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Registered number: 14891218 BELLS WOOD PARK LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 MARCH 2024
BELLS WOOD PARK LIMITED REGISTERED NUMBER: 14891218 BALANCE SHEET AS AT 31 MARCH 2024
|  | 2024
Note |  | £
Fixed assets |  |  |
Tangible assets | 4 |  | 4,519,010
|  |  | 4,519,010
Current assets |  |  |
Stock and work in progress |  | 1,233,946 |
Debtors: amounts falling due within one year | 6 | 302,806 |
Cash at bank and in hand |  | 2,032 |
|  | 1,538,784 |
Creditors: amounts falling due within one year | 7 | (481,182) |
Net current assets |  |  | 1,057,602
Total assets less current liabilities |  |  | 5,576,612
Creditors: amounts falling due after more than one year | 8 |  | (5,673,371)
Provisions for liabilities |  |  |
Deferred tax | 11 |  | (17,527)
Net (liabilities)/assets |  |  | (114,286)
Capital and reserves |  |  |
Called up share capital | 12 |  | 100
Profit and loss account |  |  | (114,386)
|  |  | (114,286)
Page 1
BELLS WOOD PARK LIMITED REGISTERED NUMBER: 14891218 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. 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. 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 comprehensive income 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:
................................................ Mr C H Barton Jnr
Director
Date: 2 October 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
1. | General information
Bells Wood Park Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company's functional and presentational currency is Pounds Sterling. The level of rounding is to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company's financial statements have been prepared under the going concern basis. The Directors believes that the going concern basis is appropriate for the forseeable future. The company will receive ongoing suport from the directors and connected companies.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: Rental income Rental income is recognised on an accruals basis in the period to which they relate.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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. Page 3
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 2.Accounting policies (continued)
| 2.6 | Corporation and deferred taxation
The tax expense for the period comprises corporation and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | Not depreciated
|  |  |  | Plant and machinery | - | 10% straight line
|  |  |  | Fixtures and fittings | - | 10% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. No depreciation has been provided on freehold property as the property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material, and therefore is not charged to the profit and loss account. Page 4
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 2.Accounting policies (continued)
| 2.8 | Stock and work in progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads. Attributable overheads comprise of development costs and interest incurred on loans specifically for the funding of development where amounts are considered to be recoverable in full. At each balance sheet 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.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | 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. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
3. | Employees
| The average monthly number of employees, including directors, during the period was 3.
Page 5
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| Additions | 4,448,903 | 110,515 | 2,130 | 4,561,548
| Disposals | - | (39,500) | - | (39,500)
| At 31 March 2024 | 4,448,903 | 71,015 | 2,130 | 4,522,048
| Depreciation |  |  |  |
| Charge for the period on owned assets | - | 2,961 | 77 | 3,038
| At 31 March 2024 | - | 2,961 | 77 | 3,038
| Net book value |  |  |  |
| At 31 March 2024 | 4,448,903 | 68,054 | 2,053 | 4,519,010
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2024
|  |  |  |  | £
| Plant and machinery | 67,812
5. | Stock and work in progress
|  |  |  |  | 2024
|  |  |  |  | £
| Work in progress | 988,852
| Stock | 245,094
|  | 1,233,946
Page 6
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
6. | Debtors
|  |  |  |  | 2024
|  |  |  |  | £
| Other debtors | 161,927
| Prepayments and accrued income | 140,879
|  | 302,806
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024
|  |  |  |  | £
| Bank loans | 151,238
| Trade creditors | 197,513
| Corporation tax | 34
| Obligations under finance lease and hire purchase contracts | 91,829
| Accruals and deferred income | 40,568
|  | 481,182
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024
|  |  |  |  | £
| Bank loans | 5,579,087
| Net obligations under finance leases and hire purchase contracts | 94,284
|  | 5,673,371
| The bank loan is secured via a fixed and floating charge on the Company’s assets. The net obligations under finance leases and hire purchase contracts are secured over the assets they relate to.
Page 7
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024
|  |  |  |  | £
| Amounts falling due within one year |
| Bank loans | 151,238
| Amounts falling due 1-2 years |
| Bank loans | 189,310
| Amounts falling due 2-5 years |
| Bank loans | 589,777
| Amounts falling due after more than 5 years |
| Bank loans | 4,800,000
|  | 5,730,325
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2024
|  |  |  |  | £
| Within one year | 91,829
| Between 1-5 years | 80,767
| Over 5 years | 13,517
|  | 186,113
Page 8
BELLS WOOD PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
11. | Deferred taxation
|  | 2024
|  | £
| Charged to profit or loss | (17,527)
| At end of year | (17,527)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2024
|  |  |  |  | £
| Accelerated capital allowances | (17,527)
12. | Share capital
|  |  |  |  | 2024
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 100 Ordinary shares of £1.00 each | 100
During the period 100 Ordinary £1 shares were issued at par value for cash consideration.
13. | Related party transactions
| During the year the Company entered into loans with a connected company. The balance due at the year ended was £152,095 and is shown within other debtors. This loan is interest fee and repayable on demand.
14. | Controlling party
The ultimate controlling parties are Mr C Barton and Mr C Barton Jnr by virtue of their joint 100% shareholding.
Page 9