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REGISTERED NUMBER: 08963575 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Bella Mercia Limited

Bella Mercia Limited (Registered number: 08963575)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bella Mercia Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: S M J Bell
Mrs S A Bell





REGISTERED OFFICE: Field House
Aston-by-Stone
Staffordshire
ST15 0BH





REGISTERED NUMBER: 08963575 (England and Wales)

Bella Mercia Limited (Registered number: 08963575)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 12,667 14,859
12,667 14,859

CURRENT ASSETS
Debtors 7 2,606 1,769
Cash at bank 58,881 64,820
61,487 66,589
CREDITORS
Amounts falling due within one year 8 (49,292 ) (48,535 )
NET CURRENT ASSETS 12,195 18,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,862

32,913

PROVISIONS FOR LIABILITIES 10 (2,752 ) (2,439 )
NET ASSETS 22,110 30,474

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 20,110 28,474
SHAREHOLDERS' FUNDS 22,110 30,474

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.

Bella Mercia Limited (Registered number: 08963575)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





S M J Bell - Director


Bella Mercia Limited (Registered number: 08963575)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

The principle activity of Bella Mercia Limited is that of real estate management.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Grosvenor House, Central Park, Telford, TF2 9TW and the address of the registered office is Field House, Aston-By-Stone, Staffordshire, England, ST15 0BH. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

The directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue represents commissions and fees receivable in the year, excluding value added tax and is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2013 and 2014, has been amortised in full over it's estimated useful life of five years.

Franchise fees
Franchise fees relates to an amount transferred from Bella Mercia (Aston) LLP in connection with fees paid in the the period ended 31 December 2010. It has been amortised in full, writing off the asset over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance


Bella Mercia Limited (Registered number: 08963575)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Franchise
Goodwill fees Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 430,000 6,563 436,563
AMORTISATION
At 1 April 2022
and 31 March 2023 430,000 6,563 436,563
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

Bella Mercia Limited (Registered number: 08963575)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 25,552 16,630 42,182
Additions - 397 397
At 31 March 2023 25,552 17,027 42,579
DEPRECIATION
At 1 April 2022 16,357 10,966 27,323
Charge for year 1,379 1,210 2,589
At 31 March 2023 17,736 12,176 29,912
NET BOOK VALUE
At 31 March 2023 7,816 4,851 12,667
At 31 March 2022 9,195 5,664 14,859

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,606 1,769

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,002 10,370
Taxation and social security 34,438 34,475
Other creditors 2,852 3,690
49,292 48,535

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,389 11,639
Between one and five years 8,656 15,156
21,045 26,795

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,752 2,439

Bella Mercia Limited (Registered number: 08963575)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 2,439
Charge for the year 313
Balance at 31 March 2023 2,752