Bell Property Holdings Ltd - Accounts to registrar (filleted) - small 17.3

Bell Property Holdings Ltd - Accounts to registrar (filleted) - small 17.3

BELL RETAIL PROPERTIES LTD - Company Information

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REGISTERED NUMBER: 01906795 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Bell Property Holdings Ltd
Bell Property Holdings Ltd (Registered number: 01906795)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Bell Property Holdings Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTOR: S P Bell





REGISTERED OFFICE: 8 Heathfield Place
Low Fell
Gateshead
Tyne and Wear
NE9 5AS





REGISTERED NUMBER: 01906795 (England and Wales)
Page 1
Bell Property Holdings Ltd (Registered number: 01906795)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 294,884 250,000

CURRENT ASSETS
Debtors 6 658 658
Cash at bank 64,909 65,710
65,567 66,368
CREDITORS
Amounts falling due within one year 7 46,946 51,208
NET CURRENT ASSETS 18,621 15,160
TOTAL ASSETS LESS CURRENT
LIABILITIES
313,505
265,160

PROVISIONS FOR LIABILITIES (5,000 ) (5,000 )

ACCRUALS AND DEFERRED INCOME (4,992 ) (4,722 )
NET ASSETS 303,513 255,438

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 143,884 99,000
Retained earnings 159,529 156,338
SHAREHOLDERS' FUNDS 303,513 255,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 19 February 2018 and were signed by:




S P Bell - Director


The notes form part of these financial statements

Page 2
Bell Property Holdings Ltd (Registered number: 01906795)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Bell Property Holdings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the
requirements of the Companies Act 2006 as applicable to companies subject to the small
companies' regime. The disclosure requirements of Section 1A of FRS 102 have been applied other
than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below:

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These are the first financial statements that comply with FRS 102. The company transitioned to
FRS 102 on
1 April 2016

No transitional adjustments were required in equity or profit or loss for the year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for rent stated net of discounts and of Value Added Tax.

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

Financial instruments
Financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.

Taxation
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
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.

Page 3 continued...
Bell Property Holdings Ltd (Registered number: 01906795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2016 250,000
Revaluations 44,884
At 31 March 2017 294,884
NET BOOK VALUE
At 31 March 2017 294,884
At 31 March 2016 250,000

Included in cost or valuation of land and buildings is freehold land of £ 294,884 (2016 - £ 250,000
) which is not depreciated.

Cost or valuation at 31 March 2017 is represented by:

Freehold
property
£   
Valuation in 2003 99,000
Valuation in 2017 44,884
Cost 151,000
294,884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 617 617
Other debtors 41 41
658 658

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 799 2,541
Other creditors 46,147 48,667
46,946 51,208

8. RESERVES
Revaluation
reserve
£   
At 1 April 2016 99,000
Revaluation 44,884

At 31 March 2017 143,884

Page 4 continued...
Bell Property Holdings Ltd (Registered number: 01906795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

9. OTHER FINANCIAL COMMITMENTS

At the year end the company had total rental income commitments under operating leases expiring
within 15 years of £246,400.

Page 5