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REGISTERED NUMBER: 09894651 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BLC PROPERTIES LIMITED

BLC PROPERTIES LIMITED (REGISTERED NUMBER: 09894651)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Miss D Chandler
Miss B Chandler





REGISTERED OFFICE: 1 Hackney Road
London
London
E2 7NX





REGISTERED NUMBER: 09894651 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

BLC PROPERTIES LIMITED (REGISTERED NUMBER: 09894651)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,050,000 1,050,000

CURRENT ASSETS
Debtors 5 879 1,810
Cash at bank and in hand 14,261 16,994
15,140 18,804
CREDITORS
Amounts falling due within one year 6 529,493 451,214
NET CURRENT LIABILITIES (514,353 ) (432,410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,647

617,590

CREDITORS
Amounts falling due after more than one year 7 (287,902 ) (394,795 )

PROVISIONS FOR LIABILITIES (28,411 ) (25,243 )
NET ASSETS 219,334 197,552

CAPITAL AND RESERVES
Called up, fully paid share capital 100 100
Fair value reserve 9 166,500 166,500
Retained earnings 52,734 30,952
SHAREHOLDERS' FUNDS 219,334 197,552

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.

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 23 October 2023 and were signed on its behalf by:



Miss B Chandler - Director


BLC PROPERTIES LIMITED (REGISTERED NUMBER: 09894651)

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

1. STATUTORY INFORMATION

BLC Properties 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 1,050,000
NET BOOK VALUE
At 31 January 2023 1,050,000
At 31 January 2022 1,050,000

The investment properties have been valued by the director as at the balance sheet date.

BLC PROPERTIES LIMITED (REGISTERED NUMBER: 09894651)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2019 55,555
Valuation in 2021 150,000
Cost 844,445
1,050,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 879 1,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,775 27,775
Other creditors 501,718 423,439
529,493 451,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 287,902 394,795

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 176,801 283,694

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 315,677 422,570

The company has two outstanding charges dated 26 August 2016 and 7 September 2016 in favour of Barclays Bank PLC.

9. RESERVES
Fair
value
reserve
£   
At 1 February 2022
and 31 January 2023 166,500