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Registration number: 14228634

Don't Blink Properties Limited

Annual Report and Unaudited Financial Statements

for the Period from 12 July 2022 to 31 July 2023

 

Don't Blink Properties Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Don't Blink Properties Limited

Company Information

Director

Mr DW Barlow

Registered office

Owl Barn
Stone Corner
Ebony
Tenterden
Kent
TN30 7JG

Accountants

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

 

Don't Blink Properties Limited

Director's Report for the Period from 12 July 2022 to 31 July 2023

The director presents his report and the financial statements for the period from 12 July 2022 to 31 July 2023.

Incorporation

The company was incorporated on 12 July 2022 and commenced trading on 1 August 2022

Director of the company

The director who held office during the period was as follows:

Mr DW Barlow (appointed 12 July 2022)

Principal activity

The principal activity of the company is property investments

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 April 2024
 

.........................................
Mr DW Barlow
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Don't Blink Properties Limited
for the Period Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Don't Blink Properties Limited for the period ended 31 July 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Don't Blink Properties 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 accounts of Don't Blink Properties Limited and state those matters that we have agreed to state to the Board of Directors of Don't Blink Properties Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Don't Blink Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Don't Blink Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Don't Blink Properties Limited. You consider that Don't Blink Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Don't Blink Properties 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 accounts.

......................................

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

9 April 2024

 

Don't Blink Properties Limited

Profit and Loss Account for the Period from 12 July 2022 to 31 July 2023

Note

2023
£

Turnover

 

7,250

Gross profit

 

7,250

Administrative expenses

 

(33,137)

Operating loss

 

(25,887)

Interest payable and similar expenses

 

(9,220)

Loss before tax

(35,107)

Loss for the financial period

 

(35,107)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Don't Blink Properties Limited

Statement of Comprehensive Income for the Period from 12 July 2022 to 31 July 2023

2023
£

Loss for the period

(35,107)

Total comprehensive income for the period

(35,107)

 

Don't Blink Properties Limited

(Registration number: 14228634)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

430,000

Current assets

 

Cash at bank and in hand

 

561

Creditors: Amounts falling due within one year

5

(154,558)

Net current liabilities

 

(153,997)

Total assets less current liabilities

 

276,003

Creditors: Amounts falling due after more than one year

5

(311,010)

Net liabilities

 

(35,007)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(35,107)

Shareholders' deficit

 

(35,007)

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 April 2024
 

.........................................
Mr DW Barlow
Director

 

Don't Blink Properties Limited

Statement of Changes in Equity for the Period from 12 July 2022 to 31 July 2023

Share capital
£

Retained earnings
£

Total
£

Loss for the period

-

(35,107)

(35,107)

New share capital subscribed

100

-

100

At 31 July 2023

100

(35,107)

(35,007)

 

Don't Blink Properties Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Owl Barn
Stone Corner
Ebony
Tenterden
Kent
TN30 7JG
England

These financial statements were authorised for issue by the director on 9 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Don't Blink Properties Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to 31 July 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Don't Blink Properties Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to 31 July 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

430,000

430,000

At 31 July 2023

430,000

430,000

Depreciation

Carrying amount

At 31 July 2023

430,000

430,000

Included within the net book value of land and buildings above is £430,000 in respect of freehold land and buildings.
 

 

Don't Blink Properties Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to 31 July 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

900

Other creditors

153,658

154,558

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

7

311,010

6

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

100

100

   

7

Loans and borrowings

Non-current loans and borrowings

2023
£

Other borrowings

311,010

8

Related party transactions

Summary of transactions with parent

Don't Blink Limited has provided loans to Don't Blink Properties Limited to enable the initial investments to be funded. These loans are not set up on a formal basis and are repayable on demand.
 

Loans from related parties

 

Don't Blink Properties Limited

Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to 31 July 2023

2023

Parent
£

Total
£

Advanced

197,232

197,232

Repaid

(43,474)

(43,474)

At end of period

153,758

153,758

Terms of loans from related parties

The loans from the parent company are repayable on demand
 

9

Parent and ultimate parent undertaking

Don't Blink Limited is a 100% shareholder of Don't Blink Properties Limited

 The company's immediate parent is Don't Blink Limited, incorporated in England.