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Registration number: 7722429

Belmore Finance Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 December 2025

Belmore Finance Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Abridged Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Abridged Balance Sheet | 6 to 7
Statement of Changes in Equity | 8
Notes to the Unaudited Abridged Financial Statements | 9 to 13
iXBRL Detailed Profit and Loss Account | 14

Belmore Finance Limited

Company Information

Directors | Thomas Biley Ran Carmon

Registered office | Level 30 The Leadenhall Building 122 Leadenhall Street London EC3V 4AB

Accountants | Simon Kingsley 58 Montague Road Hackney London E8 2HW

Belmore Finance Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the abridged financial statements for the year ended 31 December 2025.

Directors of the company

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

Thomas Biley

Ran Carmon

Principal activity

The principal activity of the company is Outsourcing activities

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 19 June 2026 and signed on its behalf by:

......................................... Thomas Biley Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Belmore Finance Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Belmore Finance Limited for the year ended 31 December 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 Belmore Finance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Belmore Finance Limited and state those matters that we have agreed to state to the Board of Directors of Belmore Finance Limited, 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 Belmore Finance Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Belmore Finance Limited 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 Belmore Finance Limited. You consider that Belmore Finance Limited 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 Belmore Finance Limited. 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.

......................................
Simon Kingsley
58 Montague Road
Hackney
London
E8 2HW

19 June 2026

Belmore Finance Limited

Abridged Profit and Loss Account for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Gross profit |  | 44,127 | 493
Administrative expenses |  | (39,786) | (7,278)
Income from shares in group undertakings |  | 251,298 | -
Interest payable and similar expenses |  | (381) | (1,517)
Profit/(loss) before tax | 4 | 255,258 | (8,302)
Tax on profit/(loss) |  | (387) | 1,221
Profit/(loss) for the financial year |  | 254,871 | (7,081)

The above results were derived from continuing operations.

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

Belmore Finance Limited

Statement of Comprehensive Income for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Profit/(loss) for the year | 254,871 | (7,081)
Total comprehensive income for the year | 254,871 | (7,081)

Belmore Finance Limited

(Registration number: 7722429)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 5 | 36 | 36
Current assets |  |  |
Debtors | 6 | 16,027 | 12,271
Cash at bank and in hand |  | 26,488 | 2,726
|  | 42,515 | 14,997
Prepayments and accrued income |  | - | 148
Creditors: Amounts falling due within one year |  | (17,966) | (11,249)
Net current assets |  | 24,549 | 3,896
Total assets less current liabilities |  | 24,585 | 3,932
Creditors: Amounts falling due after more than one year |  | - | (9,909)
Net assets/(liabilities) |  | 24,585 | (5,977)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 24,485 | (6,077)
Shareholders' funds/(deficit) |  | 24,585 | (5,977)

For the financial year ending 31 December 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Belmore Finance Limited

(Registration number: 7722429)
Abridged Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 19 June 2026 and signed on its behalf by:

.........................................

Thomas Biley

Director

Belmore Finance Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Retained earnings £ | Total £
At 1 January 2025 | 100 | (6,077) | (5,977)
Profit for the year | - | 254,871 | 254,871
Dividends | - | (224,309) | (224,309)
At 31 December 2025 | 100 | 24,485 | 24,585

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 100 | 1,004 | 1,104
Loss for the year | - | (7,081) | (7,081)
At 31 December 2024 | 100 | (6,077) | (5,977)

Belmore Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
Level 30
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB

These financial statements were authorised for issue by the Board on 19 June 2026.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Belmore Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Belmore Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

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

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 1 (2024 - 1).

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Income from shares in group undertakings | (251,298) | -

Belmore Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5 | Investments

| Total £
Cost or valuation
At 1 January 2025 | 36
Provision
Carrying amount
At 31 December 2025 | 36
At 31 December 2024 | 36

| 2025 £ | 2024 £

6 | Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

7 | Share capital

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £2,243.09 (2024 - £Nil) per each Ordinary |  | 224,309 |  | -

9 | Related party transactions

Belmore Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £

Belmore Finance Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Turnover/revenue | 89,783 | 6,693
Cost of sales |  |
Opening stock/inventories | - | -
Closing stock/inventories | - | -
Subcontractor costs | (45,656) | (6,200)
Gross profit | 44,127 | 493
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (1,096) | (1,221)
Rent, rates and services costs | (2,135) | (1,372)
Wages and salaries excluding directors | (1,335) | (1,385)
Consultancy costs | (31,400) | -
Travel and subsistence | - | (762)
Bank charges | (234) | (222)
Other costs | (3,586) | (2,316)
Other operating income |  |
Other items |  |
Operating profit/(loss) | 4,341 | (6,785)
Income from shares | 251,298 | -
Profit/(loss) on ordinary activities before finance charges and interest | 255,639 | (6,785)
Interest expense on bank overdraft, bank loans and similar borrowings | (381) | (1,517)
Profit/(loss) on ordinary activities before taxation | 255,258 | (8,302)
Tax on profit or loss on ordinary activities | (387) | 1,221
Profit/(loss) for the financial year | 254,871 | (7,081)