Silverfin false false 31/08/2023 01/09/2022 31/08/2023 C J Lewis 15/08/2013 T P Lewis 15/08/2013 24 February 2024 The principal activity of the Company during the financial year was the rental of residential property. 08652368 2023-08-31 08652368 bus:Director1 2023-08-31 08652368 bus:Director2 2023-08-31 08652368 2022-08-31 08652368 core:CurrentFinancialInstruments 2023-08-31 08652368 core:CurrentFinancialInstruments 2022-08-31 08652368 core:ShareCapital 2023-08-31 08652368 core:ShareCapital 2022-08-31 08652368 core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 08652368 core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 08652368 core:RetainedEarningsAccumulatedLosses 2023-08-31 08652368 core:RetainedEarningsAccumulatedLosses 2022-08-31 08652368 2022-09-01 2023-08-31 08652368 bus:FilletedAccounts 2022-09-01 2023-08-31 08652368 bus:SmallEntities 2022-09-01 2023-08-31 08652368 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08652368 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08652368 bus:Director1 2022-09-01 2023-08-31 08652368 bus:Director2 2022-09-01 2023-08-31 08652368 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure

Company No: 08652368 (England and Wales)

BLEADON PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

BLEADON PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

BLEADON PROPERTY INVESTMENTS LIMITED

BALANCE SHEET

As at 31 August 2023
BLEADON PROPERTY INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 2,905,455 1,993,982
2,905,455 1,993,982
Current assets
Debtors 4 725 741
Cash at bank and in hand 8,552 146,914
9,277 147,655
Creditors: amounts falling due within one year 5 ( 224,462) ( 1,659,555)
Net current liabilities (215,185) (1,511,900)
Total assets less current liabilities 2,690,270 482,082
Provision for liabilities ( 89,886) ( 73,964)
Net assets 2,600,384 408,118
Capital and reserves
Called-up share capital 4 4
Fair value reserve 293,094 245,327
Profit and loss account 2,307,286 162,787
Total shareholder's funds 2,600,384 408,118

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bleadon Property Investments Limited (registered number: 08652368) were approved and authorised for issue by the Board of Directors on 24 February 2024. They were signed on its behalf by:

T P Lewis
Director
BLEADON PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
BLEADON PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bleadon Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rochester House, Bleadon, Weston Super Mare, BS24 0PG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable provided in the normal course of business, The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 September 2022 1,993,982
Additions 847,784
Fair value movement 63,689
As at 31 August 2023 2,905,455

The fair value of the investment properties is assessed annually and the carrying value adjusted as required. The directors, who are internal to the company, have assessed the fair value of the properties on an open market value basis, based on available market data. The directors have concluded the properties required a £63,689 uplift in value to reflect the market value as at 31 August 2023. In the prior year, as a result of the directors' assessment, the carrying value was uplifted by £95,000 to reflect the fair value of the properties as at 31 August 2022.

4. Debtors

2023 2022
£ £
Other debtors 725 741

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 6,143 0
Taxation and social security 30,663 8,176
Other creditors 187,656 1,651,379
224,462 1,659,555

6. Ultimate controlling party

Parent Company:

T P Lewis (Holdings Limited)
Rochester House, Bleadon, Weston Super Mare, Somerset, BS24 0PG, United Kingdom