IRIS Accounts Production v23.3.1.45 05193452 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051934522022-03-31051934522023-03-31051934522022-04-012023-03-31051934522021-03-31051934522021-04-012022-03-31051934522022-03-3105193452ns10:Originalns15:EnglandWales2022-04-012023-03-3105193452ns14:PoundSterlingns10:Original2022-04-012023-03-3105193452ns10:Originalns10:Director12022-04-012023-03-3105193452ns10:Original2022-04-012023-03-3105193452ns10:Original2023-03-3105193452ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105193452ns10:Originalns10:SmallEntities2022-04-012023-03-3105193452ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105193452ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105193452ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105193452ns10:Originalns10:FullAccounts2022-04-012023-03-3105193452ns10:Original2021-04-012022-03-3105193452ns10:Originalns10:Director22022-04-012023-03-3105193452ns10:CompanySecretary1ns10:Original2022-04-012023-03-3105193452ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105193452ns10:Original2022-03-3105193452ns10:Originalns5:CurrentFinancialInstruments2023-03-3105193452ns10:Originalns5:CurrentFinancialInstruments2022-03-3105193452ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105193452ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105193452ns5:ShareCapitalns10:Original2023-03-3105193452ns5:ShareCapitalns10:Original2022-03-3105193452ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105193452ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105193452ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105193452ns10:Originalns5:FurnitureFittings2022-03-3105193452ns10:Originalns5:FurnitureFittings2023-03-3105193452ns10:Originalns5:FurnitureFittings2022-03-3105193452ns10:Original2022-03-3105193452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105193452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105193452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3105193452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3105193452ns10:Originalns5:Non-currentFinancialInstruments2022-04-012023-03-3105193452ns5:Securedns10:Original2023-03-3105193452ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: 05193452 (England and Wales)









Financial Statements

for the Year Ended 31 March 2023

for

Bladon Sears (Properties) Limited

Bladon Sears (Properties) Limited (Registered number: 05193452)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bladon Sears (Properties) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs H Bladon-Reid
N A Sears-Adams





SECRETARY: N A Sears-Adams





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 05193452 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Bladon Sears (Properties) Limited (Registered number: 05193452)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 935,000 940,000
935,000 940,000

CURRENT ASSETS
Debtors 6 3,921 4,428
Cash at bank 17,441 18,536
21,362 22,964
CREDITORS
Amounts falling due within one year 7 171,387 186,790
NET CURRENT LIABILITIES (150,025 ) (163,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,975

776,174

CREDITORS
Amounts falling due after more than one
year

8

(318,148

)

(321,375

)

PROVISIONS FOR LIABILITIES (42,951 ) (43,901 )
NET ASSETS 423,876 410,898

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 423,776 410,798
SHAREHOLDERS' FUNDS 423,876 410,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Bladon Sears (Properties) Limited (Registered number: 05193452)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs H Bladon-Reid - Director


Bladon Sears (Properties) Limited (Registered number: 05193452)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bladon Sears (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 represents the total invoice value, excluding value added tax, of rents received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% Straight line

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

Bladon Sears (Properties) Limited (Registered number: 05193452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 6,194
DEPRECIATION
At 1 April 2022
and 31 March 2023 6,194
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 940,000
Revaluations (5,000 )
At 31 March 2023 935,000
NET BOOK VALUE
At 31 March 2023 935,000
At 31 March 2022 940,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 935,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 575,726 575,726

The investment properties were valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,445 3,445
Prepayments & accrued income 476 983
3,921 4,428

Bladon Sears (Properties) Limited (Registered number: 05193452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,481 5,797
Trade creditors 763 763
Tax 3,994 2,837
Other creditors 158,317 175,317
Directors' current accounts 130 634
Accruals & deferred income 2,702 1,442
171,387 186,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 318,148 321,375

Include above are bank loans:

Repayable by instalments falling due after five years: £21,582 (2022: £25,704)
Repayable other than by instalments falling due after five years: £274,642 (2022: £272,438)

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 323,629 327,172

The bank loans are secured on the investment properties.

10. RESERVES

The retained earnings of £423,776 (2022: £410,798) comprise distributable reserves of £107,453 (2022: £90,425) and non-distributable reserves of £316,323 (2022: £320,373) which relate to property revaluations less related deferred tax provision.

11. RELATED PARTY DISCLOSURES

Creditors include £156,012 (2022: £173,012) due to Bladon Sears Limited, a company in which Mrs H Bladon-Reid and N A Sears-Adams are directors and controlling shareholders.