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REGISTERED NUMBER: 03491527 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Bellview Estates Limited

Bellview Estates Limited (Registered number: 03491527)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bellview Estates Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J Friedman





SECRETARY: Mrs R Friedman





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 03491527 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Bellview Estates Limited (Registered number: 03491527)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,893 9,190
Investments 5 100 -
Investment property 6 16,729,999 19,845,000
16,736,992 19,854,190

CURRENT ASSETS
Debtors 7 7,989,419 5,596,827
Cash at bank and in hand 24,819 27,953
8,014,238 5,624,780
CREDITORS
Amounts falling due within one year 8 3,732,529 9,855,222
NET CURRENT ASSETS/(LIABILITIES) 4,281,709 (4,230,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,018,701

15,623,748

CREDITORS
Amounts falling due after more than one
year

9

(9,864,652

)

(2,894,960

)

PROVISIONS FOR LIABILITIES 10 (1,912,641 ) (2,308,635 )
NET ASSETS 9,241,408 10,420,153

CAPITAL AND RESERVES
Called up share capital 11 1 1
Non distributable reserves 8,527,525 10,167,652
Retained earnings 713,882 252,500
SHAREHOLDERS' FUNDS 9,241,408 10,420,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Bellview Estates Limited (Registered number: 03491527)

Balance Sheet - continued
31 January 2024


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 24 January 2025 and were signed by:





J Friedman - Director


Bellview Estates Limited (Registered number: 03491527)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Bellview Estates 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.

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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 February 2023
and 31 January 2024 195,367 5,285 200,652
DEPRECIATION
At 1 February 2023 186,706 4,756 191,462
Charge for year 2,165 132 2,297
At 31 January 2024 188,871 4,888 193,759
NET BOOK VALUE
At 31 January 2024 6,496 397 6,893
At 31 January 2023 8,661 529 9,190

Bellview Estates Limited (Registered number: 03491527)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 100
At 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023 19,845,000
Additions 11,638
Disposals (1,090,517 )
Revaluations (2,036,122 )
At 31 January 2024 16,729,999
NET BOOK VALUE
At 31 January 2024 16,729,999
At 31 January 2023 19,845,000

Fair value at 31 January 2024 is represented by:
£
Valuation in 2014 3,374,087
Valuation in 2017 4,645,566
Valuation in 2021 883,519
Valuation in 2022 3,350,000
Valuation in 2023 223,116
Valuation in 2024 (2,036,122 )
Cost 6,289,833
16,729,999

Investment properties are shown at 'Fair Value' based on director's valuation on an open market basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 200,883 192,357
Other debtors 7,788,536 5,404,470
7,989,419 5,596,827

Bellview Estates Limited (Registered number: 03491527)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 1,635,155 5,648,498
Trade creditors 3,062 9,614
Taxation and social security 2,091 55,265
Other creditors 2,092,221 4,141,845
3,732,529 9,855,222

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£ £
Bank loans 9,864,652 2,894,960

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 9,833,833 2,860,764

Repayable by instalments
Bank Loan > 5 years 11,503 9,068

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£ £
Deferred tax 1,912,641 2,308,635

Deferred tax
£
Balance at 1 February 2023 2,308,635
Provided during year (395,994 )
Balance at 31 January 2024 1,912,641

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £ £
1 Ordinary 1 1 1

Bellview Estates Limited (Registered number: 03491527)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


12. RELATED PARTY DISCLOSURES

Included within debtors are amounts totalling £5,000,232 (2023: £3,303,852) due from companies in which J Friedman is a director and/or a shareholder.


Included within creditors are amounts totalling £773,015 (2023: £1,006,482) due to companies in which J Friedman is a director and/or a shareholder.