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REGISTERED NUMBER: 05540108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

BLENHEIM COMMERCIAL LIMITED

BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLENHEIM COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2021







DIRECTORS: B Karavadra
L Karavadra





REGISTERED OFFICE: 7 St. Johns Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 05540108 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

BALANCE SHEET
31 AUGUST 2021

31.8.21 31.8.20
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 7,425,000 6,775,000

CURRENT ASSETS
Debtors 5 265,326 269,327
Cash at bank 282,517 19,338
547,843 288,665
CREDITORS
Amounts falling due within one year 6 1,131,464 1,221,580
NET CURRENT LIABILITIES (583,621 ) (932,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,841,379

5,842,085

CREDITORS
Amounts falling due after more than one
year

7

(3,831,033

)

(2,978,715

)

PROVISIONS FOR LIABILITIES 9 (440,657 ) (424,287 )
NET ASSETS 2,569,689 2,439,083

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property reserve 10 2,098,731 2,028,940
Retained earnings 470,858 410,043
2,569,689 2,439,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

BALANCE SHEET - continued
31 AUGUST 2021


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 26 August 2022 and were signed on its behalf by:





B Karavadra - Director


BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021


1. STATUTORY INFORMATION

Blenheim Commercial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2020 6,775,000
Additions 563,839
Revaluations 86,161
At 31 August 2021 7,425,000
NET BOOK VALUE
At 31 August 2021 7,425,000
At 31 August 2020 6,775,000

Fair value at 31 August 2021 is represented by:
£   
Valuation in 2021 2,539,388
Cost 4,885,612
7,425,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
as restated
£    £   
Trade debtors 70 4,444
Other debtors 265,256 264,883
265,326 269,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
as restated
£    £   
Bank loans and overdrafts 64,257 59,563
Trade creditors 10,350 10,350
Taxation and social security 76,507 57,140
Other creditors 980,350 1,094,527
1,131,464 1,221,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
as restated
£    £   
Bank loans 2,240,721 1,388,403
Other creditors 1,590,312 1,590,312
3,831,033 2,978,715

BLENHEIM COMMERCIAL LIMITED (REGISTERED NUMBER: 05540108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.21 31.8.20
as restated
£    £   
Bank loans 2,304,978 1,447,966

9. PROVISIONS FOR LIABILITIES
31.8.21 31.8.20
as restated
£    £   
Deferred tax 440,657 424,287

Deferred
tax
£   
Balance at 1 September 2020
Prior year adjustment 424,287
As restated 424,287
Provided during year 16,370
Balance at 31 August 2021 440,657

10. RESERVES
Investment
property
reserve
£   
At 1 September 2020 2,028,940
Profit & Loss Account 69,791

At 31 August 2021 2,098,731

The investment property reserve is non-distributable.

11. RELATED PARTY DISCLOSURES

As at year end, included in other debtors the company is owed £887 (2020: £887) from Jupiter Investments Limited and £261,329 (2020: £261,329) from V J Properties Limited in which B Karavadra is director and shareholder.

As at year end, included in other creditors the company owes 8 Till Late Ltd £198,000 (2020: £298,000), Bulstrode Pub Limited £335,080 (2020: £335,080), Studio 46 (VJ) Ltd £50,000 (2020: £50,000) and Prestige Venue Ltd £72,000 (2020: £72,000) companies in which B Karavadra is director and shareholder.