Blue Pine Properties Limited Filleted Accounts Cover
Blue Pine Properties Limited
Company No. 12393510
Information for Filing with The Registrar
31 March 2023
Blue Pine Properties Limited Directors Report Registrar
The Directors present their report and the accounts for the period ended 31 March 2023.
Principal activities
The principal activity of the company during the period under review was property letting.
Directors
The Directors who served at any time during the period were as follows:
J.L. Staddon
J.R. Staddon
S.C. Staddon
I.T. Wright
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.C. Staddon
Director
26 October 2023
Blue Pine Properties Limited Balance Sheet Registrar
at
31 March 2023
Company No.
12393510
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
-863
Investment property
5
-275,000
-275,863
Current assets
Debtors
6
14,795224
Cash at bank and in hand
1,57010,594
16,36510,818
Creditors: Amount falling due within one year
7
(5,430)
(82,820)
Net current assets/(liabilities)
10,935
(72,002)
Total assets less current liabilities
10,935203,861
Creditors: Amounts falling due after more than one year
8
-
(184,686)
Provisions for liabilities
Deferred taxation
-
(3,433)
Net assets
10,93515,742
Capital and reserves
Called up share capital
44
Revaluation reserve
10
-14,633
Profit and loss account
10
10,9311,105
Total equity
10,93515,742
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 October 2023
And signed on its behalf by:
S.C. Staddon
Director
26 October 2023
Blue Pine Properties Limited Notes to the Accounts Registrar
for the period ended 31 March 2023
1
General information
Blue Pine Properties Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12393510
Its registered office is:
15 Old Hollow
Malvern
Worcestershire
WR14 4NP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
Going concern
The property was sold during this accounting period, the directors will be winding up the Company during the next 12 months.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rents provided in the normal course of business.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
33.33% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the period:
00
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 February 2022
1,2941,294
Disposals
(1,294)
(1,294)
At 31 March 2023
--
Depreciation
At 1 February 2022
431431
Charge for the year
431431
Transfers
(862)
(862)
At 31 March 2023
--
Net book values
At 31 March 2023
--
At 31 January 2022
863
863
5
Investment property
Freehold Investment Property
£
Valuation
At 1 February 2022
275,000
Disposals
(275,000)
At 31 March 2023
-
6
Debtors
2023
2022
£
£
Loans to directors
14,795-
Prepayments and accrued income
-224
14,795224
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
2,507
99
Loans from directors
-81,317
Accruals and deferred income
2,9231,404
5,43082,820
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-184,686
-184,686
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
-
184,686
-184,686
Bank loans are secured by way of a charge over the property held by the company. The loan was settled during the current accounting period.
9
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
-184,686
10
Reserves
Revaluation Reserve
Total other reserves
£
£
Movement on revaluation reserve
18,066
18,066
Deferred taxation
(3,433)
(3,433)
At 31 January 2022 and 1 February 2022
14,633
14,633
Movement on revaluation reserve
(14,633)
(14,633)
At 31 March 2023
--
Revaluation reserve - reflects the revaluation of property including investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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