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REGISTERED NUMBER: 05745011 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLUE BOAR COURT LIMITED

BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE BOAR COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: F J Everett
L J Garbutt





SECRETARY: A Garbutt





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Upper Farm
Great Witcombe
Gloucester
Gloucestershire
GL3 4TT





REGISTERED NUMBER: 05745011 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,595 -
Investment property 5 4,800,000 4,800,000
4,806,595 4,800,000

CURRENT ASSETS
Debtors 6 112,545 110,457
Cash at bank 1,155,299 1,356,166
1,267,844 1,466,623
CREDITORS
Amounts falling due within one year 7 451,321 778,640
NET CURRENT ASSETS 816,523 687,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,623,118

5,487,983

PROVISIONS FOR LIABILITIES 322,403 322,403
NET ASSETS 5,300,715 5,165,580

CAPITAL AND RESERVES
Called up share capital 7,998 7,998
Share premium 2,430,000 2,430,000
Fair value reserve 8 1,972,979 1,972,979
Retained earnings 889,738 754,603
5,300,715 5,165,580

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2024 and were signed on its behalf by:




L J Garbutt - Director



F J Everett - Director


BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)

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

1. STATUTORY INFORMATION

Blue Boar Court 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 as modified by the revaluation of certain assets.

Turnover
Revenue is receivable by the company in respect of renting out commercial properties.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - 1 ) .

BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 7,840
At 31 December 2023 7,840
DEPRECIATION
Charge for year 1,245
At 31 December 2023 1,245
NET BOOK VALUE
At 31 December 2023 6,595

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 4,800,000
NET BOOK VALUE
At 31 December 2023 4,800,000
At 31 December 2022 4,800,000

The 2022 valuation of £4,800,000 was made by Marriots Oxford, on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 101,013 104,784
Other debtors 8,864 2,235
Prepayments and accrued income 2,668 3,438
112,545 110,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,882 4,628
Corporation Tax 62,305 48,507
Social security and other taxes 1,356 -
VAT 70 13,414
Directors' loan accounts 300,307 625,000
Accruals and deferred income 80,401 87,091
451,321 778,640

BLUE BOAR COURT LIMITED (REGISTERED NUMBER: 05745011)

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

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 1,972,979

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
F J Everett
Balance outstanding at start of year (312,500 ) -
Amounts advanced 185,955 -
Amounts repaid (44,327 ) (312,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (170,872 ) (312,500 )

L J Garbutt
Balance outstanding at start of year (312,500 ) -
Amounts advanced 192,798 -
Amounts repaid (9,733 ) (312,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (129,435 ) (312,500 )

The director loans are repayable on demand. No interest is charged.