pinacle - Company Accounts (iXBRL 6.0.16)

Belsat Investments Limited

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2017

Company Registration Number - 00596698

NEON NUMBERS LIMITED

	1.
Belsat Investments Limited
COMPANY NUMBER - 00596698
Balance sheet as at 30 November 2017

			2017		2016
			----		----

Notes

£

£

£

£

Current assets
Debtors	4	9,972		10,164
Investments	5	600,000		400,000
		609,972		410,164
Current liabilities
Creditors - Amounts
falling due within one year	6	1,200		951
NET CURRENT ASSETS			608,772		409,213
Total assets less current liabilities			608,772		409,213
CAPITAL AND RESERVES
Called up share capital	7		320		2
Share premium account			199,682		-
Profit - Not distributable			390,094		390,094
Profit and Loss account			18,676		19,117
Shareholders' funds			608,772		409,213

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 November 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on29 August 2018
and signed on their behalf by:
S G Pritchard
The notes on pages 2 to 4 form an integral part of these accounts.

	2.
Belsat Investments Limited
Notes to the Financial Statements
For the year ended 30 November 2017
1. General Information

Belsat Investments Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 00596698.

The company's registered office is 3000a Parkway, Whiteley, Hampshire, PO15 7FX.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Fixed asset investments

Investments in shares are included at fair value.

Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Employees

The average number of persons employed by the company (including directors) during the year was 0 (2016 - 0).

		2017		2016
		----		----
		£		£

4. Debtors
Due within one year:
Other debtors	9,972		10,164

	3.
Belsat Investments Limited
Notes to the Financial Statements
For the year ended 30 November 2017

5. Investments

	Subsidiary
	Undertaking
	£
Cost
At 01 December 2016	9,906
Additions	200,000
Revaluation	390,094
At 30 November 2017	600,000
Subsidiary undertaking

The company's investment in its subsidiary represents 100% of the share capital in Petersfield & Reliance Launderers Limited (2016 - 63%). At 30 November 2017 the subsidiary had aggregate capital and reserves of £600,000 (2016 - £242,422). The subsidiary suffered a loss of £88,264 in the year to 30 November 2017 (2016 - £30,738). The fair value of the subsidiary has been determined as being the value of the shareholder funds only, being £600,000.

		2017		2016
		----		----
		£		£

6. Creditors
Amounts falling due within one year:
Other creditors	1,200		951
	1,200		951
7. Called up share capital

Allotted, called up and fully paid
shares of £1 eachOrdinary	320		2

	4.
Belsat Investments Limited
Notes to the Financial Statements
For the year ended 30 November 2017

8. IMPACT OF FIRST YEAR ADOPTION OF FRS102

The change in accounting policy regarding fixed asset investments has had a material impact on shareholder funds, due to the upwards revaluation to deemed fair value.

	01 December		01 December
	2015		2016
	£		£
Shareholders funds as previously stated	19,446		19,119
	390,094		390,094
Fair value gains in investments
Shareholders funds as restated	409,540		409,213
Loss for the year as previously stated			327
			390,094
Fair value gains in investments
Loss for the year after tax as restated			(327)