Belstone Limited Company Accounts

false false false false false false false false false true false false false false false false false No description of principal activity 2016-01-01 Sage Accounts Production Advanced 2017 Update 2 - FRS xbrli:pure xbrli:shares iso4217:GBP 09290472 2016-01-01 2016-12-31 09290472 2016-12-31 09290472 2015-12-31 09290472 2014-10-31 2015-12-31 09290472 2015-12-31 09290472 core:MotorVehicles 2016-01-01 2016-12-31 09290472 bus:RegisteredOffice 2016-01-01 2016-12-31 09290472 bus:LeadAgentIfApplicable 2016-01-01 2016-12-31 09290472 bus:Director1 2016-01-01 2016-12-31 09290472 core:MotorVehicles 2016-12-31 09290472 core:ShareCapital 2014-10-31 2015-12-31 09290472 core:RetainedEarningsAccumulatedLosses 2014-10-31 2015-12-31 09290472 core:RetainedEarningsAccumulatedLosses 2016-01-01 2016-12-31 09290472 core:WithinOneYear 2016-12-31 09290472 core:WithinOneYear 2015-12-31 09290472 core:ShareCapital 2016-12-31 09290472 core:ShareCapital 2015-12-31 09290472 core:RetainedEarningsAccumulatedLosses 2016-12-31 09290472 core:RetainedEarningsAccumulatedLosses 2015-12-31 09290472 core:RestatedAmount 2015-12-31 09290472 bus:FRS102 2016-01-01 2016-12-31 09290472 bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 09290472 bus:FullAccounts 2016-01-01 2016-12-31 09290472 bus:SmallCompaniesRegimeForAccounts 2016-01-01 2016-12-31 09290472 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 09290472 core:OfficeEquipment 2016-01-01 2016-12-31 09290472 core:OfficeEquipment 2015-12-31 09290472 core:OfficeEquipment 2016-12-31

COMPANY REGISTRATION NUMBER: 09290472

Belstone Limited

Filleted Unaudited Financial Statements

Year Ended

31 December 2016

Belstone Limited

Financial Statements

Year Ended 31st December 2016

Contents	Page

Officers and Professional Advisers	1

Statement of Financial Position	2

Statement of Changes in Equity	3

Notes to the Financial Statements	4

Belstone Limited

Officers and Professional Advisers

Director	Mr A M Gavin

Registered Office	4th Floor
	100 Fenchurch Street
	London
	EC3M 5JD

Accountants	Wilson Stevens
	Accountants
	4th Floor
	100 Fenchurch Street
	London
	EC3M 5JD

Belstone Limited

Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£	£

Fixed Assets

Tangible assets	5		13,528		4,531

Current Assets

Cash at bank and in hand	13,284		14,381

Creditors: Amounts Falling due Within One Year	6	22,996		16,647
		--------		--------
Net Current Liabilities			9,712		2,266
			--------		-------
Total Assets Less Current Liabilities			3,816		2,265
			-------		-------
Net Assets			3,816		2,265
			-------		-------

Capital and Reserves

Called up share capital	200	200
Profit and loss account	3,616	2,065
	-------	-------
Members Funds	3,816	2,265
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 September 2017 , and are signed on behalf of the board by:

Mr A M Gavin Director

Company registration number: 09290472

Belstone Limited

Statement of Changes in Equity

Year Ended 31st December 2016

Called up share capital	Profit and loss account	Total
£	£	£

At 31st October 2014	–	–	–

Profit for the year		54,565	54,565
	----	--------	--------
Total Comprehensive Income for the Year	–	54,565	54,565

Issue of shares	200	–	200
Dividends paid and payable	–	( 52,500)	( 52,500)
	----	--------	--------
Total Investments by and Distributions to Owners	200	( 52,500)	( 52,300)

At 31st December 2015	200	2,065	2,265

Profit for the year		11,551	11,551
	----	--------	--------
Total Comprehensive Income for the Year	–	11,551	11,551

Dividends paid and payable	–	( 10,000)	( 10,000)
	----	--------	--------
Total Investments by and Distributions to Owners	–	( 10,000)	( 10,000)

	----	--------	--------
At 31st December 2016	200	3,616	3,816
	----	--------	--------

Belstone Limited

Notes to the Financial Statements

Year Ended 31st December 2016

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 100 Fenchurch Street, London, EC3M 5JD.

2. Statement of Compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 31st October 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Disclosure Exemptions

The financial statements have been prepared in accordance with the provision of FRS 102 Section 1A for small entities. There were no material departures from the standard.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 1 (2015: 1 ).

5. Tangible Assets

Motor vehicles	Equipment	Total
£	£	£

Cost
At 1st January 2016	–	5,684	5,684
Additions	8,100	3,159	11,259
	-------	-------	--------
At 31st December 2016	8,100	8,843	16,943
	-------	-------	--------
Depreciation
At 1st January 2016	–	1,153	1,153
Charge for the year	338	1,924	2,262
	-------	-------	--------
At 31st December 2016	338	3,077	3,415
	-------	-------	--------
Carrying amount
At 31st December 2016	7,762	5,766	13,528
	-------	-------	--------
At 31st December 2015	–	4,531	4,531
	-------	-------	--------

6. Creditors: amounts falling due within one year

	2016	2015
	£	£

Corporation tax	–	13,225
Social security and other taxes	253	858
Other creditors	22,743	2,564
	--------	--------
	22,996	16,647
	--------	--------

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 31st October 2014.

No transitional adjustments were required in equity or profit or loss for the period.