BELLBOURNE ESTATES LTD Filleted accounts for Companies House (small and micro)

BELLBOURNE ESTATES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05366238

BELLBOURNE ESTATES LTD

Filleted Unaudited Financial Statements

28 February 2019

BELLBOURNE ESTATES LTD

Statement of Financial Position

28 February 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	4		272,324	272,324

Current assets

Debtors	5	735	1,605
Cash at bank and in hand		485	8,304
		-------	-------
		1,220	9,909

Creditors: amounts falling due within one year	6	35,886		26,431
		--------		--------
Net current liabilities			34,666	16,522
			---------	---------
Total assets less current liabilities			237,658	255,802

Creditors: amounts falling due after more than one year	7	214,712	232,539
		---------	---------
Net assets		22,946	23,263
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	22,944	23,261
	--------	--------
Shareholders funds	22,946	23,263
	--------	--------

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 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

BELLBOURNE ESTATES LTD

Statement of Financial Position (continued)

28 February 2019

These financial statements were approved by the board of directors and authorised for issue on 21 May 2020 , and are signed on behalf of the board by:

S Friedman

Director

Company registration number: 05366238

BELLBOURNE ESTATES LTD

Notes to the Financial Statements

Year ended 28 February 2019

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 0DH.

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

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.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 March 2018 and 28 February 2019	272,324
	---------
Depreciation
At 1 March 2018 and 28 February 2019	–
	---------
Carrying amount
At 28 February 2019	272,324
	---------
At 28 February 2018	272,324
	---------

5. Debtors

	2019	2018
	£	£
Other debtors	735	1,605
	----	-------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	2,373	3,161
Other creditors	33,513	23,270
	--------	--------
	35,886	26,431
	--------	--------

7. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	214,712	232,539
	---------	---------