Abbreviated Company Accounts - BELGRAVE FINANCE LIMITED
Abbreviated Company Accounts - BELGRAVE FINANCE LIMITED
Registered Number 04731488
BELGRAVE FINANCE LIMITED
Abbreviated Accounts
31 March 2015
BELGRAVE FINANCE LIMITED Registered Number 04731488
Abbreviated Balance Sheet as at 31 March 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
|
|
|
|
|||
| Current assets | |||
| Debtors |
|
|
|
| Cash at bank and in hand |
|
|
|
|
|
|
||
| Creditors: amounts falling due within one year |
( |
( |
|
| Net current assets (liabilities) |
( |
( |
|
| Total assets less current liabilities |
|
( |
|
| Creditors: amounts falling due after more than one year |
( |
|
|
| Total net assets (liabilities) |
( |
( |
|
| Capital and reserves | |||
| Called up share capital |
|
|
|
| Profit and loss account |
( |
( |
|
| Shareholders' funds |
( |
( |
|
For the year ending 31 March 2015 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 directors acknowledge their 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 Board on
And signed on their behalf by:
BELGRAVE FINANCE LIMITED Registered Number 04731488
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
The financial statements have been prepared on a going concern basis not withstanding the excess of liabilities over assets as the directors believe the shareholder will continue to make adequate funds available to enable the company to meet its liabilities as and when they fall due. The directors have no reason to believe that financial support will not continue in the future and considered it appropriate to adopt a going concern basis. The accounts do not contain any adjustments that would be necessary should this basis not be appropriate.
2. FIXED ASSET INVESTMENTS
Unquoted shares £
COST
Additions 70,055
At 31 March 2015 70,055
NET BOOK VALUE
At 31 March 2015 70,055
The fixed asset investments represent 10% of the issued share capital in United Releasing International Limited, a company incorporated in the United Kingdom.
3. CALLED UP SHARE CAPITAL
Allotted and issued:
Number: Class: Nominal 2015 2014
value: £ £
1,000 Ordinary £1 1,000 1,000
4. ULTIMATE PARENT COMPANY
The Ultimate Parent Company is Halcyon Holdings Limited, a company incorporated in the Isle of Man under the 2006 Companies Act.
Belgrave Finance Limited
5. RELATED PARTY DISCLOSURES
Halcyon Holdings Limited
Shareholder
Amount due to related party at the balance sheet date
2015 2014
£586 £390
Mannin Services Corp.
A company under common control
Financing (£10,000) and payment of administration fees (£1,513) on behalf of the company.
Amount due to related party at the balance sheet date
2015 2014
£11,513 £-
Unified Holdings Limited
A company under common control
Amount due to related party at the balance sheet date
2015 2014
£70,055 £-
6. POST BALANCE SHEET EVENTS
The effect of events relating to the year ended 31 March 2015, which occurred before the date of approval of the financial statements by the directors, have been included to the extent required to show a true and fair view of the state of affairs at 31 March 2015 and of the results of the year ended on that date.
The amounts owed to the parent company, Halcyon Holdings Limited have been written off on 24 August 2015.
2Fixed assets Investments
The fixed asset investment represent 10% of the issued share capital in United Releasing International Limited a Company incorporated in the United Kingdom