ACCOUNTS - Final Accounts preparation

Registered number: 01054721

BELSIZE COURT PROPERTIES LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

BELSIZE COURT PROPERTIES LIMITED

REGISTERED NUMBER: 01054721

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	5		669,500		669,500
			669,500		669,500
Current assets
Cash at bank and in hand	6	44,061		42,337
		44,061		42,337
Creditors: amounts falling due within one year	7	(2,409)		-
Net current assets			41,652		42,337
Total assets less current liabilities			711,152		711,837
Provisions for liabilities
Deferred tax	8	(167,375)		(167,375)
			(167,375)		(167,375)
Net assets			543,777		544,462

Capital and reserves
Called up share capital		5,100	5,100
Other reserves	9	502,125	502,125
Profit and loss account	9	36,552	37,237
		543,777	544,462

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.

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BELSIZE COURT PROPERTIES LIMITED

REGISTERED NUMBER: 01054721

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

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 on 3 June 2026.

M. Cova

Director

The notes on pages 3 to 6 form part of these financial statements.

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BELSIZE COURT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Belsize Court Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 135 Bramley Road, London, NW14 4UT.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

General maintenance and management

The general maintenance and management of the property, over which the company holds the freehold title, is undertaken via the management of Barnard Cook London Ltd who allocate costs to and collect charges from individual leaseholders. Separate statements of account are prepared for leaseholders regarding general maintenance and management.

2.3

Long term maintenance

The company's property is subject to ongoing refurbishment. The works are being undertaken via the management of Barnard Cook London Ltd and the individual leaseholders are periodically levied to meet the appropriate costs. Separate statements of account are prepared for leaseholders regarding these costs.

2.4

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 represents rent received.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short term creditors are measured at the transaction price.

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BELSIZE COURT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

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.

2.9

Current and deferred taxation

The tax expense for the year comprises current 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 current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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 reporting date.

Employees

	The company employs a caretaker to manage the property. These costs are borne by the service charge and are reflected in the separate statement of accounts prepared for the leaseholders.
	The average monthly number of employees during the year was 1 (2024 - 1). In addition, the company has 4 directors (2024 - 4).

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BELSIZE COURT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Taxation

		2025	2024
		£	£



Total current tax	-	-

	Factors affecting tax charge for the year
	There is a tax loss for the year. therefore, no tax arises.

Factors that may affect future tax charges

There is a loss of £21,648 to carry forward and offset against future profits.

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	669,500
	At 31 December 2025	669,500

The 2025 valuations were made by the directors, on an open market value for existing use basis.

6.	Cash
		2025	2024
		£	£

Cash at bank	44,061	42,337
	44,061	42,337

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BELSIZE COURT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	2,409	-
	2,409	-

8.	Deferred taxation

		2025
		£

	At beginning of year	(167,375)
	At end of year	(167,375)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Deferred tax on investment property	(167,375)	(167,375)
		(167,375)	(167,375)

Reserves

Other reserves

Other reserves represents the revaluation of investment property less the provision for deferred tax and totals £502,125 (2024 - £502,125).

Profit and loss account

The profit and loss reserve is fully distributable and includes all current and prior period retained profits and losses. The profit and loss reserve at the year end is £36,552 (2024 - £37,237).

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 03 June 2026 by David Gallagher (Senior statutory auditor) on behalf of Calders (1883) LLP.

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