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REGISTERED NUMBER: 11754465 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLN INVESTMENTS LIMITED

BLN INVESTMENTS LIMITED (REGISTERED NUMBER: 11754465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


BLN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs B A Vickery
Mrs M L Amphlett
Mr N P Amphlett





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 11754465 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BLN INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BLN Investments Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BLN Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BLN Investments Limited and state those matters that we have agreed to state to the Board of Directors of BLN Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLN Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BLN Investments Limited 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 loss of BLN Investments Limited. You consider that BLN Investments Limited 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 BLN Investments Limited. 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.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


5 September 2024

BLN INVESTMENTS LIMITED (REGISTERED NUMBER: 11754465)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,861,650 5,861,650

CURRENT ASSETS
Debtors 5 99,955 77,976
Cash at bank 253,921 649,860
353,876 727,836
CREDITORS
Amounts falling due within one year 6 614,450 834,195
NET CURRENT LIABILITIES (260,574 ) (106,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,601,076

5,755,291

CREDITORS
Amounts falling due after more than one
year

7

(491,779

)

(802,766

)

PROVISIONS FOR LIABILITIES 9 (1,060,280 ) (805,813 )
NET ASSETS 4,049,017 4,146,712

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 10 4,049,014 4,146,709
4,049,017 4,146,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mr N P Amphlett - Director


BLN INVESTMENTS LIMITED (REGISTERED NUMBER: 11754465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

BLN Investments 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.

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.

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 Income Statement, 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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 5,861,650
NET BOOK VALUE
At 31 March 2024 5,861,650
At 31 March 2023 5,861,650

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 4,241,120
Cost 1,620,530
5,861,650

BLN INVESTMENTS LIMITED (REGISTERED NUMBER: 11754465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,620,530 1,620,530

Investment property was valued on an informal basis on 8 October 2022 by Fisher German .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,342 40,852
Other debtors 34,613 37,124
99,955 77,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,075 67,923
Trade creditors - 2,811
Taxation and social security 74,961 257,223
Other creditors 500,414 506,238
614,450 834,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 491,779 802,766

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 311,179 349,969

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 530,854 870,689

Santander UK plc hold a legal charge over the company's properties, buildings and all fixtures on each property.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,060,280 805,813

BLN INVESTMENTS LIMITED (REGISTERED NUMBER: 11754465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 805,813
Capital gains tax on
revaluation of investment
properties 254,467
Balance at 31 March 2024 1,060,280

10. RESERVES
Retained
earnings
£   

At 1 April 2023 4,146,709
Deficit for the year (97,695 )
At 31 March 2024 4,049,014

11. RELATED PARTY DISCLOSURES

During the year the company charged rent, service charges and insurance of £210,430 (2023: £629,266) to Dzine Furnishing Solutions Limited. At the year end date £31,031 (2023: £11,388) was outstanding. Dzine Furnishing Solutions Limited is under the control of the directors.