Company No: 06044408 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	650,000		473,738
		650,000		473,738
Current assets
Debtors	4	0		20,810
Cash at bank and in hand		2,133		2,778
		2,133		23,588
Creditors: amounts falling due within one year	5	( 177,022)		( 195,346)
Net current liabilities		(174,889)		(171,758)
Total assets less current liabilities		475,111		301,980
Creditors: amounts falling due after more than one year	6	( 285,682)		( 299,562)
Net assets		189,429		2,418
Capital and reserves
Called-up share capital	7	100		100
Fair value reserve		142,772		0
Profit and loss account		46,557		2,318
Total shareholders' funds		189,429		2,418

For the financial year ending 31 March 2026 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 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 Bella Vita Properties Ltd (registered number: 06044408) were approved and authorised for issue by the Board of Directors on 08 July 2026. They were signed on its behalf by:

Mr C Foster Director

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

Bella Vita Properties Ltd (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 Units 1-2 Seaton Park House 34 William Prance Road, Derriford, Plymouth, PL6 5WR, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised over the period the rental asset is provided to the customer.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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, reducing balance] basis over its expected useful life, as follows:

Investment property

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.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 01 April 2025	473,738		473,738
Revaluations	176,262		176,262
At 31 March 2026	650,000		650,000
Accumulated depreciation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	650,000		650,000
At 31 March 2025	473,738		473,738

Investment properties

The Investment properties were valued by the directors at 31 March 2026 to show the fair value.

4. Debtors

	2026		2025
	£		£
Trade debtors	0		20,810

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	12,307		10,734
Amounts owed to associates	158,489		178,989
Taxation and social security	4,441		3,923
Other creditors	1,785		1,700
	177,022		195,346

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	285,682		299,562

The bank loans are secured on leasehold properties of the Company with a carrying value of £473,738. The terms of the loans also restrict the Company from making significant acquisitions or disposals of its subsidiaries without the consent of the lender.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2026		2025
	£		£
WGP maintenance Ltd	158,489		178,989

During the year, the company repaid £20,500 of the funds advanced from WGP maintenance Ltd in the previous year. (2025 - £178,239 was advanced to the company). The balance of £158,489 is repayable on demand and is non-interest bearing. The company leases premises to WGP Maintenance Ltd on a 10 year agreement, at £38,400 per year.