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BELLHOUSE JOSEPH DEVELOPMENTS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
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.
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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 2017 the company had net liabilities of £1,540,532 (2016 - £1,490,532). The company continues to meet its day to day working capital requirements through the financial support of its ultimate parent company. The Director has prepared projected cash flow information for the period ending 12 months from the date of his approval of these financial statements. On the basis of this cash flow information the Director considers it appropriate to prepare the financial statements on the going concern basis.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other creditors and loans from related and other third parties.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs.
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