Bellmowe Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC082347 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

BELLMOWE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Zoltie

P A Zoltie

SECRETARY:

P A Zoltie

REGISTERED OFFICE:

2/1 East Suffolk Park

Edinburgh

Lothian

EH16 5PL

REGISTERED NUMBER:

SC082347 (Scotland)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

BANKERS:

Clydesdale Bank

83 George Street

Edinburgh

EH2 3ES

SOLICITORS:

Stuart & Stuart WS

23 Rutland Street

Edinburgh

EH1 2RN

FIXED ASSETS

Tangible assets

3

163

82

Investment property

4

1,423,477

603,000

1,423,640

603,082

CURRENT ASSETS

Debtors

5

121

7,387

Cash at bank

254,431

1,117,220

254,552

1,124,607

CREDITORS

Amounts falling due within one year

6

16,413

67,243

NET CURRENT ASSETS

238,139

1,057,364

TOTAL ASSETS LESS CURRENT LIABILITIES

1,661,779

1,660,446

PROVISIONS FOR LIABILITIES

28

16

NET ASSETS

1,661,751

1,660,430

CAPITAL AND RESERVES

Called up share capital

6,900

6,900

Capital redemption reserve

4,389

4,389

Retained earnings

1,650,462

1,649,141

SHAREHOLDERS' FUNDS

1,661,751

1,660,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 applicable to companies subject to the small companies regime.

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 27 September 2019 and were signed on its behalf by:

S Zoltie - Director

1.	STATUTORY INFORMATION

Bellmowe Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents gross rents receivable.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% per annum reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

TAXATION

Taxation for the year 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 year 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.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2018

270

Additions

135

At 30 April 2019

405

DEPRECIATION

At 1 May 2018

188

Charge for year

54

At 30 April 2019

242

NET BOOK VALUE

At 30 April 2019

163

At 30 April 2018

82

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

603,000

Additions

820,477

At 30 April 2019

1,423,477

NET BOOK VALUE

At 30 April 2019

1,423,477

At 30 April 2018

603,000

Fair value at 30 April 2019 is represented by:

£

Valuation in 2018

(13,556

)

Cost

1,437,033

1,423,477

Investment property was valued on an open market basis on 30 April 2019 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

121

7,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

162

156

Taxation and social security

10,320

7,973

Other creditors

5,931

59,114

16,413

67,243

7.	SECURED DEBTS

The company has granted a standard security dated 11 January 1985 to Clydesdale Bank Plc for all sums due

or becoming due. There was no liability to Clydesdale Bank Plc at the balance sheet date.

8.	RELATED PARTY DISCLOSURES

Included within 'Other creditors' is an amount of £2,237 (2018 - £54,399) due to the directors from the

company. The loan is interest free and repayable on demand.