Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseProperty development43falsetrue 13962206 2023-08-01 2024-07-31 13962206 2022-03-08 2023-07-31 13962206 2024-07-31 13962206 2023-07-31 13962206 c:Director2 2023-08-01 2024-07-31 13962206 d:CurrentFinancialInstruments 2024-07-31 13962206 d:CurrentFinancialInstruments 2023-07-31 13962206 d:Non-currentFinancialInstruments 2024-07-31 13962206 d:Non-currentFinancialInstruments 2023-07-31 13962206 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13962206 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13962206 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 13962206 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 13962206 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 13962206 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 13962206 d:ShareCapital 2024-07-31 13962206 d:ShareCapital 2023-07-31 13962206 d:RetainedEarningsAccumulatedLosses 2024-07-31 13962206 d:RetainedEarningsAccumulatedLosses 2023-07-31 13962206 c:OrdinaryShareClass1 2023-08-01 2024-07-31 13962206 c:OrdinaryShareClass1 2024-07-31 13962206 c:OrdinaryShareClass1 2023-07-31 13962206 c:FRS102 2023-08-01 2024-07-31 13962206 c:Audited 2023-08-01 2024-07-31 13962206 c:FullAccounts 2023-08-01 2024-07-31 13962206 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13962206 c:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13962206 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13962206









19-21 BELL STREET LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
19-21 BELL STREET LIMITED
REGISTERED NUMBER: 13962206

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
1,681,796
1,914,330

Debtors: amounts falling due within one year
 4 
15,519
36,512

  
1,697,315
1,950,842

Creditors: amounts falling due within one year
 5 
(1,829,293)
(1,074,077)

Net current (liabilities)/assets
  
 
 
(131,978)
 
 
876,765

Total assets less current liabilities
  
(131,978)
876,765

Creditors: amounts falling due after more than one year
 6 
-
(877,622)

  

Net liabilities
  
(131,978)
(857)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(132,078)
(957)

  
(131,978)
(857)


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 income and retained earnings 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 by: 






R B Gershon
Director

Date: 30 January 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
19-21 BELL STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company limited by shares and is incorporated in England and Wales.
The principal activity of the Company is that of property development.
The Registered Office address is 35 Ballards Lane, London, N3 1XW.

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

Going concern

The financial statements have been prepared on the going concern basis as in the opinion of the directors the company will generate future income sufficient to cover the liabilities of the company.
The company has made a loss in the year and has net liabilities. It relies on the support of a group entity which has confirmed its intention to provide support for a period of twelve months from the date of signing of the accounts.

 
2.3

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. The following criteria must also be met before revenue is recognised:

Turnover represents the sale proceeds of property sales completed during the year. Other income relates to the letting of property.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Stocks

Stock comprises development land and property stated at the lower of cost and selling price less
costs to complete and sell. Cost is based on the cost of purchase.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount
is reduced to its selling price less costs to complete and sell. The impairment loss is recognised
immediately in profit or loss.

Page 2

 
19-21 BELL STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings. 
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 3

 
19-21 BELL STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Debtors

2024
2023
£
£


Other debtors
10,929
33,923

Prepayments and accrued income
4,590
2,589

15,519
36,512



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
979,914
-

Trade creditors
7,759
-

Amounts owed to group undertakings
810,397
1,023,401

Other creditors
10,200
4,200

Accruals and deferred income
21,023
46,476

1,829,293
1,074,077


Amounts due from group companies are unsecured, bears interest at 13% and is repayable on demand.
Bank loans in the current year bears interest at 11.4% per annum, is repayable in June 2025 and is secured over the value of the stock, a personal guarantee by E Blumenfeld and B W Thwaites and a charge over the properties held in stock.


6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
877,622


Bank loans in the prior year accrued interest at a rate of 10.68% per annum and was refinanced through a new loan during the year. 

Page 4

 
19-21 BELL STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
979,914
-

Amounts falling due 1-2 years

Bank loans
-
877,622





8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

The Company paid interest of £11,379 (2023: £NIL) and management recharges of £26,839 (2023: £7,426) to a shareholder during the year. A balance of £810,397 (2023: £1,023,401) was payable to this shareholder at the end of the year.
Consulting fees of £8,502 was paid to an other related party during the year. A balance of £2,332 was payable to this related party at the end of the year.


10.


Controlling party

The parent undertaking is Tranos (UK) Limited, a company registered in England & Wales.
The registered office and principal place of business is 35 Ballards Lane, London, N3 1XW.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 30 January 2025 by Nick Bishop FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 5