Belthorne Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04589269 (England and Wales)

Financial Statements for the Period 1 December 2016 to 31 March 2018

for

Belthorne Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C Allen

B G Eades

REGISTERED OFFICE:

Universal Square

Building 2

3rd Floor

Devonshire Street North

Manchester

M12 6JH

REGISTERED NUMBER:

04589269 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

CURRENT ASSETS

Debtors

4

3,017,548

132,645

Cash at bank and in hand

898,237

77,881

3,915,785

210,526

CREDITORS

Amounts falling due within one year

5

2,697,728

580

NET CURRENT ASSETS

1,218,057

209,946

TOTAL ASSETS LESS CURRENT LIABILITIES

1,218,057

209,946

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

1,217,957

209,846

SHAREHOLDERS' FUNDS

1,218,057

209,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 June 2018 and were signed on its behalf by:

Mrs C Allen - Director

1.	STATUTORY INFORMATION

Belthorne Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

30.11.16

£

£

Trade debtors

3,000,000

-

Service charges rechargeable

17,548

-

Associated company loan

-

132,645

3,017,548

132,645

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

30.11.16

£

£

Bank loans and overdrafts

2,268,750

-

Trade creditors

33,114

-

VAT

171,902

-

Other creditors

229

229

Associated company loan

221,934

-

Accrued expenses

1,799

351

2,697,728

580

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

30.11.16

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 December 2016

209,846

Profit for the period

1,008,111

At 31 March 2018

1,217,957