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REGISTERED NUMBER: 01406661 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

A.M. Bell (Properties) Limited

A.M. Bell (Properties) Limited (Registered number: 01406661)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


A.M. Bell (Properties) Limited (Registered number: 01406661)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,647 3,900
Investment property 5 1,252,054 1,252,054
1,256,701 1,255,954

CURRENT ASSETS
Debtors 6 23,867 17,218
Cash at bank and in hand 34,532 23,859
58,399 41,077
CREDITORS
Amounts falling due within one year 7 100,884 81,829
NET CURRENT LIABILITIES (42,485 ) (40,752 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,214,216 1,215,202

CREDITORS
Amounts falling due after more than one year 8 (16,235 ) (27,987 )

PROVISIONS FOR LIABILITIES (114,285 ) (144,943 )
NET ASSETS 1,083,696 1,042,272

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 758,956 758,956
Retained earnings 324,640 283,216
SHAREHOLDERS' FUNDS 1,083,696 1,042,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

A.M. Bell (Properties) Limited (Registered number: 01406661)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





Mrs J R Lomas - Director


A.M. Bell (Properties) Limited (Registered number: 01406661)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A.M. Bell (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01406661

Registered office: Hawkshead Quarry
Leek Old Road
Sutton
Macclesfield
Cheshire
SK11 0JB

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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 Profit and Loss Account, 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.


A.M. Bell (Properties) Limited (Registered number: 01406661)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 22,756 5,118 - 27,874
Additions - - 1,776 1,776
At 31 March 2023 22,756 5,118 1,776 29,650
DEPRECIATION
At 1 April 2022 21,466 2,508 - 23,974
Charge for year 193 392 444 1,029
At 31 March 2023 21,659 2,900 444 25,003
NET BOOK VALUE
At 31 March 2023 1,097 2,218 1,332 4,647
At 31 March 2022 1,290 2,610 - 3,900

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,252,054
NET BOOK VALUE
At 31 March 2023 1,252,054
At 31 March 2022 1,252,054

A.M. Bell (Properties) Limited (Registered number: 01406661)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 585,926
Valuation in 1988 173,030
Cost 493,098
1,252,054

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,867 17,218
Other debtors 7,000 -
23,867 17,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 46,433 13,065
Taxation and social security 4,515 14,179
Other creditors 42,936 47,585
100,884 81,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,235 23,019
Other creditors - 4,968
16,235 27,987

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 23,235 30,019

The bank loan is secured by means of a fixed and floating charge over the assets of the company.