REGISTERED NUMBER: |
Blue Door Lettings Limited |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
REGISTERED NUMBER: |
Blue Door Lettings Limited |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
Blue Door Lettings Limited (Registered number: 11419758) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company information | 1 |
Chartered accountants' report | 2 |
Statement of financial position | 3 |
Notes to the financial statements | 5 |
Blue Door Lettings Limited |
Company Information |
for the Year Ended 30 June 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Monica House |
St Augustines Road |
Wisbech |
Cambridgeshire |
PE13 3AD |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Blue Door Lettings Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Door Lettings Limited for the year ended 30 June 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Blue Door Lettings Limited in accordance with the terms of our engagement letter dated 19 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Door Lettings Limited and state those matters that we have agreed to state to the director of Blue Door Lettings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Door Lettings Limited and its director for our work or for this report. |
It is your duty to ensure that Blue Door Lettings 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 Blue Door Lettings Limited. You consider that Blue Door Lettings 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 Blue Door Lettings 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. |
Monica House |
St Augustines Road |
Wisbech |
Cambridgeshire |
PE13 3AD |
Blue Door Lettings Limited (Registered number: 11419758) |
Statement of Financial Position |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investments | 6 |
Investment property | 7 |
Current assets |
Debtors | 8 |
Cash at bank |
Creditors |
Amounts falling due within one year | 9 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Non-distributable reserve | 12 |
Retained earnings | 12 |
Blue Door Lettings Limited (Registered number: 11419758) |
Statement of Financial Position - continued |
30 June 2023 |
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. |
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 |
Blue Door Lettings Limited (Registered number: 11419758) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | Statutory information |
Blue Door Lettings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Blue Door Lettings Limited (Registered number: 11419758) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
4. | Employees and directors |
The average number of employees during the year was |
5. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 July 2022 |
Additions |
At 30 June 2023 |
Depreciation |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 July 2022 |
and 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
7. | Investment property |
Total |
£ |
Fair value |
At 1 July 2022 |
Revaluations | (29,666 | ) |
At 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
Blue Door Lettings Limited (Registered number: 11419758) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | Investment property - continued |
Fair value at 30 June 2023 is represented by: |
£ |
Valuation in 2022 | 93,929 |
Valuation in 2023 | (29,666 | ) |
Cost | 1,652,737 |
1,717,000 |
If Investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 1,652,737 | 1,652,737 |
Investment property was valued on an open market basis basis on 6 February 2024 by the director . |
8. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Prepayments |
9. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed to associates | 59,134 | 60,694 |
Tax |
Accrued expenses |
10. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans more 5 yrs non-inst | 762,249 | 750,882 |
Directors' loan accounts | 837,610 | 847,843 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Blue Door Lettings Limited (Registered number: 11419758) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
11. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The bank loans of £750,882 (2022: £4750,882) are secured by the following: |
(a) a legal charge dated 17 January 2020 over the freehold of 12 Tower Crescent, Lincoln LN2 5QE |
(b) a legal charge dated 4 October 2019 over the freehold of 132 Viking, Bracknell RG12 8UW |
(c) a legal charge dated 3 October 2020 over the freehold of 16 South Park, Lincoln LN5 8EP |
(d) a legal charge date 10 October 2021 over the freehold of 59 St Catherines, Lincoln LN5 8LR |
12. | Reserves |
Retained | Non-distributable |
earnings | reserve | Totals |
£ | £ | £ |
At 1 July 2022 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Investment property gain | - | (22,249 | ) | (22,249 | ) |
Reval'n of investment property | 22,249 | - | 22,249 |
At 30 June 2023 | 179,119 |