Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10668285 Mr Azad Atadjanov Mrs Halida Atadjanova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10668285 2023-03-31 10668285 2024-03-31 10668285 2023-04-01 2024-03-31 10668285 frs-core:CurrentFinancialInstruments 2024-03-31 10668285 frs-core:Non-currentFinancialInstruments 2024-03-31 10668285 frs-core:FurnitureFittings 2024-03-31 10668285 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10668285 frs-core:FurnitureFittings 2023-03-31 10668285 frs-core:ShareCapital 2024-03-31 10668285 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10668285 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10668285 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10668285 frs-bus:SmallEntities 2023-04-01 2024-03-31 10668285 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10668285 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10668285 frs-bus:Director1 2023-04-01 2024-03-31 10668285 frs-bus:Director2 2023-04-01 2024-03-31 10668285 frs-countries:EnglandWales 2023-04-01 2024-03-31 10668285 2022-03-31 10668285 2023-03-31 10668285 2022-04-01 2023-03-31 10668285 frs-core:CurrentFinancialInstruments 2023-03-31 10668285 frs-core:Non-currentFinancialInstruments 2023-03-31 10668285 frs-core:ShareCapital 2023-03-31 10668285 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10668285
WHITE BELL PROPERTIES LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Optimise Accountants Ltd
ACCA
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10668285
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,626 3,282
Investment Properties 5 970,422 620,696
973,048 623,978
CURRENT ASSETS
Debtors 6 - 14,072
Cash at bank and in hand 823 11,602
823 25,674
Creditors: Amounts Falling Due Within One Year 7 (293,900 ) (192,911 )
NET CURRENT ASSETS (LIABILITIES) (293,077 ) (167,237 )
TOTAL ASSETS LESS CURRENT LIABILITIES 679,971 456,741
Creditors: Amounts Falling Due After More Than One Year 8 (791,751 ) (487,599 )
NET LIABILITIES (111,780 ) (30,858 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (111,782 ) (30,860 )
SHAREHOLDERS' FUNDS (111,780) (30,858)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Azad Atadjanov
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WHITE BELL PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10668285 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 5,129
As at 31 March 2024 5,129
Depreciation
As at 1 April 2023 1,847
Provided during the period 656
As at 31 March 2024 2,503
Net Book Value
As at 31 March 2024 2,626
As at 1 April 2023 3,282
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 620,696
Additions 439,429
Disposals (89,703 )
As at 31 March 2024 970,422
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 14,072
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 6,382 6,154
Other loans 94,970 -
Other creditors 192,547 186,757
293,900 192,911
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 791,751 487,599
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 791,751 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4