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REGISTERED NUMBER: 11419758 (England and Wales)














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: R Barnes





Registered office: Pierrepont Farm
Terrington Marsh
Kings Lynn
Norfolk
PE34 4JD





Registered number: 11419758 (England and Wales)





Accountants: Moore Thompson
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.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


1 March 2024

Blue Door Lettings Limited (Registered number: 11419758)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 28,629 35,618
Investments 6 10 10
Investment property 7 1,717,000 1,746,666
1,745,639 1,782,294

Current assets
Debtors 8 4,771 3,970
Cash at bank 122,423 96,038
127,194 100,008
Creditors
Amounts falling due within one year 9 78,101 81,686
Net current assets 49,093 18,322
Total assets less current liabilities 1,794,732 1,800,616

Creditors
Amounts falling due after more than one
year

10

(1,599,859

)

(1,598,725

)

Provisions for liabilities (15,744 ) (23,078 )
Net assets 179,129 178,813

Capital and reserves
Called up share capital 10 10
Non-distributable reserve 12 48,198 70,447
Retained earnings 12 130,921 108,356
179,129 178,813

Blue Door Lettings Limited (Registered number: 11419758)

Statement of Financial Position - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 1 March 2024 and were signed by:





R Barnes - Director


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 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 1 (2022 - 1 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2022 58,780
Additions 498
At 30 June 2023 59,278
Depreciation
At 1 July 2022 23,162
Charge for year 7,487
At 30 June 2023 30,649
Net book value
At 30 June 2023 28,629
At 30 June 2022 35,618

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2022
and 30 June 2023 10
Net book value
At 30 June 2023 10
At 30 June 2022 10

7. Investment property
Total
£   
Fair value
At 1 July 2022 1,746,666
Revaluations (29,666 )
At 30 June 2023 1,717,000
Net book value
At 30 June 2023 1,717,000
At 30 June 2022 1,746,666

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 4,771 3,970

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to associates 59,134 60,694
Tax 6,637 11,065
Accrued expenses 12,330 9,927
78,101 81,686

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
1,599,859 1,598,725

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 762,249 750,882

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 762,249 750,882

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 108,356 70,447 178,803
Profit for the year 2,316 2,316
Dividends (2,000 ) (2,000 )
Investment property gain - (22,249 ) (22,249 )
Reval'n of investment property 22,249 - 22,249
At 30 June 2023 130,921 48,198 179,119