IRIS Accounts Production v24.1.9.2 13692668 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136926682022-10-31136926682023-10-31136926682022-11-012023-10-31136926682021-10-19136926682021-10-202022-10-31136926682022-10-3113692668ns15:EnglandWales2022-11-012023-10-3113692668ns14:PoundSterling2022-11-012023-10-3113692668ns10:Director12022-11-012023-10-3113692668ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3113692668ns10:SmallEntities2022-11-012023-10-3113692668ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3113692668ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3113692668ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3113692668ns10:FullAccounts2022-11-012023-10-3113692668ns10:OrdinaryShareClass12022-11-012023-10-3113692668ns10:Director22022-11-012023-10-3113692668ns10:RegisteredOffice2022-11-012023-10-3113692668ns5:CurrentFinancialInstruments2023-10-3113692668ns5:CurrentFinancialInstruments2022-10-3113692668ns5:Non-currentFinancialInstruments2023-10-3113692668ns5:Non-currentFinancialInstruments2022-10-3113692668ns5:ShareCapital2023-10-3113692668ns5:ShareCapital2022-10-3113692668ns5:RetainedEarningsAccumulatedLosses2023-10-3113692668ns5:RetainedEarningsAccumulatedLosses2022-10-3113692668ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113692668ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3113692668ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 13692668 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BLUES PROPERTY OVER LTD

BLUES PROPERTY OVER LTD (REGISTERED NUMBER: 13692668)






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


BLUES PROPERTY OVER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: I Purkiss
M K Wood





REGISTERED OFFICE: 98c Hartington Grove
Cambridge
Cambridgeshire
CB1 7UB





REGISTERED NUMBER: 13692668 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BLUES PROPERTY OVER LTD (REGISTERED NUMBER: 13692668)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,426,562 955,073
Debtors 5 3,249 1,908
Cash at bank 295 14,876
1,430,106 971,857
CREDITORS
Amounts falling due within one year 6 (1,231,654 ) (990,860 )
NET CURRENT ASSETS/(LIABILITIES) 198,452 (19,003 )
TOTAL ASSETS LESS CURRENT LIABILITIES 198,452 (19,003 )

CREDITORS
Amounts falling due after more than one
year

7

(259,050

)

-
NET LIABILITIES (60,598 ) (19,003 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (60,698 ) (19,103 )
SHAREHOLDERS' FUNDS (60,598 ) (19,003 )

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.

BLUES PROPERTY OVER LTD (REGISTERED NUMBER: 13692668)

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 24 July 2024 and were signed on its behalf by:





I Purkiss - Director


BLUES PROPERTY OVER LTD (REGISTERED NUMBER: 13692668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Blues Property Over Ltd 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
At the balance sheet date current liabilities exceeded current assets by £60,598 (2022:£19,003). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Stocks
Development costs classified under the balance sheet heading of 'Stocks' are stated at total costs incurred, net of amounts transferred to the profit and loss account in respect of work carried out to date.

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 year was NIL (2022 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,249 1,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,103,728 636,622
Trade creditors 16,353 46,474
Amounts owed to group undertakings 110,073 47,714
Other creditors 1,500 260,050
1,231,654 990,860

BLUES PROPERTY OVER LTD (REGISTERED NUMBER: 13692668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 259,050 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loan 1,103,728 636,622

The bank loan in other creditors is secured by a fixed charge over the property in development.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. AMOUNTS DUE TO GROUP UNDERTAKINGS

The amounts shown due to Group Undertakings is interest free, unsecured and carries no fixed repayment date.