REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
16 AUGUST 2022 TO 31 AUGUST 2023 |
FOR |
BLUES PROPERTY LETTINGS LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 represents rents receivable. |
Tangible fixed assets |
Plant and machinery etc | - |
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 |
At 31 August 2023 |
DEPRECIATION |
Charge for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
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: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 were issued during the period |