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REGISTERED NUMBER: 11994588 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BLENDWORTH DEVELOPMENTS LIMITED

BLENDWORTH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11994588)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLENDWORTH DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr N A Bird
Mr R Welch





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 11994588 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

BLENDWORTH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11994588)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,980 4,741

CURRENT ASSETS
Stocks 110,000 427,433
Debtors 5 380,384 100
Cash at bank 7,398 12,761
497,782 440,294
CREDITORS
Amounts falling due within one year 6 510,124 459,626
NET CURRENT LIABILITIES (12,342 ) (19,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,638

(14,591

)

PROVISIONS FOR LIABILITIES 7 10,775 -
NET ASSETS/(LIABILITIES) 68,863 (14,591 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 68,763 (14,691 )
SHAREHOLDERS' FUNDS 68,863 (14,591 )

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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:



Mr N A Bird - Director


BLENDWORTH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11994588)

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

1. STATUTORY INFORMATION

Blendworth Developments 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.

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.

The company has net current liabilities at the balance sheet date. This is due to amounts owed to companies under common control which have agreed not to see repayment until the company has sufficient funds to do so. On this basis the directors have prepared these financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BLENDWORTH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11994588)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 9,483
Additions 119,480
At 31 May 2023 128,963
DEPRECIATION
At 1 June 2022 4,742
Charge for year 32,241
At 31 May 2023 36,983
NET BOOK VALUE
At 31 May 2023 91,980
At 31 May 2022 4,741

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 67,480
At 31 May 2023 67,480
DEPRECIATION
Charge for year 16,870
At 31 May 2023 16,870
NET BOOK VALUE
At 31 May 2023 50,610

BLENDWORTH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11994588)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 380,384 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 9,023 -
Other creditors 501,101 459,626
510,124 459,626

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 10,775 -

Deferred
tax
£   
Charge to Income Statement during year 10,775
Balance at 31 May 2023 10,775

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £129,787 by companies under common control (31.5.22: owed to companies under common control: £452,275). This includes £57,426 owing in respect of a finance lease, which was taken out in the name of the related party to purchase a fixed asset on behalf of the company.

10. ULTIMATE CONTROLLING PARTY

The company is not under the control of another entity nor any one individual.