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Registered number: 14123885
Block By Block Property Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14123885
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 444,450 284,450
444,450 284,450
CURRENT ASSETS
Debtors 5 223 863
Cash at bank and in hand 454 3,146
677 4,009
Creditors: Amounts Falling Due Within One Year 6 (495,103 ) (323,157 )
NET CURRENT ASSETS (LIABILITIES) (494,426 ) (319,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,976 ) (34,698 )
NET LIABILITIES (49,976 ) (34,698 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (50,076 ) (34,798 )
SHAREHOLDERS' FUNDS (49,976) (34,698)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr Nin Lun Lau
Director
Ms Oi Ki Tso
Director
22nd July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Block By Block Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14123885 . The registered office is Chalice House, Bromley Road, Elmstead, Colchester, Essex, CO7 7BY.
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 comprises revenue recognised by the company in respect of rental income during the financial year.
2.3. 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 income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 284,450
Additions 165,304
Revaluations (5,304)
As at 31 May 2024 444,450
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 223 354
Other debtors - 509
223 863
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income - 756
Directors' loan accounts 495,103 322,401
495,103 323,157
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4