Belvedere Properties (Cheltenham) Limited - Period Ending 2013-11-30

Registration number: 2667241

Belvedere Properties (Cheltenham) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Guard Doyly
Chartered Accountants
4 Mansell Street
Stratford-upon-Avon
Warwickshire
CV37 6NR

Belvedere Properties (Cheltenham) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Belvedere Properties (Cheltenham) Limited
for the Year Ended 30 November 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Belvedere Properties (Cheltenham) Limited for the year ended 30 November 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Belvedere Properties (Cheltenham) Limited, as a body, in accordance with the terms of our engagement letterdated 20 December 2010. Our work has been undertaken solely to prepare for your approval the accounts of Belvedere Properties (Cheltenham) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belvedere Properties (Cheltenham) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Belvedere Properties (Cheltenham) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Belvedere Properties (Cheltenham) Limited. You consider that Belvedere Properties (Cheltenham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Belvedere Properties (Cheltenham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Guard Doyly
Chartered Accountants
4 Mansell Street
Stratford-upon-Avon
Warwickshire
CV37 6NR

20 August 2014

Page 1

Belvedere Properties (Cheltenham) Limited
(Registration number: 2667241)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					1,522,169			1,499,696
Current assets
Cash at bank and in hand					20,862			22,323
Creditors: Amounts falling due within one year					(554,187)			(563,316)
Net current liabilities					(533,325)			(540,993)
Net assets					988,844			958,703
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					988,842			958,701
Shareholders' funds					988,844			958,703

For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 20 August 2014

.........................................
Mrs. R B Langrish
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Belvedere Properties (Cheltenham) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	NIL
Fixtures and fittings	25% reducing balance
Office equipment	25% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2012		1,524,917			1,524,917
Additions		24,222			24,222
At 30 November 2013		1,549,139			1,549,139
Depreciation
At 1 December 2012		25,221			25,221
Charge for the year		1,749			1,749
At 30 November 2013		26,970			26,970
Net book value
At 30 November 2013		1,522,169			1,522,169
At 30 November 2012		1,499,696			1,499,696

Page 3

Belvedere Properties (Cheltenham) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2013 £			2012 £
Amounts falling due after more than one year		-			525,000

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4