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REGISTERED NUMBER: 03793933 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BELLHUNT LIMITED

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BELLHUNT LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: Mr C Fulton





SECRETARY: Mr H Goldsobel





REGISTERED OFFICE: 19-20 Bourne Court
Unity Trading Estate
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 03793933 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

ABRIDGED BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 2,787,717 2,787,717
2,787,718 2,787,718

CURRENT ASSETS
Debtors 6 2,046,165 2,134,382
Cash at bank 65,546 28,907
2,111,711 2,163,289
CREDITORS
Amounts falling due within one year 367,322 120,858
NET CURRENT ASSETS 1,744,389 2,042,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,532,107

4,830,149

CREDITORS
Amounts falling due after more than one year 7 (2,227,500 ) (2,463,239 )

PROVISIONS FOR LIABILITIES 9 (423,347 ) (423,347 )
NET ASSETS 1,881,260 1,943,563

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

ABRIDGED BALANCE SHEET - continued
31 July 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 1,270,040 1,270,040
Retained earnings 611,218 673,521
SHAREHOLDERS' FUNDS 1,881,260 1,943,563

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 October 2024 and were signed by:





Mr C Fulton - Director


BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Bellhunt 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.

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 investment properties..

Turnover
Turnover comprises income received from properties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 balance sheet date.

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

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 2,787,717
NET BOOK VALUE
At 31 July 2023 2,787,717
At 31 July 2022 2,787,717

Investment property was valued on an open market basis on 31 July 2023 by the director.

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,046,165 2,113,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
RBS loan - 1 1,800,000 -
RBS loan - 2 427,500 -
2,227,500 -

Included in other creditors after more than one year is a loan due to Mr C Fulton, the director, amounting to £Nil (2022: £743,239)

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,227,500 1,795,000

The Royal Bank of Scotland holds a debenture and legal charge in respect of the freehold properties at 91/92 Turnmill Street, London and 79 Manor Road, Stoke Newington, London. They also hold a cross company guarantee between Bellhunt Limited and Bellhunt 2 Limited in respect of the company's borrowing.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 423,347 423,347

Deferred
tax
£   
Balance at 1 August 2022 423,347
Balance at 31 July 2023 423,347

BELLHUNT LIMITED (REGISTERED NUMBER: 03793933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Mr C Fulton, the director, has given a personal guarantee of £500,000 in support of the term loan from Royal Bank of Scotland.