Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-012falseNo description of principal activity2truetrue 06736539 2022-04-01 2023-03-31 06736539 2021-04-01 2022-03-31 06736539 2023-03-31 06736539 2022-03-31 06736539 c:Director1 2022-04-01 2023-03-31 06736539 c:Director2 2022-04-01 2023-03-31 06736539 d:FreeholdInvestmentProperty 2023-03-31 06736539 d:FreeholdInvestmentProperty 2022-03-31 06736539 d:CurrentFinancialInstruments 2023-03-31 06736539 d:CurrentFinancialInstruments 2022-03-31 06736539 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06736539 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06736539 d:ShareCapital 2023-03-31 06736539 d:ShareCapital 2022-03-31 06736539 d:RetainedEarningsAccumulatedLosses 2023-03-31 06736539 d:RetainedEarningsAccumulatedLosses 2022-03-31 06736539 c:FRS102 2022-04-01 2023-03-31 06736539 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06736539 c:FullAccounts 2022-04-01 2023-03-31 06736539 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06736539









Blantyre West Limited







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023

 
Blantyre West Limited
Registered number: 06736539

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
600,000
600,000

  
600,000
600,000

Current assets
  

Debtors: amounts falling due within one year
 5 
524
899

Cash at bank and in hand
 6 
23,058
22,713

  
23,582
23,612

Creditors: amounts falling due within one year
 7 
(359,892)
(400,779)

Net current liabilities
  
 
 
(336,310)
 
 
(377,167)

Total assets less current liabilities
  
263,690
222,833

  

Net assets
  
263,690
222,833


Capital and reserves
  

Called up share capital 
  
99
99

Profit and loss account
  
263,591
222,734

  
263,690
222,833


Page 1

 
Blantyre West Limited
Registered number: 06736539
    
Balance sheet (continued)
As at 31 March 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J V Gangani
S V Gangani
Director
Director


Date: 19 October 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Blantyre West Limited
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

Blantyre West Limited is a private company limited by share capital incorporated in England & Wales, company number 06736539.  The address of the registered office and the principal place of business is 16 Water Garden, Alderley Park, Nether Alderley, Macclesfield SK10 4JY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
Blantyre West Limited
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
600,000



At 31 March 2023
600,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
791,519
791,519

791,519
791,519

Page 4

 
Blantyre West Limited
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Trade debtors
138
513

Other debtors
99
99

Prepayments and accrued income
287
287

524
899



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,058
22,713

23,058
22,713



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
345
345

Corporation tax
9,584
8,618

Other taxation and social security
2,523
2,506

Other creditors
346,000
388,000

Accruals and deferred income
1,440
1,310

359,892
400,779



8.


Related party transactions

As at 31 March 2023 an amount of £346,000 (2022: £388,000) is owed to the shareholders of the company, and is included within creditors. During the year £42,000 was repaid.  This loan is interest free and repayable on demand.

 
Page 5