Registered number
00371481
Blundells (Chesham) Limited
Filleted Accounts
5 April 2024
Blundells (Chesham) Limited
Registered number: 00371481
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 115,000 105,000
Investments 4 215,563 211,373
330,563 316,373
Current assets
Debtors 5 - 1,100
Foreign Trading Account 70 47
Sharedeal Current Account 13,841 12,927
Cash at bank and in hand 2,951 5,453
16,862 19,527
Creditors: amounts falling due within one year 6 (6,315) (4,161)
Net current assets 10,547 15,366
Total assets less current liabilities 341,110 331,739
Provisions for liabilities (15,428) (11,605)
Net assets 325,682 320,134
Capital and reserves
Called up share capital 410 410
Other reserves 109,826 121,892
Revaluation reserve 7 - 5,000
Profit and loss account 215,446 192,832
Shareholders' funds 325,682 320,134
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Blundell
Director
Approved by the board on 13 September 2024
Blundells (Chesham) Limited
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 6 April 2023 105,000 15,847 120,847
Surplus on revaluation 10,000 - 10,000
At 5 April 2024 115,000 15,847 130,847
Depreciation
At 6 April 2023 - 15,847 15,847
At 5 April 2024 - 15,847 15,847
Net book value
At 5 April 2024 115,000 - 115,000
At 5 April 2023 105,000 - 105,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 2,509 2,509
Cumulative depreciation based on historical cost - -
2,509 2,509
Investment property was valued on an open market basis on 5 April 2024 by the directors.
4 Investments
Other
investments
£
Cost
At 6 April 2023 211,373
Additions 3,913
Revaluation 359
Disposals (82)
At 5 April 2024 215,563
Historical cost
At 6 April 2023 143,647
At 5 April 2024 147,662
5 Debtors 2024 2023
£ £
Other debtors - 1,100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (27) 1,118
Other creditors 6,342 3,043
6,315 4,161
7 Revaluation reserve 2024 2023
£ £
At 6 April 2023 5,000 5,000
Loss on revaluation of land and buildings (5,000) -
At 5 April 2024 - 5,000
8 Other information
Blundells (Chesham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
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