17 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03846621 2022-10-01 2023-09-30 03846621 2023-09-30 03846621 2022-09-30 03846621 2021-10-01 2022-09-30 03846621 2022-09-30 03846621 2021-09-30 03846621 core:FurnitureFittings 2022-10-01 2023-09-30 03846621 bus:Director1 2022-10-01 2023-09-30 03846621 core:FurnitureFittings 2022-09-30 03846621 core:FurnitureFittings 2023-09-30 03846621 core:WithinOneYear 2023-09-30 03846621 core:WithinOneYear 2022-09-30 03846621 core:ShareCapital 2023-09-30 03846621 core:ShareCapital 2022-09-30 03846621 core:RetainedEarningsAccumulatedLosses 2023-09-30 03846621 core:RetainedEarningsAccumulatedLosses 2022-09-30 03846621 core:FurnitureFittings 2022-09-30 03846621 bus:Director1 2022-09-30 03846621 bus:Director1 2023-09-30 03846621 bus:Director1 2021-09-30 03846621 bus:Director1 2022-09-30 03846621 bus:Director1 2021-10-01 2022-09-30 03846621 bus:SmallEntities 2022-10-01 2023-09-30 03846621 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03846621 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03846621 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03846621 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 03846621
BLR Property Management Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2023
BLR Property Management Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
5,114
5,873
Current assets
Debtors
6
433,301
373,243
Cash at bank and in hand
69,149
44,434
---------
---------
502,450
417,677
Creditors: amounts falling due within one year
7
218,108
156,487
---------
---------
Net current assets
284,342
261,190
---------
---------
Total assets less current liabilities
289,456
267,063
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
289,256
266,863
---------
---------
Shareholders funds
289,456
267,063
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLR Property Management Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 2 August 2024 , and are signed on behalf of the board by:
J Galliers
Director
Company registration number: 03846621
BLR Property Management Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for management fees, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2022: 21 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 October 2022
29,393
6,622
36,015
Additions
1,769
1,769
--------
-------
--------
At 30 September 2023
29,393
8,391
37,784
--------
-------
--------
Depreciation
At 1 October 2022
27,670
2,472
30,142
Charge for the year
431
2,097
2,528
--------
-------
--------
At 30 September 2023
28,101
4,569
32,670
--------
-------
--------
Carrying amount
At 30 September 2023
1,292
3,822
5,114
--------
-------
--------
At 30 September 2022
1,723
4,150
5,873
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
97,632
16,538
Amounts owed by group undertakings and undertakings in which the company has a participating interest
313,639
334,350
Other debtors
22,030
22,355
---------
---------
433,301
373,243
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,246
1,972
Trade creditors
100,892
68,550
Amounts owed to group undertakings and undertakings in which the company has a participating interest
14,410
14,410
Corporation tax
7,974
4,446
Social security and other taxes
73,362
63,708
Other creditors
18,224
3,401
---------
---------
218,108
156,487
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J Galliers
4,181
4,181
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J Galliers
( 618)
4,799
4,181
----
-------
-------
9. Controlling party
The ultimate parent undertaking is Basicland Registrars Holdings Limited, a company registered in England and Wales.