BELVEST_LIMITED - Accounts

BELVEST LIMITED - Company Information

Print Friendly Version

Company Registration No. 03388395 (England and Wales)

BELVEST LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

BELVEST LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

BELVEST LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,181

5,891

Investments

623,326

730,826

626,507

736,717

Current assets

Debtors

300

Cash at bank and in hand

168,477

23,562

168,777

23,562

Creditors: amounts falling due within one year

(47,565)

(8,344)

Net current assets

121,212

15,218

Total assets less current liabilities

747,719

751,935

Capital and reserves

Called up share capital

200,002

Share premium account

500,000

Profit and loss account

47,717

51,933

Shareholders' funds

747,719

751,935

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 November 2016

Mr D B Lowe

Director

Company Registration No. 03388395

BELVEST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has adopted the provisions of Financial Reporting Standard No 4, 'Capital Instruments'. Accordingly, the amount of shareholders' funds attributable to equity and non-equity interests has been separately disclosed.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Plant and machinery

25% Straight Line

Fixtures, fittings & equipment

25% - 33% Straight Line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

BELVEST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2015

28,131

730,826

758,957

Disposals

(107,500)

At 30 June 2016

28,131

623,326

651,457

Depreciation

At 1 July 2015

22,240

Charge for the year

2,710

At 30 June 2016

24,950

Net book value

At 30 June 2016

3,181

623,326

626,507

At 30 June 2015

5,891

730,826

736,717

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Milow Properties Ltd

England & Wales

Ordinary

100.00

Participating interests

Preston Barns Ltd

England & Wales

Ordinary

26.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Milow Properties Ltd

Real estate management

(14,074)

(11,437)

Preston Barns Ltd

Event services

The accounts for Preston Barns Ltd are not yet available for public inspection.

BELVEST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

200,002 Ordinary shares of £1 each

200,002