Registration number: 13900820

Belmont Lansdown Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Belmont Lansdown Limited

(Registration number: 13900820)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	18,391	18,534
Other financial assets	5	2,075,480	101,570
		2,093,871	120,104
Current assets
Debtors	6	162,251	72,007
Cash at bank and in hand		969,937	912,312
		1,132,188	984,319
Creditors: Amounts falling due within one year	7	(3,273,098)	(1,074,103)
Net current liabilities		(2,140,910)	(89,784)
Net (liabilities)/assets		(47,039)	30,320
Capital and reserves
Called up share capital		1	1
Profit and loss account		(47,040)	30,319
Shareholders' (deficit)/funds		(47,039)	30,320

For the financial year ending 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 1 October 2026 and signed on its behalf by:
 

Mr M H Prettejohn Director

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
England
PL6 8LT

Principal activity

The principal activity of the company is provision of information technology services, management and administrative services conducted as a single trade. The company also owns and manages a portfolio of investments.

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 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 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

At the year end the company had net liabilities and negative reserves. The primary creditor of the company is one of the directors, who was owed £3,230,000 at the period end, and has indicated his continued support for the company to enable the company to meet its liabilities for the upcoming year. The directors, therefore, consider that the going concern basis is applicable.

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of property management charges charged, stated net of Value Added Tax.

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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% reducing balance

Impairment

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

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.

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 at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 4).

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2025	28,984	28,984
Additions	6,862	6,862
Disposals	(1,166)	(1,166)
At 31 March 2026	34,680	34,680
Depreciation
At 1 April 2025	10,450	10,450
Charge for the year	6,131	6,131
Eliminated on disposal	(292)	(292)
At 31 March 2026	16,289	16,289
Carrying amount
At 31 March 2026	18,391	18,391
At 31 March 2025	18,534	18,534

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	101,570	101,570
Fair value adjustments	375,702	375,702
Additions	1,997,140	1,997,140
Disposals	(398,932)	(398,932)
At 31 March 2026	2,075,480	2,075,480
Impairment
Carrying amount
At 31 March 2026	2,075,480	2,075,480

6

Debtors

	Note	2026 £	2025 £
Trade debtors		359	130
Other debtors		8,336	4,806
Prepayments		4,904	7,082
Income tax asset		148,652	59,989
		162,251	72,007

Belmont Lansdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	1,809	2,252
Taxation and social security	23,848	1,724
Accruals and deferred income	12,916	4,155
Other creditors	3,234,525	1,065,972
	3,273,098	1,074,103

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.