ACCOUNTS - Final Accounts

Creditors: Amounts falling due after more than one year

As restated

Company registration number: 03295931

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	BELLAIR DEVELOPMENTS LIMITED


BELLAIR DEVELOPMENTS LIMITED

COMPANY INFORMATION

Directors	J Dunjay
	J B Dunjay


Company secretary	J Dunjay


Registered number	03295931


Registered office	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


BELLAIR DEVELOPMENTS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


BELLAIR DEVELOPMENTS LIMITED REGISTERED NUMBER:03295931

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		600,000		1,159,999
			600,000		1,159,999
Current assets
Debtors: amounts falling due within one year	5	151,445		261,542
Cash at bank and in hand		602,157		44,981
		753,602		306,523
Creditors: amounts falling due within one year	6	(9,521)		(12,345)
Net current assets			744,081		294,178
Total assets less current liabilities			1,344,081		1,454,177
Creditors: amounts falling due after more than one year			(233,310)		(233,310)
Provisions for liabilities
Deferred tax		-		(59,906)
			-		(59,906)
Net assets			1,110,771		1,160,961

Capital and reserves
Allotted, called up and fully paid share capital		1,000	1,000
Profit and loss account	8	1,109,771	1,159,961
		1,110,771	1,160,961

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1


BELLAIR DEVELOPMENTS LIMITED REGISTERED NUMBER:03295931

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Dunjay

Director

Date: 21 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


BELLAIR DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Bellair Developments Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given on the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

The turnover of the company consists of rental income and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. The turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	straight line
				Office equipment	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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BELLAIR DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


BELLAIR DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Freehold investment property
		£
	Cost or valuation
	At 1 April 2024	1,159,999
	Disposals	(584,999)
	Revaluations	25,000
	At 31 March 2025	600,000

	Net book value
	At 31 March 2025	600,000
	At 31 March 2024	1,159,999

At 31 March 2025 the company's freehold property was valued by the directors on an open market, existing use basis at £600,000 (2024: £1,159,999).

Debtors

					2025	2024
					£	£


Other debtors	150,937	261,542
Prepayments and accrued income	508	-
	151,445	261,542

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	2,921	3,706
Accruals and deferred income	6,600	8,639
	9,521	12,345

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BELLAIR DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Bank loans	233,310	233,310
	233,310	233,310

Bank loans are secured against the property to which they relate.

Reserves

Investment property revaluation reserve

Included within the Profit and Loss Account is an undistributable amount of £116,008 (2024: £91,008) relating to the fair value movement of listed investment properties.

9.	Prior year adjustment

During the preparation of the financial statements for the year ended 31 March 2025, a prior year adjustment was identified relating to the recognition of a long-term liability that had not been accounted for in the previous year.
As a result, the brought forward profit and loss reserve as at 1 April 2023 has been reduced by £233,310, and a corresponding creditor due after more than one year has been recognised.
There has been no impact on the tax charge for the prior or current year as a result of this adjustment.
The comparative figures for the year ended 31 March 2024 have been restated accordingly.

10.

Transactions with the directors

At the beginning of the year there was an amount of £246,012 (2024 - £47,790) owed by the directors. During the year the directors received advances of £121,094 (2024 - £343,863) from the company and made repayments of £231,702 (2024 - £145,461). Interest has been charged on the loan at a rate of 2.5% per annum and amounted to £8,893 (2024 - £9,387). At the balance sheet date the director owed the company £135,404 (2024 - £246,012).

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