IRIS Accounts Production v23.1.5.20 01906795 director 1.1.22 31.12.22 31.12.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019067952021-12-31019067952022-12-31019067952022-01-012022-12-31019067952020-12-31019067952021-01-012021-12-31019067952021-12-3101906795ns15:EnglandWales2022-01-012022-12-3101906795ns14:PoundSterling2022-01-012022-12-3101906795ns10:Director12022-01-012022-12-3101906795ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3101906795ns10:SmallEntities2022-01-012022-12-3101906795ns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3101906795ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3101906795ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3101906795ns10:FullAccounts2022-01-012022-12-3101906795ns10:RegisteredOffice2022-01-012022-12-3101906795ns5:CurrentFinancialInstruments2022-12-3101906795ns5:CurrentFinancialInstruments2021-12-3101906795ns5:ShareCapital2022-12-3101906795ns5:ShareCapital2021-12-3101906795ns5:RevaluationReserve2022-12-3101906795ns5:RevaluationReserve2021-12-3101906795ns5:RetainedEarningsAccumulatedLosses2022-12-3101906795ns5:RetainedEarningsAccumulatedLosses2021-12-3101906795ns5:LandBuildings2021-12-3101906795ns5:FurnitureFittings2021-12-3101906795ns5:ComputerEquipment2021-12-3101906795ns5:LandBuildings2022-01-012022-12-3101906795ns5:FurnitureFittings2022-01-012022-12-3101906795ns5:ComputerEquipment2022-01-012022-12-3101906795ns5:LandBuildings2022-12-3101906795ns5:FurnitureFittings2022-12-3101906795ns5:ComputerEquipment2022-12-3101906795ns5:LandBuildings2021-12-3101906795ns5:FurnitureFittings2021-12-3101906795ns5:ComputerEquipment2021-12-3101906795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101906795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3101906795ns5:RevaluationReserve2021-12-31
REGISTERED NUMBER: 01906795 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Bell Retail Properties Ltd

Bell Retail Properties Ltd (Registered number: 01906795)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Bell Retail Properties Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S P Bell





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





REGISTERED NUMBER: 01906795 (England and Wales)

Bell Retail Properties Ltd (Registered number: 01906795)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,421,477 2,420,990

CURRENT ASSETS
Debtors 6 613,884 297,763
Prepayments and accrued income - 11,117
Cash at bank 9,465 195,492
623,349 504,372
CREDITORS
Amounts falling due within one year 7 3,191,494 2,801,575
NET CURRENT LIABILITIES (2,568,145 ) (2,297,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(146,668

)

123,787

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

ACCRUALS AND DEFERRED INCOME (2,520 ) (2,400 )
NET (LIABILITIES)/ASSETS (154,188 ) 116,387

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 143,884 143,884
Retained earnings (298,172 ) (27,597 )
SHAREHOLDERS' FUNDS (154,188 ) 116,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 2 November 2023 and were signed by:



S P Bell - Director


Bell Retail Properties Ltd (Registered number: 01906795)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Bell Retail Properties 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 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.

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:

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Bell Retail Properties Ltd (Registered number: 01906795)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2022 2,402,024 15,059 5,382 2,422,465
Additions - 3,074 3,812 6,886
At 31 December 2022 2,402,024 18,133 9,194 2,429,351
DEPRECIATION
At 1 January 2022 - 558 917 1,475
Charge for year - 4,348 2,051 6,399
At 31 December 2022 - 4,906 2,968 7,874
NET BOOK VALUE
At 31 December 2022 2,402,024 13,227 6,226 2,421,477
At 31 December 2021 2,402,024 14,501 4,465 2,420,990

Included in cost or valuation of land and buildings is freehold land of £ 2,402,024 (2021 - £ 2,402,024 ) which is not depreciated.

Cost or valuation at 31 December 2022 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2003 99,000 - - 99,000
Valuation in 2017 44,884 - - 44,884
Cost 2,258,140 18,133 9,194 2,285,467
2,402,024 18,133 9,194 2,429,351

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 792 (1,081 )
Other debtors 613,092 298,844
613,884 297,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 1,915 5,681
Taxation and social security 134 4,775
Other creditors 3,189,445 2,791,119
3,191,494 2,801,575

Bell Retail Properties Ltd (Registered number: 01906795)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 143,884