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REGISTERED NUMBER: 08006872 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BLACKSTONE PROPERTY LIMITED

BLACKSTONE PROPERTY LIMITED (REGISTERED NUMBER: 08006872)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLACKSTONE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr C D Parsons





REGISTERED OFFICE: 139-141 Watling Street
Gillingham
Kent
ME7 2YY





REGISTERED NUMBER: 08006872 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

BLACKSTONE PROPERTY LIMITED (REGISTERED NUMBER: 08006872)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 182,152 316,768
Cash at bank and in hand - 18,858
182,152 335,626
CREDITORS
Amounts falling due within one year 7 166,051 211,937
NET CURRENT ASSETS 16,101 123,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,101

123,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,001 123,589
SHAREHOLDERS' FUNDS 16,101 123,689

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Mr C D Parsons - Director


BLACKSTONE PROPERTY LIMITED (REGISTERED NUMBER: 08006872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Blackstone Property 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Information about significant judgements and estimates in applying accounting policies that have the most significant affect on the amount recognised in the financial statements are described in the following notes:
- Financial instruments
- Taxation

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

BLACKSTONE PROPERTY LIMITED (REGISTERED NUMBER: 08006872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and other third parties.

Debtors
Short term debtors are composed of loans to third parties and are recognised at amortised cost using the effective interest method where interest terms have been imposed. Loans to third parties are deemed to be short term if they are repayable on demand and therefore carrying value approximates present value. Interest receivable on short term loans are recognised in the period in which they are incurred as finance income.

Creditors
Short term creditors are composed of loans from banks and third parties and are recognised at amortised cost using the effective interest method where interest terms have been imposed. Loans from third parties are deemed to be short term if they are repayable on demand and therefore carrying value approximates present value. Interest payable on short term loans are recognised in the period in which they are incurred as finance costs.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 791
DEPRECIATION
At 1 April 2022
and 31 March 2023 791
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

BLACKSTONE PROPERTY LIMITED (REGISTERED NUMBER: 08006872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,643 129,643
Other debtors 52,509 187,125
182,152 316,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 133 148
Other creditors 165,918 211,789
166,051 211,937

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr C D Parsons
Balance outstanding at start of year 97,575 (21,953 )
Amounts advanced 112,023 179,000
Amounts repaid (159,600 ) (59,472 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,998 97,575

The directors loan was repaid on 1st November 2023.