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Registration number: 13198192

Belleview Mortlakes Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Belleview Mortlakes Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Belleview Mortlakes Limited

Company Information

Directors

H Varsani

M Yianni

S Ali

Registered office

590 Green Lanes
London
N13 5RY

Accountants

Thomas Alexander & Co Ltd
Charetered Accountants590 Green Lanes
Palmers Green
London
N13 5RY

 

Belleview Mortlakes Limited

(Registration number: 13198192)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

572,511

1,331,168

Investments

5

100

100

 

572,611

1,331,268

Current assets

 

Debtors

6

1,113,945

546,692

Cash at bank and in hand

 

98,375

76,891

 

1,212,320

623,583

Creditors: Amounts falling due within one year

7

(1,163,773)

(1,427,489)

Net current assets/(liabilities)

 

48,547

(803,906)

Total assets less current liabilities

 

621,158

527,362

Creditors: Amounts falling due after more than one year

7

(296,303)

(409,398)

Net assets

 

324,855

117,964

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

324,852

117,961

Shareholders' funds

 

324,855

117,964

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 July 2025 and signed on its behalf by:
 

.........................................
M Yianni
Director

 

Belleview Mortlakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
London
N13 5RY

The principal place of business is:
4 Crossfield Chambers
Gladbeck Way
Enfield
EN2 7HT

These financial statements were authorised for issue by the Board on 16 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group..

Revenue recognition

Turnover represents amounts derived from rents charged to tenants during the period and is recognised at the date the rental period occurred. This is stated after discounts and other sales taxes

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Belleview Mortlakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Belleview Mortlakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4

Investment properties

2025
£

At 1 March

1,331,168

Additions

350,134

Disposals

(1,108,791)

At 28 February

572,511

The investment property has been recorded in the financial statements at historic cost which is considered by the directors to be equal to the fair value

5

Investments

2025
£

2024
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 March 2024

100

Provision

Carrying amount

At 28 February 2025

100

At 29 February 2024

100

 

Belleview Mortlakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2024

Subsidiary undertakings

Eton House Investments Lmited

590 Green Lanes, London N13 5RY

Ordinary

100%

100%

Subsidiary undertakings

Eton House Investments Lmited

The principal activity of Eton House Investments Lmited is Property investment. The profit for the financial period of Eton House Investments Lmited was £7,152 and the aggregate amount of Capital and reserves at the end of the period was £220.

6

Debtors

Note

2025
£

2024
£

Trade debtors

 

1,496

-

Amounts owed by related company

1,112,245

546,391

Other debtors

 

-

98

Prepayments

 

204

203

 

1,113,945

546,692

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

-

121,651

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,131,646

1,266,646

Director loan account

 

100

100

Bank borrowings

 

5,541

16,404

Other creditors

 

26,486

22,688

 

1,163,773

1,427,489

 

Belleview Mortlakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

296,303

409,398


The bank loan is secured by a legal charge over the company's property and a fixed & floating charge over the Company's assets

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3