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REGISTERED NUMBER: NI633756 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

BLOND HOUSING LIMITED

BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BLOND HOUSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: Miss S O'Neill





REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG





REGISTERED NUMBER: NI633756 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

BALANCE SHEET
30 APRIL 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,304,601 1,171,623

CURRENT ASSETS
Debtors 5 8,439 10,214
Cash at bank 14,669 37,717
23,108 47,931
CREDITORS
Amounts falling due within one year 6 89,855 91,731
NET CURRENT LIABILITIES (66,747 ) (43,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,237,854

1,127,823

CREDITORS
Amounts falling due after more than one
year

7

858,405

829,125
NET ASSETS 379,449 298,698

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 378,449 297,698
SHAREHOLDERS' FUNDS 379,449 298,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

BALANCE SHEET - continued
30 APRIL 2022


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 director and authorised for issue on 3 September 2022 and were signed by:





Miss S O'Neill - Director


BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022


1. STATUTORY INFORMATION

Blond Housing Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Investment properties are professionally valued annually. Their experience and knowledge of the sector are utilised in the valuation methodology but there is an inevitable degree of judgement involved, in that each property is unique and value can only ultimately be reliably tested in the market itself.

Turnover
Rental income from investment properties is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

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.

Financial instruments - liabilities
The company has financial liabilities which it classifies as other creditors. These liabilities are payable on demand and have been measured at the undiscounted amount of the cash expected to be paid.

BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2021 1,171,623
Additions 132,978
At 30 April 2022 1,304,601
NET BOOK VALUE
At 30 April 2022 1,304,601
At 30 April 2021 1,171,623

The company's investment properties are valued annually at fair value, determined by an independent, professionally qualified valuer. The latest valuations were undertaken in September 2015 and August 2016, for additions in the year, by Mr Sam Dunlop FRICS of Martin & Dunlop Estate Agents. These were conducted in accordance with the Royal Institution of Chartered Surveyors' Appraisal and Valuation Manual. Details on the assumptions made and the key sources of estimation uncertainty are given in note 2.

At 30 April 2022, the director was satisfied that there had been no significant change in the valuation of the properties held by the company since the recent valuations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 6,883 8,638
Other debtors 1,556 1,576
8,439 10,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Bank loans and overdrafts - 4,706
Trade creditors 67,445 65,393
Taxation and social security 19,432 18,749
Other creditors 2,978 2,883
89,855 91,731

BLOND HOUSING LIMITED (REGISTERED NUMBER: NI633756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.22 30.4.21
£    £   
Bank loans - 52,898
Other creditors 858,405 776,227
858,405 829,125

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 34,075

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.22 30.4.21
£    £   
Bank loans - 57,604

The bank loan is secured over 49 Sandown Road, Belfast and 47 Sandown Road, Belfast.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.22 30.4.21
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

At 30 April 2022 the director was owed £858,406 (2021:£776,227) which is interest free and has no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Miss S O'Neill, by virtue of her shareholding.