IRIS Accounts Production v24.1.0.578 05216620 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052166202023-02-28052166202024-02-29052166202023-03-012024-02-29052166202022-02-28052166202022-03-012023-02-28052166202023-02-2805216620ns15:EnglandWales2023-03-012024-02-2905216620ns14:PoundSterling2023-03-012024-02-2905216620ns10:Director12023-03-012024-02-2905216620ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905216620ns10:SmallEntities2023-03-012024-02-2905216620ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905216620ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905216620ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905216620ns10:FullAccounts2023-03-012024-02-2905216620ns10:RegisteredOffice2023-03-012024-02-2905216620ns5:CurrentFinancialInstruments2024-02-2905216620ns5:CurrentFinancialInstruments2023-02-2805216620ns5:Non-currentFinancialInstruments2024-02-2905216620ns5:Non-currentFinancialInstruments2023-02-2805216620ns5:ShareCapital2024-02-2905216620ns5:ShareCapital2023-02-2805216620ns5:RetainedEarningsAccumulatedLosses2024-02-2905216620ns5:RetainedEarningsAccumulatedLosses2023-02-2805216620ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2905216620ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805216620ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2905216620ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2805216620ns5:RetainedEarningsAccumulatedLosses2023-02-2805216620ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 05216620 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Bleu Properties Ltd

Bleu Properties Ltd (Registered number: 05216620)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bleu Properties Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A D Wormald





REGISTERED OFFICE: Suite 1 Buttershaw Works
Buttershaw Lane
Bradford
West Yorkshire
BD6 2DD





REGISTERED NUMBER: 05216620 (England and Wales)






Bleu Properties Ltd (Registered number: 05216620)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investments 4 - -

CURRENT ASSETS
Stocks 5 9,895,103 9,963,016
Debtors 6 2,655,141 2,319,327
Cash at bank and in hand 198,266 198,419
12,748,510 12,480,762
CREDITORS
Amounts falling due within one year 7 157,421 156,100
NET CURRENT ASSETS 12,591,089 12,324,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,591,089

12,324,662

CREDITORS
Amounts falling due after more than one
year

8

8,409,750

8,456,000
NET ASSETS 4,181,339 3,868,662

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 4,181,337 3,868,660
SHAREHOLDERS' FUNDS 4,181,339 3,868,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bleu Properties Ltd (Registered number: 05216620)

Statement of Financial Position - continued
29 February 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 director and authorised for issue on 24 April 2024 and were signed by:





A D Wormald - Director


Bleu Properties Ltd (Registered number: 05216620)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Bleu Properties Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The total turnover of the company has been obtained from property sales, rents and management fees earned wholly in the UK .

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. FIXED ASSET INVESTMENTS

The Share Capital of Bleu Properties Two Limited was transferred to Bleu Properties Limited making it a wholly owned subsidiary on 6th April 2022.

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 9,895,103 9,963,016

The replacement and the net realisable values of the stock, based on the market value at the year end , as assessed by external experts, have been reviewed by the director at £21,815,000 (2023: £19,671,917.)
The company has registered legal mortgages on its trading property at companies house in favour of Svenska Handelsbanken AB(PUBL).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,655,141 2,319,327

Bleu Properties Ltd (Registered number: 05216620)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 38,650 30,529
Taxation and social security 109,349 120,178
Other creditors 9,422 5,393
157,421 156,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 8,409,750 8,456,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 8,409,750 8,456,000

9. RESERVES
Retained
earnings
£   

At 1 March 2023 3,868,660
Profit for the year 312,677
At 29 February 2024 4,181,337

10. ULTIMATE CONTROLLING PARTY

At the year end, the company was a wholly owned subsidiary of ADW Holdings Ltd, a company registered in England and Wales. The whole group is deemed to be ultimately controlled by A D Wormald, director, by virtue of his majority shareholding in the ultimate parent company.