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REGISTERED NUMBER: 14299329 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 AUGUST 2022 TO 31 AUGUST 2023

FOR

BLUES PROPERTY LETTINGS LIMITED

BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 AUGUST 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUES PROPERTY LETTINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 16 AUGUST 2022 TO 31 AUGUST 2023







DIRECTOR: I Purkiss





REGISTERED OFFICE: 98c Hartington Grove
Cambridge
Cambridgeshire
CB1 7UB





REGISTERED NUMBER: 14299329 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)

BALANCE SHEET
31 AUGUST 2023

Notes £   
FIXED ASSETS
Tangible assets 5 10,800
Investment property 6 653,190
663,990

CURRENT ASSETS
Debtors 7 3,302
Cash at bank 14,127
17,429
CREDITORS
Amounts falling due within one year 8 (179,462 )
NET CURRENT LIABILITIES (162,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 501,957

CREDITORS
Amounts falling due after more than one year 9 (494,940 )
NET ASSETS 7,017

CAPITAL AND RESERVES
Called up share capital 11 100
Retained earnings 6,917
SHAREHOLDERS' FUNDS 7,017

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

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

BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)

BALANCE SHEET - continued
31 AUGUST 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





I Purkiss - Director


BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 AUGUST 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Blues Property Lettings 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.

Turnover
Turnover represents rents receivable.

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 etc - 20% on cost

Investment property
Investment property is held at market value.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 AUGUST 2022 TO 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 13,500
At 31 August 2023 13,500
DEPRECIATION
Charge for period 2,700
At 31 August 2023 2,700
NET BOOK VALUE
At 31 August 2023 10,800

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 653,190
At 31 August 2023 653,190
NET BOOK VALUE
At 31 August 2023 653,190

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,302

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 24
Amounts owed to group undertakings 178,688
Other creditors 750
179,462

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 494,940

BLUES PROPERTY LETTINGS LIMITED (REGISTERED NUMBER: 14299329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 AUGUST 2022 TO 31 AUGUST 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgage 494,940

The mortgage in other creditors is secured by a fixed and floating charge over the property in development.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .