IRIS Accounts Production v23.4.0.336 09148506 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model Ordinary Share Capital 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091485062022-07-31091485062023-07-31091485062022-08-012023-07-31091485062021-07-31091485062021-08-012022-07-31091485062022-07-3109148506ns15:EnglandWales2022-08-012023-07-3109148506ns14:PoundSterling2022-08-012023-07-3109148506ns10:Director12022-08-012023-07-3109148506ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109148506ns10:SmallEntities2022-08-012023-07-3109148506ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109148506ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109148506ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109148506ns10:FullAccounts2022-08-012023-07-3109148506ns10:OrdinaryShareClass12022-08-012023-07-3109148506ns10:RegisteredOffice2022-08-012023-07-3109148506ns5:CurrentFinancialInstruments2023-07-3109148506ns5:CurrentFinancialInstruments2022-07-3109148506ns5:Non-currentFinancialInstruments2023-07-3109148506ns5:Non-currentFinancialInstruments2022-07-3109148506ns5:ShareCapital2023-07-3109148506ns5:ShareCapital2022-07-3109148506ns5:RevaluationReserve2023-07-3109148506ns5:RevaluationReserve2022-07-3109148506ns5:RetainedEarningsAccumulatedLosses2023-07-3109148506ns5:RetainedEarningsAccumulatedLosses2022-07-3109148506ns5:FurnitureFittings2022-08-012023-07-3109148506ns5:FurnitureFittings2022-07-3109148506ns5:FurnitureFittings2023-07-3109148506ns5:FurnitureFittings2022-07-3109148506ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109148506ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109148506ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3109148506ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3109148506ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3109148506ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3109148506ns5:Secured2023-07-3109148506ns5:Secured2022-07-3109148506ns10:OrdinaryShareClass12023-07-3109148506ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 09148506 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BELFAST ESTATES LTD

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BELFAST ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: N E Stern





REGISTERED OFFICE: 19 Belfast Road
London
N16 6U





REGISTERED NUMBER: 09148506 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,050 4,764
Investment property 5 1,042,795 1,042,795
1,046,845 1,047,559

CURRENT ASSETS
Debtors 6 394,613 383,808
Cash at bank 3,819 2,277
398,432 386,085
CREDITORS
Amounts falling due within one year 7 (376,594 ) (361,218 )
NET CURRENT ASSETS 21,838 24,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,683

1,072,426

CREDITORS
Amounts falling due after more than one
year

8

(554,379

)

(566,959

)
NET ASSETS 514,304 505,467

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 326,550 326,550
Retained earnings 12 187,753 178,916
SHAREHOLDERS' FUNDS 514,304 505,467

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

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

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 17 April 2024 and were signed by:





N E Stern - Director


BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Belfast Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents net rent receivable, excluding 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.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

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

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 14,108
DEPRECIATION
At 1 August 2022 9,344
Charge for year 714
At 31 July 2023 10,058
NET BOOK VALUE
At 31 July 2023 4,050
At 31 July 2022 4,764

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,042,795
NET BOOK VALUE
At 31 July 2023 1,042,795
At 31 July 2022 1,042,795

The director has confirmed that, there is no significant market value increase or decrease in properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 9,496 5,896
Other debtors 385,117 377,912
394,613 383,808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 14,500 11,966
Other creditors 362,094 349,252
376,594 361,218

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 9) 522,600 528,182
Other creditors 31,779 38,777
554,379 566,959

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 304,457 304,457

Repayable by instalments
Bank loans more 5 yr by instal 218,143 223,725

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 31,779 38,777

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 304,457 304,457

Repayable by instalments
Bank loans more 5 yr by instal 218,143 223,725

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 522,600 528,182
Other loans 31,779 38,777
554,379 566,959

1. Long term bank loan is secured by first charge over the company's investment property.

2. Short term bank loan is unsecured and received under Bounceback Loan Scheme (BBL) which is guaranteed by UK government.

BELFAST ESTATES LTD (REGISTERED NUMBER: 09148506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary Share Capital 0.01 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 178,916 326,550 505,466
Profit for the year 8,837 8,837
At 31 July 2023 187,753 326,550 514,303

13. ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.