REGISTERED NUMBER: 03906504 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2016

for

Bell Hill Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Investment property

2

881,518

875,977

CURRENT ASSETS

Cash at bank

2,893

616

CREDITORS

Amounts falling due within one year

3

38,341

9,909

NET CURRENT LIABILITIES

(35,448

)

(9,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

846,070

866,684

CREDITORS

Amounts falling due after more than one year

4

(341,630

)

(365,000

)

PROVISIONS FOR LIABILITIES

7

(94,312

)

(94,312

)

NET ASSETS

410,128

407,372

CAPITAL AND RESERVES

Called up share capital

8

90

90

Revaluation reserve

9

377,249

377,249

Retained earnings

9

32,789

30,033

SHAREHOLDERS' FUNDS

410,128

407,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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.

The financial statements were approved by the Board of Directors on 10 October 2016 and were signed on its behalf by:

D R Hillier - Director

P J Hillier - Director

1.	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" 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.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);

•

the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

•

the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

•

the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of Section 33 Related Party Disclosures paragraph 33.7.

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.

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.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

2.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2015

875,977

Additions

5,541

At 31 January 2016

881,518

NET BOOK VALUE

At 31 January 2016

881,518

At 31 January 2015

875,977

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.16

31.1.15

£

£

Bank loans and overdrafts (see note 5)

12,423

-

Trade creditors

16,200

-

Taxation and social security

689

520

Other creditors

9,029

9,389

38,341

9,909

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.16

31.1.15

£

£

Bank loans (see note 5)

341,630

365,000

5.

LOANS

An analysis of the maturity of loans is given below:

31.1.16

31.1.15

£

£

Amounts falling due within one year or on demand:

Bank loans

12,423

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

56,512

-

31.1.16

31.1.15

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

285,118

365,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.16

31.1.15

£

£

Bank loans

354,053

365,000

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

7.	PROVISIONS FOR LIABILITIES

31.1.16

31.1.15

£

£

Deferred tax

94,312

94,312

Deferred

tax

£

Balance at 1 February 2015

94,312

Balance at 31 January 2016

94,312

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

90

Ordinary

1

90

90

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2015

30,033

377,249

407,282

Profit for the year

2,756

2,756

At 31 January 2016

32,789

377,249

410,038

10.	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 £10,750 (2015 - £10,593) and Pearce

Hydraulics Limited paid rent totalling £6,438 (2015 - £9,000) . 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 £16,199 (2015 - £nil) for repair works. At the

year end £16,199 (2015 - £nil) was outstanding.

D R Hillier

Director

2016

2015

Capital introduced

-

8,200

Capital withdrawn

400

-

At the year end the company owed the director £8,728 (2015: £9,128) in respect of his directors loan

account.