Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true2022-07-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02696519 2022-07-01 2023-06-30 02696519 2021-07-01 2022-06-30 02696519 2023-06-30 02696519 2022-06-30 02696519 c:Director1 2022-07-01 2023-06-30 02696519 d:ComputerEquipment 2022-07-01 2023-06-30 02696519 d:ComputerEquipment 2023-06-30 02696519 d:ComputerEquipment 2022-06-30 02696519 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 02696519 d:CurrentFinancialInstruments 2023-06-30 02696519 d:CurrentFinancialInstruments 2022-06-30 02696519 d:Non-currentFinancialInstruments 2023-06-30 02696519 d:Non-currentFinancialInstruments 2022-06-30 02696519 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02696519 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 02696519 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02696519 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 02696519 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 02696519 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 02696519 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 02696519 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 02696519 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 02696519 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 02696519 d:ShareCapital 2023-06-30 02696519 d:ShareCapital 2022-06-30 02696519 d:RetainedEarningsAccumulatedLosses 2023-06-30 02696519 d:RetainedEarningsAccumulatedLosses 2022-06-30 02696519 c:FRS102 2022-07-01 2023-06-30 02696519 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 02696519 c:FullAccounts 2022-07-01 2023-06-30 02696519 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02696519 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 02696519










BELLS SOUTHFIELDS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
BELLS SOUTHFIELDS LIMITED
REGISTERED NUMBER: 02696519

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
45

  
-
45

Current assets
  

Debtors: amounts falling due within one year
 5 
132,178
133,178

Cash at bank and in hand
  
2,029
1,471

  
134,207
134,649

Creditors: amounts falling due within one year
 6 
(55,698)
(53,115)

Net current assets
  
 
 
78,509
 
 
81,534

Total assets less current liabilities
  
78,509
81,579

Creditors: amounts falling due after more than one year
 7 
(34,565)
(39,839)

  

Net assets
  
43,944
41,740


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
42,944
40,740

  
43,944
41,740


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2024.
Page 1

 
BELLS SOUTHFIELDS LIMITED
REGISTERED NUMBER: 02696519
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023


R Taylor
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BELLS SOUTHFIELDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Bells Southfields Limited is a private company limited by shares. The company is incorporated in England and Wales, registered number 02696519. The registered office is 10 Queen Street Place, London, EC4R 1AG.
The principal activity of the company is management of real estate. 
The company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue represents rental income due less payments received in advance. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

 
BELLS SOUTHFIELDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
BELLS SOUTHFIELDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2022
1,626



At 30 June 2023

1,626



Depreciation


At 1 July 2022
1,581


Charge for the year on owned assets
45



At 30 June 2023

1,626



Net book value



At 30 June 2023
-



At 30 June 2022
45


5.


Debtors

2023
2022
£
£


Other debtors
132,178
133,178


Page 5

 
BELLS SOUTHFIELDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
5,274
5,144

Trade creditors
2,640
2,832

Other creditors
43,885
40,979

Accruals
3,899
4,160

55,698
53,115


The bank loan received on the 10 June 2020, relates to the Bounce Back Loan Scheme. The loan term is 10 years with no interest payable for the first 12 months, thereafter the interest rate is fixed at 2.5%. Under the terms of the scheme the UK Government will cover any interest charges on the loan for the first 12 months.


7.


Creditors: Amounts falling due after more than one year

As restated
2023
2022
£
£

Other loans
34,565
39,839



8.


Loans


Analysis of the maturity of loans is given below:


As restated
2023
2022
£
£

Amounts falling due within one year

Other loans
5,274
5,144

Amounts falling due 1-2 years

Other loans
5,407
5,274

Amounts falling due 2-5 years

Other loans
17,056
16,635

Amounts falling due after more than 5 years

Other loans
12,102
17,930

39,839
44,983


Page 6

 
BELLS SOUTHFIELDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Related party transactions

Included in other debtors is £1,000 (2022: £1,000) due from Altonville Properties Limited, £72,074 (2022: £72,074) due from Derri Properties Limited, £27,550 (2022: £27,550) due from Enfranchise 496 Limited, £5,250 (2022: £5,250) due from Prime Pharmaceuticals Limited, all companies are under the control of R Taylor, the director of the company. 
Included within other creditors is £34,324 (2022: £34,324) due to London and Contintental Securities Limited a company under the control of R Taylor, the director of the company. 

Page 7