La Belleza Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10216344 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

La Belleza Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss D Holder-Biziou

Ms A Clayton

C A Holder

M Holder-Biziou

Ms P Holder-Biziou

S P Hutchinson

REGISTERED OFFICE:

15 Sackville Streeet

Mayfair

London

W1S 3DN

REGISTERED NUMBER:

10216344 (England and Wales)

ACCOUNTANTS:

David Lloyd & Co

Chartered Accountants

15 Sackville Street

Mayfair

London

W1S 3DN

FIXED ASSETS

Tangible assets

4

620

1,400

Investment property

5

821,841

821,841

822,461

823,241

CURRENT ASSETS

Debtors

6

502

1,253

Cash at bank

204,038

191,643

204,540

192,896

CREDITORS

Amounts falling due within one year

7

3,767

4,153

NET CURRENT ASSETS

200,773

188,743

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,234

1,011,984

CREDITORS

Amounts falling due after more than one year

8

989,463

989,463

NET ASSETS

33,771

22,521

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

33,770

22,520

33,771

22,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 and authorised for issue on 3 February 2021 and were signed on its behalf by:

Miss D Holder-Biziou - Director

1.	STATUTORY INFORMATION

La Belleza Properties Limited 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

3,120

DEPRECIATION

At 1 July 2019

1,720

Charge for year

780

At 30 June 2020

2,500

NET BOOK VALUE

At 30 June 2020

620

At 30 June 2019

1,400

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2019

and 30 June 2020

821,841

NET BOOK VALUE

At 30 June 2020

821,841

At 30 June 2019

821,841

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Other debtors

502

1,253

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Taxation and social security

3,291

3,857

Other creditors

476

296

3,767

4,153

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.20

30.6.19

£

£

Other creditors

989,463

989,463

9.	POST BALANCE SHEET EVENTS

The COVID-19 outbreak and it's social and economic consequences on particular sectors of the business and society are by now known worldwide.

The Directors have also considered the effect of the events brought about by the recent COVID -19 outbreak and do not consider that the outbreak is likely to have a significant impact on the business.