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REGISTERED NUMBER: 04504350 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLUE DOOR PROPERTY LETTINGS LTD

BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

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


BLUE DOOR PROPERTY LETTINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N J Askew
R B Callaway





REGISTERED OFFICE: 5 The Quadrant
Coventry
CV1 2EL





REGISTERED NUMBER: 04504350 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,737,518 2,947,518
2,737,518 2,947,518

CURRENT ASSETS
Debtors 6 225,053 238,826
Cash at bank and in hand 20,126 23,291
245,179 262,117
CREDITORS
Amounts falling due within one year 7 720,449 761,778
NET CURRENT LIABILITIES (475,270 ) (499,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,262,248

2,447,857

CREDITORS
Amounts falling due after more than one
year

8

(1,813,053

)

(1,985,824

)

PROVISIONS FOR LIABILITIES (297,921 ) (247,119 )
NET ASSETS 151,274 214,914

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 893,760 1,053,505
Retained earnings (742,586 ) (838,691 )
151,274 214,914

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.

BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

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 22 October 2024 and were signed on its behalf by:




N J Askew - Director



R B Callaway - Director


BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

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


1. STATUTORY INFORMATION

Blue Door Property Lettings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for property letting.. Rental income is recognised from the point where they become available for letting.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 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).

BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 8,064
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,064
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,947,518
Disposals (260,000 )
Revaluations 50,000
At 31 March 2024 2,737,518
NET BOOK VALUE
At 31 March 2024 2,737,518
At 31 March 2023 2,947,518

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2005 133,944
Valuation in 2006 648,116
Valuation in 2007 378,748
Valuation in 2011 (559,163 )
Valuation in 2012 (73,000 )
Valuation in 2013 (10,201 )
Valuation in 2015 105,000
Valuation in 2018 344,262
Valuation in 2023 332,922
Valuation in 2024 (108,943 )
Cost 1,545,833
2,737,518

BLUE DOOR PROPERTY LETTINGS LTD (REGISTERED NUMBER: 04504350)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 182,347 196,248
Other debtors 42,706 42,578
225,053 238,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,043 7,549
Other creditors 714,406 754,229
720,449 761,778

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,813,053 1,985,824

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 1,053,505
Non- distributable fair value (159,745 )

At 31 March 2024 893,760

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr N Askew and Mr R Callaway, by virtue of their shareholder in the parent company, throughout the current year.

At 31 March 2024 Blue Door Property Lettings Limited was owed £46,144 (2023 £46,144) by Blue Door Holdings Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Blue Door Holdings Limited a company incorporated in England with the company number 05744558