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Sage Accounts Production 23.0 - FRS102_2021
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Company registration number:
05540108
Blenheim Commercial Limited
Unaudited filleted financial statements
31 August 2023
Blenheim Commercial Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Blenheim Commercial Limited
Directors and other information
|
|
|
|
Directors |
Mr B Karavadra |
|
|
Mr L Karavadra |
|
|
|
|
|
|
|
Company number |
05540108 |
|
|
|
|
|
|
|
Registered office |
228 Portland Crescent |
|
|
Stanmore |
|
|
Middlesex |
|
|
HA7 1LS |
|
|
|
|
|
|
|
Accountants |
Pandit & Associates Limited |
|
|
Portland House |
|
|
228 Portland Crescent |
|
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Stanmore |
|
|
Middlesex |
|
|
HA7 1LS |
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|
Blenheim Commercial Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Blenheim Commercial Limited
Year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blenheim Commercial Limited for the year ended 31 August 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Blenheim Commercial Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Blenheim Commercial Limited and state those matters that we have agreed to state to the board of directors of Blenheim Commercial Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blenheim Commercial Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Blenheim Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blenheim Commercial Limited. You consider that Blenheim Commercial Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Blenheim Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Pandit & Associates Limited
Chartered Certified Accountants
Portland House
228 Portland Crescent
Stanmore
Middlesex
HA7 1LS
8 November 2023
Blenheim Commercial Limited
Statement of financial position
31 August 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Investments |
|
4 |
7,984,556 |
|
|
|
7,984,556 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
7,984,556 |
|
|
|
7,984,556 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
5 |
351,157 |
|
|
|
265,622 |
|
|
Cash at bank and in hand |
|
|
25,467 |
|
|
|
79,892 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
376,624 |
|
|
|
345,514 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
1,152,228) |
|
|
|
(
1,090,822) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
775,604) |
|
|
|
(
745,308) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
7,208,952 |
|
|
|
7,239,248 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
4,072,337) |
|
|
|
(
4,179,249) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
440,657) |
|
|
|
(
440,657) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
2,695,958 |
|
|
|
2,619,342 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Revaluation reserve |
|
|
|
|
2,098,731 |
|
|
|
2,098,731 |
Profit and loss account |
|
|
|
|
597,127 |
|
|
|
520,511 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
2,695,958 |
|
|
|
2,619,342 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
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|
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 November 2023
, and are signed on behalf of the board by:
Mr B Karavadra
Mr L Karavadra
Director
Director
Company registration number:
05540108
Blenheim Commercial Limited
Statement of changes in equity
Year ended 31 August 2023
|
|
Called up share capital |
|
Revaluation reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 September 2021 |
|
100 |
|
2,098,731 |
|
470,858 |
2,569,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
49,653 |
49,653 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
49,653 |
49,653 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 August 2022 and 1 September 2022 |
|
100 |
|
2,098,731 |
|
520,511 |
2,619,342 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
76,616 |
76,616 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
76,616 |
76,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 August 2023 |
|
100 |
|
2,098,731 |
|
597,127 |
2,695,958 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
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|
Blenheim Commercial Limited
Notes to the financial statements
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Portland House, 228 Portland Crescent, Stanmore, Middlesex, HA7 1LS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 September 2022 and 31 August 2023 |
7,984,556 |
7,984,556 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 September 2022 and 31 August 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2023 |
7,984,556 |
7,984,556 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2022 |
7,984,556 |
7,984,556 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
- |
189 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
350,683 |
261,329 |
|
Other debtors |
|
474 |
4,104 |
|
|
|
_______ |
_______ |
|
|
|
351,157 |
265,622 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
150,843 |
70,579 |
|
Trade creditors |
|
- |
10,350 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
886,698 |
886,698 |
|
Corporation tax |
|
19,777 |
27,635 |
|
Other creditors |
|
94,910 |
95,560 |
|
|
|
_______ |
_______ |
|
|
|
1,152,228 |
1,090,822 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
2,482,025 |
2,588,937 |
|
Other creditors |
|
1,590,312 |
1,590,312 |
|
|
|
_______ |
_______ |
|
|
|
4,072,337 |
4,179,249 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Directors advances, credits and guarantees
|
|
Balance brought forward and o/standing |
Balance brought forward and o/standing |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Mr B Karavadra |
1,682,122 |
1,682,122 |
|
|
_______ |
_______ |
|
|
|
|