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REGISTERED NUMBER: 10014290 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Blitz Investments Ltd

Blitz Investments Ltd (Registered number: 10014290)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Blitz Investments Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: Mrs C Granger





REGISTERED OFFICE: Crown House Ley Green
Kings Walden
Hitchin
Hertfordshire
SG4 8LT





REGISTERED NUMBER: 10014290 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Blitz Investments Ltd (Registered number: 10014290)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 863 492
Investment property 5 288,000 245,000
288,863 245,492

CURRENT ASSETS
Debtors 6 774 781
Cash at bank 2,865 3,950
3,639 4,731
CREDITORS
Amounts falling due within one year 7 127,859 127,859
NET CURRENT LIABILITIES (124,220 ) (123,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,643

122,364

CREDITORS
Amounts falling due after more than one
year

8

118,715

120,156
NET ASSETS 45,928 2,208

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,926 2,206
SHAREHOLDERS' FUNDS 45,928 2,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Blitz Investments Ltd (Registered number: 10014290)

Statement of Financial Position - continued
29 February 2024


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 4 April 2024 and were signed by:





Mrs C Granger - Director


Blitz Investments Ltd (Registered number: 10014290)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Blitz Investments Ltd 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 rents receivable from the investment property owned by company. Rents are recognised up to the year end date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

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 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 2 (2023 - 2 ) .

Blitz Investments Ltd (Registered number: 10014290)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023 638
Additions 505
At 29 February 2024 1,143
DEPRECIATION
At 1 March 2023 146
Charge for year 134
At 29 February 2024 280
NET BOOK VALUE
At 29 February 2024 863
At 28 February 2023 492

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 245,000
Revaluations 43,000
At 29 February 2024 288,000
NET BOOK VALUE
At 29 February 2024 288,000
At 28 February 2023 245,000

The fair value of the property at February 2024 has been arrived at on the basis of a valuation carried out at the date by the director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takers takes into account the rental in the area where the properties are situated.

The leasehold property was acquired on 20 May 2016 and it runs for a term of 125 years from 14 August 2010.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Deferred tax asset 774 781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - (1 )
Other creditors 127,859 127,860
127,859 127,859

Blitz Investments Ltd (Registered number: 10014290)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 118,715 120,156

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 118,715 120,156

9. DEFERRED TAX
£   
Balance at 1 March 2023 (781 )
Provided during year 7
Balance at 29 February 2024 (774 )