Belltime Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 04841991

Belltime Limited

Filleted Unaudited Financial Statements

31 July 2018

Belltime Limited

Statement of Financial Position

31 July 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		456,125	456,125

Current assets

Debtors	5	35,725	35,701
Cash at bank and in hand		1,484	149
		--------	--------
		37,209	35,850

Creditors: amounts falling due within one year	6	522,509		522,570
		---------		---------
Net current liabilities			485,300	486,720
			---------	---------
Total assets less current liabilities			( 29,175)	( 30,595)
			--------	--------
Net liabilities			( 29,175)	( 30,595)
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 29,177)	( 30,597)
	--------	--------
Shareholders deficit	( 29,175)	( 30,595)
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 July 2018 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Belltime Limited

Statement of Financial Position (continued)

31 July 2018

These financial statements were approved by the board of directors and authorised for issue on 19 September 2019 , and are signed on behalf of the board by:

Mrs L Feldman
Director

Company registration number: 04841991

Belltime Limited

Notes to the Financial Statements

Year ended 31 July 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House,, 1 Hallswelle Road,, London,, NW11 ODH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, '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.

Revenue recognition

The turnover of the company consists solely of rental income.

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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 August 2017 and 31 July 2018	456,125
	---------
Depreciation
At 1 August 2017 and 31 July 2018	–
	---------
Carrying amount
At 31 July 2018	456,125
	---------
At 31 July 2017	456,125
	---------

5. Debtors

	2018	2017
	£	£
Other debtors	35,725	35,701
	--------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	350,454	350,437
Amounts owed to related undertakings	36,618	36,618
Other creditors	135,437	135,515
	---------	---------
	522,509	522,570
	---------	---------

7. Related party transactions

The company was under the control of Mrs L.Feldman who is the managing director and majority shareholder.