Bell Hill Properties Limited - Accounts to registrar - small 17.2
Bell Hill Properties Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2017 |
| for |
| Bell Hill Properties Limited |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Bell Hill Properties Limited |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suite 1 |
| Liberty House |
| South Liberty Lane |
| Bristol |
| BS3 2ST |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Statement of Financial Position |
| 31 January 2017 |
| 31.1.17 | 31.1.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Statement of Financial Position - continued |
| 31 January 2017 |
| 31.1.17 | 31.1.16 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 behalf by: |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| Bell Hill Properties Limited is a |
| 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 |
| The financial statements have been prepared on the going concern basis which has assumed the |
| continued support of the company's bankers. |
| Investment property |
| Investment properties are recorded at valuation.No depreciation is provided on freehold properties as such |
| assets are not held for consumption, but as investments, and the properties are well maintained and |
| externally valued on a regular open market basis. |
| Any surplus or deficit arising on revaluing investment properties is recognised in the revaluation reserve. |
| Disposals are recognised on completion. Profits and losses arising are recognised through the profit and |
| loss account; the profit on disposal is determined as the difference between the sales proceeds and the |
| carrying amount of the asset at the commencement of the accounting period plus additions in the period. |
| 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 statement of financial position date. |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| Turnover |
| The turnover shown in the profit and loss account represents amounts invoiced during the year. |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2016 |
| and 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Directors' current accounts | 23,620 | 8,728 |
| Accrued expenses |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 269,534 | 285,118 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a mortgage on the company's freehold property. |
| 7. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2016 | 410,038 |
| Profit for the year |
| At 31 January 2017 | 421,862 |
| Bell Hill Properties Limited (Registered number: 03906504) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 8. | RELATED PARTY DISCLOSURES |
| The company was under the joint control of Mr D R Hillier, Mr P J Hillier and Mr M A Pearce throughout the |
| year. |
| During the year, Hilliers Limited paid the company rent totalling £11,229 (2016 - £10,750) and Pearce |
| Hydraulics Limited paid rent totalling £7,259 (2016 - £6,438) . The rent was paid on a normal commercial |
| basis. No amounts were outstanding at the balance sheet date. |
| During the year, Hilliers Limited charged the company £nil (2016 - £16,199) for repair works. At the year |
| end £nil (2016 - £16,199) was outstanding. |
| D R Hillier |
| Director |
| 2017 | 2016 |
| Capital withdrawn | 8,728 | 400 |
| At the year end the company owed the director £nil (2016 - £8,728) in respect of his directors loan account. |
| P J Hillier |
| Director |
| 2017 | 2016 |
| Capital introduced | 23,620 | - |
| At the year end the company owed the director £23,620 (2016 - £nil) in respect of his directors loan |
| account. |