Bell Hill Properties Limited - Accounts to registrar (filleted) - small 18.2

Bell Hill Properties Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03906504(England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Bell Hill Properties Limited

Bell Hill Properties Limited (Registered number: 03906504)






Contents of the Financial Statements
for the Year Ended 31 January 2018




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 2018







DIRECTORS: D R Hillier
P J Hillier





SECRETARY: M A Pearce





REGISTERED OFFICE: 140 Bell Hill Road
St George
Bristol
BS5 7NF





REGISTERED NUMBER: 03906504(England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
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 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 881,518 881,518

CURRENT ASSETS
Cash at bank 716 2,743

CREDITORS
Amounts falling due within one year 4 36,742 39,477
NET CURRENT LIABILITIES (36,026 ) (36,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,492

844,784

CREDITORS
Amounts falling due after more than one
year

5

(314,721

)

(328,520

)

PROVISIONS FOR LIABILITIES (94,312 ) (94,312 )
NET ASSETS 436,459 421,952

Bell Hill Properties Limited (Registered number: 03906504)

Statement of Financial Position - continued
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 7 377,249 377,249
Retained earnings 7 59,120 44,613
SHAREHOLDERS' FUNDS 436,459 421,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 19 October 2018and were signed on its
behalf by:




D R Hillier- Director



P J Hillier- Director


Bell Hill Properties Limited (Registered number: 03906504)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Bell Hill 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 2018

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 2017
and 31 January 2018 881,518
NET BOOK VALUE
At 31 January 2018 881,518
At 31 January 2017 881,518

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Bank loans and overdrafts 13,799 13,110
Related party creditor 1,500 -
Tax 3,042 2,446
Directors' current accounts 18,100 23,620
Accrued expenses 301 301
36,742 39,477

Bell Hill Properties Limited (Registered number: 03906504)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.18 31.1.17
£    £   
Bank loans - 2-5 years 62,327 58,986
Bank loans more 5 yr by instal 252,394 269,534
314,721 328,520

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,394 269,534

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.18 31.1.17
£    £   
Bank loans 328,520 341,630

The bank loan is secured by a mortgage on the company's freehold property.

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2017 44,613 377,249 421,862
Profit for the year 14,507 14,507
At 31 January 2018 59,120 377,249 436,369

Bell Hill Properties Limited (Registered number: 03906504)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

8. RELATED PARTY DISCLOSURES

During the year, Hilliers Limited paid the company rent totalling £11,950 (2017 - £11,229) and Pearce
Hydraulics Limited paid rent totalling £5,400 (2017 - £7,259) . 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 £5,000 (2017 - £nil) for repair works. At the year
end £1,500 (2017 - £nil) was outstanding.


D R Hillier
Director
20182017

Capital withdrawn-8,728


At the year end the company owed the director £nil (2017 - £nil) in respect of his directors loan account.



P J Hillier
Director
20182017

Capital introduced-23,620

Capital withdrawn5,520-

At the year end the company owed the director £18,100 (2017 - £23,620) in respect of his directors
loan account.

9. ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr D R Hillier, Mr P J Hillier and Mr M A Pearce throughout
the year.