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REGISTERED NUMBER: 07870516 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BLUES PROPERTY SALES AND MARKETING LTD

BLUES PROPERTY SALES AND MARKETING LTD (REGISTERED NUMBER: 07870516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUES PROPERTY SALES AND MARKETING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: I Purkiss
C Carey
C A Weekley
S A Hollis
G Smith





REGISTERED OFFICE: 98C Hartington Grove
Cambridge
Cambridgeshire
CB1 7UB





REGISTERED NUMBER: 07870516 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BLUES PROPERTY SALES AND MARKETING LTD (REGISTERED NUMBER: 07870516)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks - 641,873
Debtors 5 761,434 1,911
Cash at bank 16,838 3,063
778,272 646,847
CREDITORS
Amounts falling due within one year 6 (123,360 ) (254,193 )
NET CURRENT ASSETS 654,912 392,654
TOTAL ASSETS LESS CURRENT LIABILITIES 654,912 392,654

CAPITAL AND RESERVES
Called up share capital 8 132 132
Share premium 400,000 400,000
Retained earnings 254,780 (7,478 )
SHAREHOLDERS' FUNDS 654,912 392,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by:





I Purkiss - Director


BLUES PROPERTY SALES AND MARKETING LTD (REGISTERED NUMBER: 07870516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Blues Property Sales and Marketing Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 243,361 -
Other debtors 518,073 1,911
761,434 1,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 300
Amounts owed to group undertakings - 3,297
Taxation and social security 60,925 -
Other creditors 62,435 250,596
123,360 254,193

BLUES PROPERTY SALES AND MARKETING LTD (REGISTERED NUMBER: 07870516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Other creditors - 250,000

The loan in other creditors is secured by a fixed charge over the property in development.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100
16 Ordinary A £1 16 16
8 Ordinary B £1 8 8
8 Ordinary C £1 8 8
132 132

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
S A Hollis
Balance outstanding at start of year - -
Amounts advanced 129,375 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,375 -

C Carey
Balance outstanding at start of year - -
Amounts advanced 129,375 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,375 -

BLUES PROPERTY SALES AND MARKETING LTD (REGISTERED NUMBER: 07870516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G Smith
Balance outstanding at start of year - -
Amounts advanced 258,750 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 258,750 -