REGISTERED NUMBER: 12432324

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Bell Property Rentals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Bell

Mrs M Bell

REGISTERED OFFICE:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

BUSINESS ADDRESS:

Deermead Cottage

Broad Road

Worstead

NR289RU

REGISTERED NUMBER:

12432324

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

United Kingdom

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

4

2,866,205

2,248,342

CURRENT ASSETS

Debtors

5

2,036

5,388

Cash at bank

4,143

209,455

6,179

214,843

CREDITORS

Amounts falling due within one year

6

2,820,681

2,220,005

NET CURRENT LIABILITIES

(2,814,502

)

(2,005,162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

51,703

243,180

PROVISIONS FOR LIABILITIES

8,372

-

NET ASSETS

43,331

243,180

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

63,513

283,069

Retained earnings

(20,282

)

(39,989

)

43,331

243,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

Mrs M Bell - Director

R Bell - Director

1.	STATUTORY INFORMATION

Bell Property Rentals Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises the fair value of the consideration received or receivable for rents received from tenants in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under

construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight line

Motor Vehicles

25% Reducing balance

Plant and Machinery

25% Straight line

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from tenants for rents due in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly through the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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.

Trade creditors are recognised at the transaction price.

Going concern

At the balance sheet date, the company had net current liabilities of £2,814,502 (2024: £1,947,087) and retained losses of £20,282 (2024: £39,990). The director has pledged to continue to financially support the company for the foreseeable future. On this basis, the director feels that it is appropriate to prepare these financial statements on a going concern basis.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2025

1,886,134

12,548

7,200

693

1,906,575

Additions

1,251,298

-

-

-

1,251,298

Disposals

(358,011

)

-

-

-

(358,011

)

Revaluations

78,412

-

-

-

78,412

At 31 December 2025

2,857,833

12,548

7,200

693

2,878,274

DEPRECIATION

At 1 January 2025

-

3,949

3,319

433

7,701

Charge for year

-

3,169

970

229

4,368

At 31 December 2025

-

7,118

4,289

662

12,069

NET BOOK VALUE

At 31 December 2025

2,857,833

5,430

2,911

31

2,866,205

At 31 December 2024

1,886,134

8,599

3,881

260

1,898,874

Included within the net book value of land and buildings above is £2,857,833 (2024 - £2,235,602) in

respect of freehold land and buildings.

There has been no valuation of investment properties by an independent valuer. The Directors' have considered the market value of the properties and consider the current value is representative of the market value of the investment properties at the balance sheet date. The investment properties have securities held as detailed in Note 11.

Cost or valuation at 31 December 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2023

26,697

-

-

-

26,697

Valuation in 2024

322,711

-

-

-

322,711

Valuation in 2025

(270,997

)

-

-

-

(270,997

)

Cost

2,779,422

12,548

7,200

693

2,799,863

2,857,833

12,548

7,200

693

2,878,274

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

41

90

Deferred tax asset

-

1,531

Prepayments

1,995

2,248

2,036

3,869

2025

2024

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

1,519

Aggregate amounts

2,036

5,388

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1,816

Tax

-

59,607

Other creditors

-

58

Directors' loan accounts

2,818,631

2,155,745

Accruals and deferred income

2,050

2,779

2,820,681

2,220,005

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Bell, the sole director and shareholder of the company.

8.	SHARE CAPITAL

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

9.	RELATED PARTY TRANSACTIONS

At 1 January2025

Advances todirector

Repaymentsby director

At 31December2 025

2025

£

£

£

£

Mr R Bell

(2,155,746

)

375,983

(1,038,869

)

(2,818,632

)

t 1 January2024

ances todirector

ymentsby director

ecember2024

2024

£

£

£

£

Mr R Bell

(1,659,590

)

141

(496,297

)

(2,155,746

)

This loan is provided interest free and is repayable on demand.

Summary of transactions with other related parties

At the balance sheet date, the company was owed £Nil (2024: 1,065) from Bell Commercial Properties Limited and £Nil (2024: £454) from Wow Norfolk Holiday Cottages Limited. Both of these companies are connected by Mr R Bell via common directorship. These loans are provided interest free and are repayable on demand.