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Registered number: 11602029
Bloomer Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bloomer Homes Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Bloomer Homes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bloomer Homes Ltd and state those matters that we have agreed to state to the director of Bloomer Homes Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Bloomer Homes Ltd 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 Bloomer Homes Ltd . You consider that Bloomer Homes Ltd 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 Bloomer Homes Ltd . 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.
Signed
31st July 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Page 1
Page 2
Balance Sheet
Registered number: 11602029
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 921,955 911,955
921,955 911,955
CURRENT ASSETS
Cash at bank and in hand 2,038 21,156
2,038 21,156
NET CURRENT ASSETS (LIABILITIES) 2,038 21,156
TOTAL ASSETS LESS CURRENT LIABILITIES 923,993 933,111
Creditors: Amounts Falling Due After More Than One Year 6 (791,180 ) (807,840 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,000 ) (38,000 )
NET ASSETS 94,813 87,271
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 94,713 87,171
SHAREHOLDERS' FUNDS 94,813 87,271
Page 2
Page 3
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Anda-Lavinia Ciocotisan
Director
31st July 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Bloomer Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11602029 . The registered office is Suite 110, The Pinnacle 150 Midsummer Boulevard, Milton Keynes, MK9 1FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 607
As at 31 October 2023 607
Depreciation
As at 1 November 2022 607
As at 31 October 2023 607
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
Page 4
Page 5
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 911,955
Additions 10,000
As at 31 October 2023 921,955
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 612,000 612,000
Other creditors 179,180 195,840
791,180 807,840
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
At the Balance Sheet date, the company had outstanding liabilities amounting to £179,180 (2022: £195,840) to a related entity and individual with whom the Director has both an interest and a personal association.
Page 5