Registration number:
Bell Street Apartments Limited
for the Year Ended 31 December 2025
Bell Street Apartments Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Bell Street Apartments Limited
Company Information
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Directors |
Mr S C Hargunani Mrs S Thukral |
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Registered office |
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Accountants |
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Bell Street Apartments Limited
(Registration number: 09751621) (England and Wales)
Balance Sheet as at 31 December 2025
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Note |
2025 |
(As restated) |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets/(liabilities) |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
2,378 |
(17,494) |
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Shareholders' funds/(deficit) |
2,478 |
(17,394) |
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. |
The financial statements were approved and authorised for issue by the
Bell Street Apartments Limited
(Registration number: 09751621) (England and Wales)
Balance Sheet as at 31 December 2025 (continued)
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Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in Pound Sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
At the time of approving these financial statements, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future and are willing to provide the necessary financial support as necessary and accordingly these financial statements have been prepared on a going concern basis.
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental income and related services 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.
Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Accounting policies (continued) |
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.
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Accounting policies (continued) |
Financial instruments
(i) Financial assets
Basic financial assets, including trade, other debtors, and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.
At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Accounting policies (continued) |
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and amounts due to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit or Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. 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 obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
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Staff numbers |
The average monthly number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2025 |
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At 1 January 2024 |
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At 31 December 2024 |
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The fair value of the investment property at the balance sheet date was £1,371,987 (2024: £1,371,987). The fair value of the investment property was assessed internally by the directors at the year end. There has been no valuation of investment property by an independent valuer.
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Other borrowings |
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Directors current account |
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Accrued expenses |
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The other borrowings are unsecured, interest free and repayable on demand.
Creditors: amounts falling due after more than one year
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Note |
2025 |
(As restated) |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Bank loan amounting to £697,250 (2024: £697,250) on the year end was secured by Paragon Bank Plc by way of a debenture over the assets of the company. The loan is secured against the investment property of the company.
Current loans and borrowings
Bell Street Apartments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)
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Loans and borrowings (continued) |
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2025 |
2024 |
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Other borrowings |
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Non-current loans and borrowings
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2025 |
(As restated) |
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Bank borrowings |
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Related party transactions |
At the balance sheet date, the company owed £689,755 (2024: £689,755 to a company in which Mrs S Thukral's spouse is director and shareholder.
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Prior year adjustment |
The prior year adjustment includes an adjustment to bank loan interest to reflect the omitted refinancing product fees of £33,250 and the corresponding adjustment to uplift the bank loan balance. The net impact on retained earnings is a decrease of £33,250.