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REGISTERED NUMBER: 04644406 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BLUEBRAY DEVELOPMENTS LIMITED

BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLUEBRAY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: John Manser
Grant Franks





SECRETARY: Grant Franks





REGISTERED OFFICE: 1st Floor
105-111 Euston Street
London
NW1 2EW





REGISTERED NUMBER: 04644406 (England and Wales)





ACCOUNTANTS: Anthonisz Neville LLP
1st Floor
105-111 Euston Street
London
NW1 2EW

BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 16,002 34,002

CURRENT ASSETS
Debtors 403,265 2,506
Prepayments and accrued income 2,372 2,481
Cash at bank 28,265 407,427
433,902 412,414
CREDITORS
Amounts falling due within one year 5,914 3,507
NET CURRENT ASSETS 427,988 408,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,990

442,909

PROVISIONS FOR LIABILITIES 5 - 1,027
NET ASSETS 443,990 441,882

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 (5,344 ) 4,376
Retained earnings 449,234 437,406
SHAREHOLDERS' FUNDS 443,990 441,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 October 2023 and were signed on its behalf by:




John Manser - Director



Grant Franks - Director


BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Bluebray Developments 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.

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.

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 properties
Investment properties are properties held to earn rentals or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from charges in fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plat, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 February 2022 34,002
Disposals (18,000 )
At 31 January 2023 16,002
NET BOOK VALUE
At 31 January 2023 16,002
At 31 January 2022 34,002

Cost or valuation at 31 January 2023 is represented by:
Totals
£   
Valuation in 2011 232,322
Valuation in 2012 231,354
Valuation in 2013 298,330
Valuation in 2015 363,673
Valuation in 2016 (78,554 )
Valuation in 2018 (40,000 )
Valuation in 2020 (983,221 )
Valuation in 2021 (20,000 )
Valuation in 2022 1,501
Valuation in 2023 (12,000 )
Cost 22,597
16,002

If investment properties had not been revalued they would have been included at the following historical cost:

31/1/23 31/1/22
£    £   
Cost 16,000 28,597

Investment properties were valued on an open market basis on 31 January 2023 by the company directors .

5. PROVISIONS FOR LIABILITIES
31/1/22
£   
Deferred tax 1,027

Deferred
tax
£   
Balance at 1 February 2022 1,027
Provided during year (2,280 )
Balance at 31 January 2023 (1,253 )

BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. RESERVES
Fair
value
reserve
£   
At 1 February 2022 4,376
Removed on Disposal (9,720 )

At 31 January 2023 (5,344 )