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REGISTERED NUMBER: 00670117 (England and Wales)










Blenheim House Properties (Bradford)
Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blenheim House Properties (Bradford)
Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J A W Clough
R F Walker
R Bastow





SECRETARY: J A W Clough





REGISTERED OFFICE: Suite 9a
Mercury Quays
Ashley Lane
Shipley
West Yorkshire
BD17 7DB





REGISTERED NUMBER: 00670117 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,582,071 1,972,344
Investment property 6 2,050,200 2,040,200
3,632,271 4,012,544

CURRENT ASSETS
Debtors 7 76,541 61,084
Cash at bank 254,499 174,303
331,040 235,387
CREDITORS
Amounts falling due within one year 8 (55,527 ) (60,302 )
NET CURRENT ASSETS 275,513 175,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,907,784

4,187,629

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 9 490,996 480,996
Retained earnings 9 3,416,688 3,706,533
SHAREHOLDERS' FUNDS 3,907,784 4,187,629

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.

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Balance Sheet - continued
31 March 2024


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 13 September 2024 and were signed on its behalf by:





J A W Clough - Director


Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Blenheim House Properties (Bradford) 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.

Revenue recognition
Turnover represents the net invoiced amount for rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Investments
Investments are valued at their fair value with changes in recognised in the profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. At cost less impairment for all other investments.

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.

Donations
Donations made to the parent charity during the year are shown in the Statement of Change in Equity

Other donations made during the year are shown in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 47,153
DEPRECIATION
At 1 April 2023
and 31 March 2024 47,153
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Other investments not loans 1,582,071 1,972,344

Additional information is as follows:
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 1,942,954
Additions 321,665
Disposals (810,283 )
Revaluations 107,720
At 31 March 2024 1,562,056
NET BOOK VALUE
At 31 March 2024 1,562,056
At 31 March 2023 1,942,954


Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Dealing & Deposit account 13,608 21,457
Income account 3,421 5,558
Dividends pending 2,986 2,375
20,015 29,390

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,040,200
Revaluations 10,000
At 31 March 2024 2,050,200
NET BOOK VALUE
At 31 March 2024 2,050,200
At 31 March 2023 2,040,200

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 627,269
Valuation in 2019 (29,800 )
Valuation in 2021 11,863
Valuation in 2022 671,250
Valuation in 2023 (990,023 )
Valuation in 2024 10,000
Cost 1,749,641
2,050,200

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,749,641 1,749,641

Investment properties were valued on an open market basis on 31 March 2024 by Walker Singleton, BHT and the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 31,353 13,655
Other debtors 39,944 39,944
Prepayments and accrued income 5,244 7,485
76,541 61,084

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 319 -
Social security and other taxes 5,627 6,984
VAT 8,338 11,786
Other creditors 660 1,005
Accruals and deferred income 40,583 40,527
55,527 60,302

Blenheim House Properties (Bradford)
Limited (Registered number: 00670117)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 3,706,533 480,996 4,187,529
Profit for the year 242,463 - 242,463
Fair valuation movement (10,000 ) 10,000 -
Gift aid distribution to parent
charity

(522,308

)

-

(522,308

)

At 31 March 2024 3,416,688 490,996 3,907,684

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Harry and Mary Foundation a charitable company registered in England and Wales which prepares group financial statements. This company's registered office is Suite 9a Mercury Quays, Ashley Lane, Shipley, West Yorkshire, BD17 7DB.