REGISTERED NUMBER: 14663495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Bell Commercial Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Bell

Mr R Bell

REGISTERED OFFICE:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

BUSINESS ADDRESS:

Deermead Cottage

Broad Road

Worstead

NR289RU

REGISTERED NUMBER:

14663495 (England and Wales)

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

4

2,682

731

Investment property

5

97,500

95,000

100,182

95,731

CURRENT ASSETS

Debtors

6

4,812

1,461

Cash at bank

4,007

3,190

8,819

4,651

CREDITORS

Amounts falling due within one year

7

120,207

110,905

NET CURRENT LIABILITIES

(111,388

)

(106,254

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,206

)

(10,523

)

PROVISIONS FOR LIABILITIES

475

(729

)

NET LIABILITIES

(11,681

)

(9,794

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

4,805

2,780

Retained earnings

(16,586

)

(12,674

)

SHAREHOLDERS' FUNDS

(11,681

)

(9,794

)

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 29 January 2026 and were signed on its behalf by:

Mrs M Bell - Director

Mr R Bell - Director

1.	STATUTORY INFORMATION

Bell Commercial Properties Limited is a private company, limited by shares , registered in England and Wales. 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

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

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the directors. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are 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.

Going concern

At the balance sheet date the company had net current liabilities of £111,388 (2024: £106,254) and

retained losses of £16,586 (2024: £12,684). The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

783

Additions

2,237

At 31 December 2025

3,020

DEPRECIATION

At 1 January 2025

52

Charge for year

286

At 31 December 2025

338

NET BOOK VALUE

At 31 December 2025

2,682

At 31 December 2024

731

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

95,000

Revaluations

2,500

At 31 December 2025

97,500

NET BOOK VALUE

At 31 December 2025

97,500

At 31 December 2024

95,000

There has been no valuation of investment properties by an independent valuer. The director has considered the market value of the properties and consider that the current value is representative of the market value of the investment properties at the balance sheet date.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

3,432

Valuation in 2025

2,500

5,932

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

95,000

Revaluations

2,500

97,500

CLIENT SCREEN TOTAL

=

5,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,812

1,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

153

-

Other creditors

120,054

110,905

120,207

110,905

8.

RESERVES

Fair

value

reserve

£

At 1 January 2025

2,780

Transfer between reserves

2,025

At 31 December 2025

4,805

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Bell and Mrs M Bell, by virtue of their shareholdings.

10.	SHARE CAPITAL

Called up and fully paid share

2025

2024

No.

£

No.

£

100

100

100

100

11.	RELATED PARTY TRANSACTIONS

Transactions with directors

2025

At 01 January 2025

Repaymentsby director

At 31 December 2025

Mr R Bell

Directors loan account

(52,935

)

(4,548

)

(57,482

)

Mrs M Bell

Directors loan account

(52,935

)

(4,548

)

(57,482

)

2025

At 29 February 2024

Repaymentsby director

At 31 December 2024

Mr R Bell

Directors loan account

(48,889

)

(4,046

)

(52,935

)

Mrs M Bell

Directors loan account

(48,889

)

(4,046

)

(52,935

)

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