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REGISTERED NUMBER: 04250338 (England and Wales)















Blakestone Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Blakestone Limited (Registered number: 04250338)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blakestone Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr R H Lampon
Mrs A F Lampon-Monk
Miss J R F Lampon
Mr J H Lampon





SECRETARY: Mrs A F Lampon-Monk





REGISTERED OFFICE: Lovetts Farm
Wheelers Lane
Hadlow Down
Uckfield
East Sussex
TN22 4HR





REGISTERED NUMBER: 04250338 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Blakestone Limited (Registered number: 04250338)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,665,000 1,665,000

CURRENT ASSETS
Debtors 5 23,228 121,818
Cash at bank and in hand 9,661 29,623
32,889 151,441
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

176,569

305,707
NET CURRENT LIABILITIES (143,680 ) (154,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,521,320

1,510,734

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(323,200

)

(323,200

)

PROVISIONS FOR LIABILITIES (127,518 ) (96,914 )
NET ASSETS 1,070,602 1,090,620

CAPITAL AND RESERVES
Called up share capital 9 23,373 23,373
Share premium 209,238 209,238
Fair value reserve 10 777,176 807,780
Retained earnings 60,815 50,229
SHAREHOLDERS' FUNDS 1,070,602 1,090,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Blakestone Limited (Registered number: 04250338)

Balance Sheet - continued
31 October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr R H Lampon - Director


Blakestone Limited (Registered number: 04250338)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Blakestone 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rent receivable from tenants and is recognised on an accruals basis.

Investment property
Investment properties are shown at fair value at each reporting date. Any aggregate surplus or deficit arising for changes in fair value is recognised in the Profit and Loss Account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Blakestone Limited (Registered number: 04250338)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,665,000
NET BOOK VALUE
At 31 October 2023 1,665,000
At 31 October 2022 1,665,000

If investment properties had not been revalued they would have been included at their historical cost of £760,306 (2022 - £760,306).

Investment properties were valued on a fair value basis on 31 October 2023 by R H Lampon, a director of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,228 121,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 288,500
Taxation and social security 2,518 2,436
Other creditors 174,051 14,771
176,569 305,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 323,200 323,200

Blakestone Limited (Registered number: 04250338)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 323,200 611,700

Borrowings are secured over certain of the company's investment properties together with a fixed and floating charge over the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
23,373 Ordinary £1 23,373 23,373

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022 807,780
Transfer of deferred tax on fair value
adjustments

(30,604

)


At 31 October 2023 777,176

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed a director who holds a participating interest £4,381 (2022 - £3,955).

At the balance sheet date, Blakestone Limited was owed £21,394 (2022 - £21,394) by a company in which the director holds participating interests. Blakestone Limited also owed £162,823 (2022 - was owed £99,278) by another company in which the director holds participating interests.

These loans are unsecured, interest free and repayable on demand.