Bellerophon Capital Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11378739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

FOR

BELLEROPHON CAPITAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

P Papanichola

REGISTERED OFFICE:

28 Fourth Avenue

Hove

United Kingdom

BN3 2PJ

REGISTERED NUMBER:

11378739 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

543,207

543,350

CURRENT ASSETS

18,333

19,119

CREDITORS

Amounts falling due within one year

(551,805

)

(550,976

)

NET CURRENT LIABILITIES

(533,472

)

(531,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,735

11,493

CAPITAL AND RESERVES

9,735

11,493

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2019 - NIL).

2.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, P Papanichola increased his loan to the company. As at 31 May 2020, the company owed

him £550,365 (2019 £546,302). This balance represented the maximum amount outstanding during the period

and the loan is interest free and repayable on demand.

3.	POST BALANCE SHEET EVENT

After the balance sheet date but prior to the approval of these accounts an outbreak of the COVID-

19 virus occurred causing a global pandemic recognised by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread,

urging people to remain at home wherever possible, including to work from home if available and to

undertake social distancing measures. Part of the government action has been to order businesses

where people gather socially such as pubs, restaurants and gyms to close temporarily.

In response to this management of the company have assessed the impact of these measures. The

company ceased any construction works until the guidelines permitted such activity. Staff were all

well positioned to work from home.

However, the pandemic/lockdown did prevent the letting of the property from Q1-Q3 of 2020,

hence why it has remained empty in this period, without rent from the intended tenants.

The company has not applied to take up the UK Government’s unprecedented business aid package,

nor placed any staff on furlough.

The Directors are confident the above measures mitigate the threat of the global pandemic enough

so it does not cast material uncertainty over the ability of the Company to continue as a going

concern.

The Directors continue to monitor the situation as it rapidly changes and believe the Company is

positioned well to react to further developments.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 6 October 2020 and were signed by:

P Papanichola - Director