Silverfin false false 31/12/2024 01/01/2024 31/12/2024 A J C Elliman P M Hinchliffe P Innes E B McWilliams S D Ralph 29 July 2025 The principal activity of the Company during the financial year was to act as the management company for the Bell & Colvill group of companies 00974790 2024-12-31 00974790 2023-12-31 00974790 core:CurrentFinancialInstruments 2024-12-31 00974790 core:CurrentFinancialInstruments 2023-12-31 00974790 core:Non-currentFinancialInstruments 2024-12-31 00974790 core:Non-currentFinancialInstruments 2023-12-31 00974790 core:ShareCapital 2024-12-31 00974790 core:ShareCapital 2023-12-31 00974790 core:SharePremium 2024-12-31 00974790 core:SharePremium 2023-12-31 00974790 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 00974790 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 00974790 core:CapitalRedemptionReserve 2024-12-31 00974790 core:CapitalRedemptionReserve 2023-12-31 00974790 core:RetainedEarningsAccumulatedLosses 2024-12-31 00974790 core:RetainedEarningsAccumulatedLosses 2023-12-31 00974790 core:Goodwill 2023-12-31 00974790 core:OtherResidualIntangibleAssets 2023-12-31 00974790 core:Goodwill 2024-12-31 00974790 core:OtherResidualIntangibleAssets 2024-12-31 00974790 core:LandBuildings 2023-12-31 00974790 core:LandBuildings 2024-12-31 00974790 core:CostValuation 2023-12-31 00974790 core:CostValuation 2024-12-31 00974790 core:MoreThanFiveYears 2024-12-31 00974790 core:MoreThanFiveYears 2023-12-31 00974790 2024-01-01 2024-12-31 00974790 bus:FilletedAccounts 2024-01-01 2024-12-31 00974790 bus:SmallEntities 2024-01-01 2024-12-31 00974790 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00974790 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00974790 bus:Director1 2024-01-01 2024-12-31 00974790 bus:Director2 2024-01-01 2024-12-31 00974790 bus:Director3 2024-01-01 2024-12-31 00974790 bus:Director4 2024-01-01 2024-12-31 00974790 bus:Director5 2024-01-01 2024-12-31 00974790 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 00974790 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 00974790 core:Goodwill 2024-01-01 2024-12-31 00974790 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 00974790 2023-01-01 2023-12-31 00974790 core:LandBuildings 2024-01-01 2024-12-31 00974790 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 00974790 (England and Wales)

# BELL & COLVILL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BELL & COLVILL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BELL & COLVILL LIMITED

## BALANCE SHEET

As at 31 December 2024
BELL & COLVILL LIMITED

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 2,972,260 |  | 2,689,163
Investment property | 5 | 1,227,676 |  | 1,227,676
Investments | 6 | 4 |  | 4
|  | 4,199,940 |  | 3,916,843
Current assets |  |  |  |
Stocks | 7 | 568,370 |  | 0
Debtors | 8 | 19,526 |  | 76,718
Cash at bank and in hand |  | 216,082 |  | 190,250
|  | 803,978 |  | 266,968
Creditors: amounts falling due within one year | 9 | ( 1,269,010) |  | ( 273,160)
Net current liabilities |  | (465,032) |  | (6,192)
Total assets less current liabilities |  | 3,734,908 |  | 3,910,651
Creditors: amounts falling due after more than one year | 10 | ( 934,653) |  | ( 1,015,305)
Provision for liabilities |  | ( 117,809) |  | ( 117,672)
Net assets |  | 2,682,446 |  | 2,777,674
Capital and reserves |  |  |  |
Called-up share capital |  | 53,279 |  | 53,279
Share premium account |  | 137,415 |  | 137,415
Fair value reserve |  | 796,922 |  | 796,922
Capital redemption reserve |  | 130,937 |  | 130,937
Profit and loss account |  | 1,563,893 |  | 1,659,121
Total shareholder's funds |  | 2,682,446 |  | 2,777,674

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bell & Colvill Limited (registered number: 00974790) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

A J C Elliman Director |

BELL & COLVILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BELL & COLVILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Bell & Colvill Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Epsom Road, West Horsley, KT24 6DG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line
Other intangible assets | 5 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Intangible assets

| Goodwill |  | Other intangible assets |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2024 | 36,224 |  | 37,600 |  | 73,824
At 31 December 2024 | 36,224 |  | 37,600 |  | 73,824
Accumulated amortisation |  |  |  |  |
At 01 January 2024 | 36,224 |  | 37,600 |  | 73,824
At 31 December 2024 | 36,224 |  | 37,600 |  | 73,824
Net book value |  |  |  |  |
At 31 December 2024 | 0 |  | 0 |  | 0
At 31 December 2023 | 0 |  | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 2,689,163 |  | 2,689,163
Additions | 283,097 |  | 283,097
At 31 December 2024 | 2,972,260 |  | 2,972,260
Accumulated depreciation |  |  |
At 01 January 2024 | 0 |  | 0
At 31 December 2024 | 0 |  | 0
Net book value |  |  |
At 31 December 2024 | 2,972,260 |  | 2,972,260
At 31 December 2023 | 2,689,163 |  | 2,689,163

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 January 2024 | 1,227,676
As at 31 December 2024 | 1,227,676

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £1,227,676 (2023 - £1,227,676).

#### 6. Fixed asset investments

Investments in subsidiaries

| 2024
| £
Cost |
At 01 January 2024 | 4
At 31 December 2024 | 4
Carrying value at 31 December 2024 | 4
Carrying value at 31 December 2023 | 4

#### 7. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 568,370 |  | 0

#### 8. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by Group undertakings | 0 |  | 55,979
Other debtors | 19,526 |  | 20,739
| 19,526 |  | 76,718

#### 9. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 92,387 |  | 89,437
Amounts owed to Group undertakings | 1,166,522 |  | 181,421
Other creditors | 10,101 |  | 2,302
| 1,269,010 |  | 273,160

#### 10. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans (secured) | 934,653 |  | 1,015,305

The bank loan is secured by a first legal mortgage over property within land and buildings.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2024 |  | 2023
| £ |  | £
Bank loans (secured / repayable by instalments) | 533,604 |  | 627,064