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REGISTERED NUMBER: 03491527 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Bellview Estates Limited

Bellview Estates Limited (Registered number: 03491527)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bellview Estates Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J Friedman





SECRETARY: Mrs R Friedman





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 03491527 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Bellview Estates Limited (Registered number: 03491527)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,190 12,253
Investment property 5 19,845,000 19,465,000
19,854,190 19,477,253

CURRENT ASSETS
Debtors 6 5,596,827 4,894,715
Cash at bank and in hand 27,953 32,728
5,624,780 4,927,443
CREDITORS
Amounts falling due within one year 7 9,855,222 3,205,889
NET CURRENT (LIABILITIES)/ASSETS (4,230,442 ) 1,721,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,623,748

21,198,807

CREDITORS
Amounts falling due after more than one
year

8

(2,894,960

)

(8,565,540

)

PROVISIONS FOR LIABILITIES 9 (2,308,635 ) (1,723,259 )
NET ASSETS 10,420,153 10,910,008

CAPITAL AND RESERVES
Called up share capital 10 1 1
Non distributable reserves 10,167,652 10,529,917
Retained earnings 252,500 380,090
SHAREHOLDERS' FUNDS 10,420,153 10,910,008

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

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

Bellview Estates Limited (Registered number: 03491527)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





J Friedman - Director


Bellview Estates Limited (Registered number: 03491527)

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


1. STATUTORY INFORMATION

Bellview Estates 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 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.

Turnover
The turnover is derived from the company's continuing activities of property investment.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 February 2022
and 31 January 2023 195,367 5,285 200,652
DEPRECIATION
At 1 February 2022 183,819 4,580 188,399
Charge for year 2,887 176 3,063
At 31 January 2023 186,706 4,756 191,462
NET BOOK VALUE
At 31 January 2023 8,661 529 9,190
At 31 January 2022 11,548 705 12,253

Bellview Estates Limited (Registered number: 03491527)

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


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2022 19,465,000
Additions 156,884
Revaluations 223,116
At 31 January 2023 19,845,000
NET BOOK VALUE
At 31 January 2023 19,845,000
At 31 January 2022 19,465,000

Fair value at 31 January 2023 is represented by:
£
Valuation in 2014 3,374,087
Valuation in 2017 4,645,566
Valuation in 2021 883,519
Valuation in 2022 3,350,000
Valuation in 2023 223,116
Cost 7,368,712
19,845,000

Investment properties are shown at 'Fair Value' based on director's valuation on an open market basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Trade debtors 192,357 168,443
Other debtors 5,404,470 4,726,272
5,596,827 4,894,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Bank loans and overdrafts 5,648,498 106,120
Trade creditors 9,614 14,736
Taxation and social security 55,265 97,371
Other creditors 4,141,845 2,987,662
9,855,222 3,205,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£ £
Bank loans 2,894,960 8,565,540

Bellview Estates Limited (Registered number: 03491527)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,860,764 8,245,291

Repayable by instalments
Bank Loan > 5 years 9,068 18,982

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£ £
Deferred tax 2,308,635 1,723,259

Deferred tax
£
Balance at 1 February 2022 1,723,259
Provided during year 585,376
Balance at 31 January 2023 2,308,635

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £ £
1 Ordinary 1 1 1

11. RELATED PARTY DISCLOSURES

Included within debtors are amounts totalling £3,303,852 (2022: £3,193,937) due from companies in which J Friedman is a director and/or a shareholder.


Included within creditors are amounts totalling £1,006,482 (2022: £1,605,965) due to companies in which J Friedman is a director and/or a shareholder.