Belvista Limited - Accounts to registrar (filleted) - small 18.2
Belvista Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Belvista Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2020 |
| Belvista Limited (Registered number: 02813610) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Belvista Limited |
| Company Information |
| for the Year Ended 31 December 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Belvista Limited (Registered number: 02813610) |
| Balance Sheet |
| 31 December 2020 |
| 31/12/20 | 31/12/19 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Belvista Limited (Registered number: 02813610) |
| Balance Sheet - continued |
| 31 December 2020 |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Belvista Limited (Registered number: 02813610) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2020 |
| 1. | GENERAL INFORMATION |
| The company is a private company limited by share capital, incorporated in England and Wales. |
| The address of its registered office is: |
| 7 Lynwood Court |
| Priestlands Place |
| Lymington |
| Hampshire |
| SO41 9GA |
| The principal place of business is: |
| 70 Lebanon Gardens |
| Wandsworth |
| London |
| SW18 1RH |
| 2. | STATEMENT OF COMPLIANCE |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| 3. | ACCOUNTING POLICIES |
| BASIS OF PREPARATION |
| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. These financial statements cover the individual entity for the year ended 31 December 2020. |
| The company's functional and presentational currency is pound sterling and all figures are rounded to the nearest pound. |
| GOING CONCERN |
| The financial statements have been prepared on a going concern basis. |
| REVENUE RECOGNITION |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| The company recognises revenue when: |
| The amount of revenue can be reliably measured; |
| it is probable that future economic benefits will flow to the entity; |
| and specific criteria have been met for each of the company's activities. |
| TANGIBLE ASSETS |
| Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
| DEPRECIATION |
| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: |
| Asset class | Depreciation method and rate |
| Fixtures and fittings | 25% straight line basis |
| Office equipment | 25% straight line basis |
| Belvista Limited (Registered number: 02813610) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 3. | ACCOUNTING POLICIES - continued |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| DEFINED CONTRIBUTION PENSION OBLIGATION |
| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. |
| Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. |
| INVESTMENT PROPERTY |
| In accordance with the Financial Reporting Standards 102 Section 1A, investment properties for which fair value can be measured reliably without undue cost and effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. This is shown in a separate Profit and loss reserve called the Investment Property Revaluation Reserve. |
| The investment property value of £1,500,000 [2019:£1,500,000] and the £Nil [2019:£Nil] included in the profit for the year was determined by the director. |
| INVESTMENTS |
| Listed fixed asset investments are measured at fair value through profit or loss. The fair value of £348,640 [2019: £362,721] and the loss of £65,999 [2019: gain of £26,969] included in profit for the year was determined by reference to the bid price at the relevant year end date. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Belvista Limited (Registered number: 02813610) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| The fair value of the company's Investment properties was revalued on 31 December 2020. An independent valuer was not involved. |
| Had this class of asset been measured on a historical cost basis, the carrying amount would have been £227,444 (2019 - £227,444). |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 January 2020 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| Cost or valuation at 31 December 2020 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2020 | 348,640 |
| Belvista Limited (Registered number: 02813610) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/20 | 31/12/19 |
| £ | £ |
| Corporation tax liability | 703 | - |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/20 | 31/12/19 |
| £ | £ |
| Corporation tax liability |
| Other creditors |
| Directors' current accounts | 36,859 | 459 |
| Accruals and deferred income |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/12/20 | 31/12/19 |
| value: | £ | £ |
| Ordinary shares | £1 | 156,000 | 156,000 |
| 10. | OTHER FINANCIAL ASSETS (CURRENT AND NON-CURRENT) |
| 2020 | 2019 |
| £ | £ |
| Non-current financial assets |
| Financial assets at fair value through profit and loss | 348,640 | 362,721 |