REGISTERED NUMBER: SC693231 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

BELLSHILL LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B S Nicholls

REGISTERED OFFICE:

Stanley House

69/71 Hamilton Road

Motherwell

ML1 3DG

BUSINESS ADDRESS:

Shopping Centre Bellshill

16 Motherwell Road

Bellshill

ML4 1RE

REGISTERED NUMBER:

SC693231 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

4

22,118

27,648

Investment property

5

534,000

534,000

556,118

561,648

CURRENT ASSETS

Debtors

6

65,054

28,847

Cash at bank

121,987

21,461

187,041

50,308

CREDITORS

Amounts falling due within one year

7

55,552

64,214

NET CURRENT ASSETS/(LIABILITIES)

131,489

(13,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

687,607

547,742

CREDITORS

Amounts falling due after more than one year

8

(154,500

)

-

PROVISIONS FOR LIABILITIES

(98,150

)

(96,462

)

NET ASSETS

434,957

451,280

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

294,882

296,138

Retained earnings

140,074

155,141

434,957

451,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2026 and were signed by:

B S Nicholls - Director

1.	STATUTORY INFORMATION

Bellshill Leisure Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Basic financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

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

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 April 2025

and 31 March 2026

60,000

DEPRECIATION

At 1 April 2025

32,352

Charge for year

5,530

At 31 March 2026

37,882

NET BOOK VALUE

At 31 March 2026

22,118

At 31 March 2025

27,648

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

534,000

NET BOOK VALUE

At 31 March 2026

534,000

At 31 March 2025

534,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

392,600

Cost

141,400

534,000

The property has been valued on a fair value basis on 31 March 2026 by the director.

6.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Other debtors

-

3,778

Amounts falling due after more than one year:

Other debtors

65,054

25,069

Aggregate amounts

65,054

28,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

4,200

4,200

Taxation and social security

34,012

17,389

Other creditors

17,340

42,625

55,552

64,214

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

154,500

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

154,500

-

9.	SECURED DEBTS

Shawbrook Bank Limited hold standard security over the investment property held in the company.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

296,138

Movement in fair value

(1,256

)

At 31 March 2026

294,882

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2026 and the period ended 31 March 2025:

31.3.26

31.3.25

£

£

B S Nicholls

Balance outstanding at start of year

31,848

64,405

Amounts advanced

90,008

838

Amounts repaid

(118,854

)

(33,395

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,002

31,848

Loans to/from directors are interest free and repayable upon demand.

12.	RELATED PARTY DISCLOSURES