Belay Property Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11638441

BELAY PROPERTY HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2025

BELAY PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5	2,089,170	2,088,416
Investments	6	–	1
		-------------	-------------
		2,089,170	2,088,417

CURRENT ASSETS

Debtors	7	152,270	71,473
Cash at bank and in hand		6,876	68,109
		----------	----------
		159,146	139,582

CREDITORS: amounts falling due within one year	8	( 21,340)		( 19,022)
		----------		----------
NET CURRENT ASSETS			137,806	120,560
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,226,976	2,208,977

CREDITORS: amounts falling due after more than one year	9	( 93,240)	( 93,240)
		-------------	-------------
NET ASSETS		2,133,736	2,115,737
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	2,133,636	2,115,637
	-------------	-------------
SHAREHOLDER FUNDS	2,133,736	2,115,737
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BELAY PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

Mr T Ben-Nagi
Director

Company registration number: 11638441

BELAY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of financial statements in conformity with the provisions of FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company’s accounting policies. There were no judgements, estimates and assumptions that affected the amounts reported in the year other than those stated below.

Revenue recognition

The turnover shown in the Income Statement represents amounts of rental income and service charges invoiced during the period. Costs of Sales The costs of sales are recognised in the Statement of Income Statement in the year in which they are incurred.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - Any gains or losses arising from changes in the fair value are recognised in the income statement in the period that they arise; and - No depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the Directors based on their understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all its financial liabilities.

4. STAFF COSTS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. TANGIBLE ASSETS

	Long leasehold properties	Equipment	Total
	£	£	£
Cost
At 1 November 2024	2,088,416	–	2,088,416
Additions	–	1,131	1,131
	-------------	-------	-------------
At 31 October 2025	2,088,416	1,131	2,089,547
	-------------	-------	-------------
Depreciation
At 1 November 2024	–	–	–
Charge for the year	–	377	377
	-------------	-------	-------------
At 31 October 2025	–	377	377
	-------------	-------	-------------
Carrying amount
At 31 October 2025	2,088,416	754	2,089,170
	-------------	-------	-------------
At 31 October 2024	2,088,416	–	2,088,416
	-------------	-------	-------------

6. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 November 2024	1
Disposals	( 1)
	----
At 31 October 2025	–
	----
Impairment
At 1 November 2024 and 31 October 2025	–
	----

Carrying amount
At 31 October 2025	–
	----
At 31 October 2024	1
	----

7. DEBTORS

	2025	2024
	£	£
Trade debtors	4,846	–
Other debtors	147,424	71,473
	----------	---------
	152,270	71,473
	----------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	–	1,960
Other creditors	21,340	17,062
	---------	---------
	21,340	19,022
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	93,240	93,240
	---------	---------

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director owed the company £17,312 (2024: £64,812) as at the year-end. This balance was cleared within nine months of the year-end.