IRIS Accounts Production v23.3.0.418 09002883 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090028832022-04-30090028832023-04-30090028832022-05-012023-04-30090028832021-04-30090028832021-05-012022-04-30090028832022-04-3009002883ns10:Originalns15:EnglandWales2022-05-012023-04-3009002883ns14:PoundSterlingns10:Original2022-05-012023-04-3009002883ns10:Originalns10:Director12022-05-012023-04-3009002883ns10:Original2022-05-012023-04-3009002883ns10:Original2023-04-3009002883ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3009002883ns10:Originalns10:SmallEntities2022-05-012023-04-3009002883ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3009002883ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3009002883ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3009002883ns10:Originalns10:FullAccounts2022-05-012023-04-3009002883ns10:Originalns10:Director22022-05-012023-04-3009002883ns10:Originalns10:RegisteredOffice2022-05-012023-04-3009002883ns10:Original2022-04-3009002883ns10:Originalns5:CurrentFinancialInstruments2023-04-3009002883ns10:Originalns5:CurrentFinancialInstruments2022-04-3009002883ns10:Originalns5:Non-currentFinancialInstruments2023-04-3009002883ns10:Originalns5:Non-currentFinancialInstruments2022-04-3009002883ns5:ShareCapitalns10:Original2023-04-3009002883ns5:ShareCapitalns10:Original2022-04-3009002883ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3009002883ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-3009002883ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3009002883ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3009002883ns10:Original2021-05-012022-04-3009002883ns10:Originalns5:PlantMachinery2022-04-3009002883ns10:Originalns5:PlantMachinery2022-05-012023-04-3009002883ns10:Originalns5:PlantMachinery2023-04-3009002883ns10:Originalns5:PlantMachinery2022-04-3009002883ns10:Original2022-04-3009002883ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3009002883ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: 09002883 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

BALUGA PROPERTIES LIMITED

BALUGA PROPERTIES LIMITED (REGISTERED NUMBER: 09002883)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALUGA PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: P D Brockhouse
L D Brockhouse





REGISTERED OFFICE: 246 The Long Shoot
Nuneaton
Warwickshire
CV11 6JN





REGISTERED NUMBER: 09002883 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

BALUGA PROPERTIES LIMITED (REGISTERED NUMBER: 09002883)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,512 56,682
Investment property 5 5,432,588 5,432,588
5,475,100 5,489,270

CURRENT ASSETS
Debtors 6 996 1,470
Cash at bank 1,755 7,160
2,751 8,630
CREDITORS
Amounts falling due within one year 7 3,686,542 3,704,857
NET CURRENT LIABILITIES (3,683,791 ) (3,696,227 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,791,309 1,793,043

CREDITORS
Amounts falling due after more than one year 8 (826,439 ) (951,237 )

PROVISIONS FOR LIABILITIES (34,635 ) (34,779 )
NET ASSETS 930,235 807,027

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 102,540 102,540
Retained earnings 827,595 704,387
SHAREHOLDERS' FUNDS 930,235 807,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BALUGA PROPERTIES LIMITED (REGISTERED NUMBER: 09002883)

BALANCE SHEET - continued
30 April 2023


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 19 October 2023 and were signed on its behalf by:





P D Brockhouse - Director


BALUGA PROPERTIES LIMITED (REGISTERED NUMBER: 09002883)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Baluga 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" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 84,307
DEPRECIATION
At 1 May 2022 27,625
Charge for year 14,170
At 30 April 2023 41,795
NET BOOK VALUE
At 30 April 2023 42,512
At 30 April 2022 56,682

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 5,432,588
NET BOOK VALUE
At 30 April 2023 5,432,588
At 30 April 2022 5,432,588

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2021 126,592
Cost 5,305,996
5,432,588

BALUGA PROPERTIES LIMITED (REGISTERED NUMBER: 09002883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 996 1,470

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 116,423 30,716
Hire purchase contracts 14,763 14,763
Taxation and social security 33,433 24,818
Other creditors 3,521,923 3,634,560
3,686,542 3,704,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 800,603 910,637
Hire purchase contracts 25,836 40,600
826,439 951,237

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 739,836