REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 17 May 2022 |
for |
Belgravia 17 Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 17 May 2022 |
for |
Belgravia 17 Ltd |
Belgravia 17 Ltd (Registered number: 10482937) |
Contents of the Financial Statements |
for the Year Ended 17 May 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Belgravia 17 Ltd |
Company Information |
for the Year Ended 17 May 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 & 5 Station Road |
Keynsham |
Bristol |
BS31 2BH |
Belgravia 17 Ltd (Registered number: 10482937) |
Abridged Balance Sheet |
17 May 2022 |
17.5.22 | 17.5.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 6 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Belgravia 17 Ltd (Registered number: 10482937) |
Abridged Balance Sheet - continued |
17 May 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Belgravia 17 Ltd (Registered number: 10482937) |
Notes to the Financial Statements |
for the Year Ended 17 May 2022 |
1. | STATUTORY INFORMATION |
Belgravia 17 Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Belgravia 17 Ltd (Registered number: 10482937) |
Notes to the Financial Statements - continued |
for the Year Ended 17 May 2022 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 18 May 2021 |
Disposals | ( |
) |
Revaluations |
At 17 May 2022 |
NET BOOK VALUE |
At 17 May 2022 |
At 17 May 2021 |
Cost or valuation at 17 May 2022 is represented by: |
Totals |
£ |
Valuation in 2022 | 331,038 |
Valuation in 2021 | (210,000 | ) |
Valuation in 2020 | (1,242,095 | ) |
Valuation in 2019 | 689,653 |
Valuation in 2018 | 1,609,810 |
Cost | 2,280,544 |
3,458,950 |
If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
17.5.22 | 17.5.21 |
£ | £ |
Cost | 2,280,544 | 3,049,657 |
Freehold land and buildings were revalued by the Director. |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
17.5.22 | 17.5.21 |
£ | £ |
Bank loans | 2,769,054 | 2,597,666 |
The bank loans are secured by fixed and floating debentures dated 8 February 2019, 10 April 2019, 16 August 2019, 20 August 2019, 27 August 2019, 29 October 2019, 28 May 2020, 23 November 2020 and 13 May 2022. The floating charges are secured over all the assets of the company. |
6. | PROVISIONS FOR LIABILITIES |
17.5.22 | 17.5.21 |
£ | £ |
Deferred tax | 223,897 | 174,666 |
Belgravia 17 Ltd (Registered number: 10482937) |
Notes to the Financial Statements - continued |
for the Year Ended 17 May 2022 |
6. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 18 May 2021 |
Charge to Income Statement during year |
Balance at 17 May 2022 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 17.5.22 | 17.5.21 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 18 May 2021 |
Revaluation movement in year | 209,882 |
At 17 May 2022 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 17 May 2022 and 17 May 2021: |
17.5.22 | 17.5.21 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |