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BELLHOUSE JOSEPH DEVELOPMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
Bellhouse Joseph Development Limited is a limited liability company incorporated in England and Wales with its registered office at 38 Berkeley Square, London, W1J 5AE.
The principal activity of the company continued to be that of development of land and property.
The company's functional and presentational currency is £ Sterling.
2.
Accounting policies
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Basis of preparation of financial statements
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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 Companies Act 2006
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The following principal accounting policies have been applied:
At 31 December 2019 the company has net liabilities of £3,400 (2018 - net assets £7,753). The company continues to meet its day to day working capital requirements through the financial support of its ultimate parent company. On the basis of this support the director considers it appropriate to prepare the financial statements on a going concern basis. In reaching this decision he has considered the potential impact of the COVID-19 pandemic and is satisfied that the company has adequate facilities to meet its liabilities as they fall due for at least twelve months from the date of his approval of the financial statements.
Turnover represents amounts receivable for services provided during the year and for the sale of joint-venture rights exclusive of Value Added Tax.
Revenue for services is recognised in the period in which the services are provided. Other revenue is recognised when the company is unconditionally entitled to the consideration.
Short term debtors are measured at the transaction price, less any impairment.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and loans from and to related and other third parties.
Short term creditors are measured at the transaction price.
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