Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-315The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity5falsetrue 11769715 2022-04-01 2023-03-31 11769715 2021-04-01 2022-03-31 11769715 2023-03-31 11769715 2022-03-31 11769715 1 2022-04-01 2023-03-31 11769715 d:Director1 2022-04-01 2023-03-31 11769715 c:FreeholdInvestmentProperty 2023-03-31 11769715 c:FreeholdInvestmentProperty 2022-03-31 11769715 c:CurrentFinancialInstruments 2023-03-31 11769715 c:CurrentFinancialInstruments 2022-03-31 11769715 c:Non-currentFinancialInstruments 2023-03-31 11769715 c:Non-currentFinancialInstruments 2022-03-31 11769715 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 11769715 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 11769715 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 11769715 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 11769715 c:ShareCapital 2023-03-31 11769715 c:ShareCapital 2022-03-31 11769715 c:SharePremium 2023-03-31 11769715 c:SharePremium 2022-03-31 11769715 c:RevaluationReserve 2023-03-31 11769715 c:RevaluationReserve 2022-03-31 11769715 c:RetainedEarningsAccumulatedLosses 2023-03-31 11769715 c:RetainedEarningsAccumulatedLosses 2022-03-31 11769715 d:OrdinaryShareClass1 2022-04-01 2023-03-31 11769715 d:OrdinaryShareClass1 2022-03-31 11769715 d:OrdinaryShareClass2 2022-04-01 2023-03-31 11769715 d:OrdinaryShareClass2 2023-03-31 11769715 d:OrdinaryShareClass2 2022-03-31 11769715 d:OrdinaryShareClass3 2022-04-01 2023-03-31 11769715 d:OrdinaryShareClass3 2023-03-31 11769715 d:OrdinaryShareClass3 2022-03-31 11769715 d:OrdinaryShareClass4 2022-04-01 2023-03-31 11769715 d:OrdinaryShareClass4 2023-03-31 11769715 d:OrdinaryShareClass5 2022-04-01 2023-03-31 11769715 d:OrdinaryShareClass5 2023-03-31 11769715 d:FRS102 2022-04-01 2023-03-31 11769715 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11769715 d:FullAccounts 2022-04-01 2023-03-31 11769715 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11769715 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure



Company Registration No. 11769715 (England and Wales)







BLUE HOUSE CONSTRUCTION LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023






































 
BLUE HOUSE CONSTRUCTION LIMITED
REGISTERED NUMBER:11769715

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
4,727,621
4,727,621

  
4,727,621
4,727,621

Current assets
  

Debtors
 5 
2,500
2,500

Current asset investments
 6 
21,147
21,147

Cash at bank and in hand
 7 
-
68,661

  
23,647
92,308

Creditors: amounts falling due within one year
 8 
(217,770)
(276,401)

Net current liabilities
  
 
 
(194,123)
 
 
(184,093)

Total assets less current liabilities
  
4,533,498
4,543,528

Creditors: amounts falling due after more than one year
 9 
(2,206,588)
(2,229,495)

Provisions for liabilities
  

Deferred tax
  
(47,500)
(47,500)

  
 
 
(47,500)
 
 
(47,500)

Net assets
  
2,279,410
2,266,533


Capital and reserves
  

Called up share capital 
 10 
406
200

Share premium account
  
2,075,977
2,075,977

Revaluation reserve
  
202,500
202,500

Profit and loss account
  
527
(12,144)

  
2,279,410
2,266,533


Page 1

 
BLUE HOUSE CONSTRUCTION LIMITED
REGISTERED NUMBER:11769715
    
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 profit and loss account 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 on 24 November 2023.




___________________________
Michael P Murphy
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BLUE HOUSE CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Blue House Construction Limited is a private company limited by shares incorporated in England and Wales.The registered office is 18 Thorveton Road, London, NW2 1RE. The principal activity of the company is that of residential property management and letting.

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 members have agreed to the preperation of abridged accounts for this accounting period in accordance with section 444(2A) of the Companies Act 2006
The financial statements are prepared in sterling, which is the functunal currency of the company.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

  
2.3

Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

 
2.4

Turnover

Turnover represents the total invoice value of rent received or receivable during the year.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BLUE HOUSE CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Investment property

Investment property is carried at fair value determined annually by directors 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.

 
2.9

Valuation of investments

Current asset investments are stated at the lower of cost and estimated net realisable value.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
BLUE HOUSE CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
4,727,621



At 31 March 2023
4,727,621

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







5.


Debtors

2023
2022
£
£


Other debtors
2,500
2,500

2,500
2,500



6.


Current asset investments

2023
2022
£
£

Short term investments
21,147
21,147

21,147
21,147



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
68,661

Less: bank overdrafts
(2,428)
-

(2,428)
68,661


Page 5

 
BLUE HOUSE CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
2,428
-

Corporation tax
3,648
4,251

Other creditors
206,694
267,150

Accruals
5,000
5,000

217,770
276,401



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,206,588
2,229,495

2,206,588
2,229,495


The bank loans represent a mix of interest only and repayment mortgages. The banks have mortgage debentures over fixed assets of the company.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



Nil (2022 - 20,000) A Ordinary shares of £0.01 each
-
200.00
10,010 (2022 - 10) B Ordinary shares of £0.01 each
100.10
0.10
10,010 (2022 - 10) C Ordinary shares of £0.01 each
100.10
0.10
15,015 D Redeemable shares of £0.01 each
150.15
-
5,005 E Redeemable shares of £0.01 each
50.05
-
2 F Ordinary shares of £0.01 each
0.02
-
2 G Ordinary shares of £0.01 each
0.02
-
2 H Ordinary shares of £0.01 each
0.02
-
297 I Redeemable shares of £0.01 each
2.97
-
297 J Redeemable shares of £0.01 each
2.97
-

406.40

200.20





11.


Related party transactions

There were no related party transactions during the year.

Page 6

 
BLUE HOUSE CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Post balance sheet events

There were no events since the year end which materially affected the company.


13.


Controlling party

The ultimate controlling parties are the directors by virtue of their shareholdings.

 
Page 7