Registered number
14147305
BELLA MIA PROPERTY LIMITED
Unaudited Filleted Accounts
30 June 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
BELLA MIA PROPERTY LIMITED
Registered number: 14147305
Balance Sheet
as at 30 June 2023
Notes 2023
£
Fixed assets
Investments 3 350,000
Current assets
Debtors 4 10,729
Cash at bank and in hand 5,469
16,198
Creditors: amounts falling due within one year 5 (180,262)
Net current liabilities (164,064)
Total assets less current liabilities 185,936
Creditors: amounts falling due after more than one year 6 (234,000)
Net liabilities (48,064)
Capital and reserves
Called up share capital 100
Revaluation reserve 7 (45,740)
Profit and loss account (2,424)
Shareholder's funds (48,064)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Majid Sajjadi
Director
Approved by the board on 16 February 2024
BELLA MIA PROPERTY LIMITED
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments Properties
Investments Properties are revalued at the end of the year by the company director and any deficits or surpluses are recognised in the revaluation reserve.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Investments
Investment
Property
£
Cost
Additions 406,469
Revaluation (56,469)
At 30 June 2023 350,000
4 Debtors 2023
£
Deferred tax asset 10,729
5 Creditors: amounts falling due within one year 2023
£
Other creditors 180,262
6 Creditors: amounts falling due after one year 2023
£
Bank loan 234,000
The Bank loan is secured by a mortgage over the company investment property.
7 Revaluation reserve 2023
£
Loss on revaluation of land and buildings (56,469)
Deferred taxation arising on the revaluation of land and buildings 10,729
At 30 June 2023 (45,740)
8 Controlling party
The company was under the control of Majid Sajjadi , a director and shareholder of the company throughout the year.
9 Other information
BELLA MIA PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
29 Camden Road
Sutton
Surrey
SM1 2SH
BELLA MIA PROPERTY LIMITED 14147305 false 2022-06-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Mr Majid Sajjadi No description of principal activity 14147305 2022-06-01 2023-06-30 14147305 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-06-30 14147305 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-06-30 14147305 bus:Director40 2022-06-01 2023-06-30 14147305 1 2022-06-01 2023-06-30 14147305 2 2022-06-01 2023-06-30 14147305 core:RevaluationReserve core:LandBuildings 2022-06-01 2023-06-30 14147305 core:RevaluationReserve 2022-06-01 2023-06-30 14147305 countries:England 2022-06-01 2023-06-30 14147305 bus:FRS102 2022-06-01 2023-06-30 14147305 bus:FullAccounts 2022-06-01 2023-06-30 14147305 2023-06-30 14147305 core:WithinOneYear 2023-06-30 14147305 core:AfterOneYear 2023-06-30 14147305 core:ShareCapital 2023-06-30 14147305 core:OtherReservesSubtotal 2023-06-30 14147305 core:RetainedEarningsAccumulatedLosses 2023-06-30 14147305 core:RevaluationReserve 2023-06-30 14147305 2022-05-31 iso4217:GBP xbrli:pure