

R E Rufus (resigned 5 September 2025)

O Rufus

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BELICHE LIMITED

REGISTERED NUMBER: 09259057

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
		£		£

Fixed assets
Investment property	4		561,606		972,450
			561,606		972,450
Current assets
Cash at bank and in hand		2,903		1,048
		2,903		1,048
Creditors: amounts falling due within one year	5	(86,325)		(99,187)
Net current liabilities			(83,422)		(98,139)
Total assets less current liabilities			478,184		874,311
Creditors: amounts falling due after more than one year	6		(367,256)		(309,782)
Provisions for liabilities
Deferred tax	8	-		(69,858)
			-		(69,858)
Net assets			110,928		494,671

Capital and reserves
Called up share capital		100	100
Fair value reserve	9	-	340,987
Profit and loss account	9	110,828	153,584
		110,928	494,671

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BELICHE LIMITED

REGISTERED NUMBER: 09259057

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2026.

R C Rufus

Director

The notes on pages 4 to 8 form part of these financial statements.

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BELICHE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	Statutory Information

Beliche Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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BELICHE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.4

Investment property

Investment property is 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. Changes in fair value are recognised in profit or loss

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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BELICHE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 October 2024	972,450
	Surplus on revaluation	(410,844)
	At 30 September 2025	561,606

	Comprising
	Cost	561,606
	Annual revaluation surplus/(deficit):
	2016	410,844
	2025	(410,844)
	At 30 September 2025	561,606

The 2025 valuations were made by John Westwood on behalf of Westwood and Company with over 40 years of industry experience but who are not members of the Royal Institution of Chartered Surveyors, on an open market value basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

Historic cost	561,604	561,604
Accumulated depreciation and impairments	(119,849)	(108,617)
	441,755	452,987

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	47,552	47,552
Corporation tax	35,961	35,961
Other creditors	-	13,000
Accruals and deferred income	2,812	2,674
	86,325	99,187

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BELICHE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	296,944	305,947
Amounts owed to group undertakings	70,312	3,835
	367,256	309,782

Amounts falling due within one year
Bank loans	47,552	47,552
	47,552	47,552

Amounts falling due 2-5 years
Bank loans	190,210	190,210
	190,210	190,210
Amounts falling due after more than 5 years
Bank loans	106,734	115,738
	106,734	115,738
	344,496	353,500

8.	Deferred taxation

		2025
		£

	At beginning of year	(69,858)
	Utilised in year	69,858
	At end of year	-

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BELICHE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	-	(69,858)
		-	(69,858)

Reserves

Revaluation reserve

At 30th September 2025 the revaluation reserve is £0 (2024: £340,987) after the revaluation undertaken during the year.

10.	Secured debts

A loan facility was made available by Interbay Commercial on 11 March 2019 for a fifteen year term from that date.Interest is payable at 4.93% above LIBOR. The loans are secured by a fixed and floating charge over the freehold investment property and assets of the company.

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