Registered number
13906120
Blenheim Villa Properties Limited
Filleted Accounts
29 February 2024
Blenheim Villa Properties Limited
Registered number: 13906120
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 275 413
Investment property 4 130,306 130,306
130,581 130,719
Current assets
Cash at bank and in hand 2,867 1,539
Creditors: amounts falling due within one year 5 (44,421) (48,673)
Net current liabilities (41,554) (47,134)
Total assets less current liabilities 89,027 83,585
Creditors: amounts falling due after more than one year 6 (94,595) (94,595)
Net liabilities (5,568) (11,010)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,668) (11,110)
Shareholders' funds (5,568) (11,010)
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.
E Tipple
Director
Approved by the board on 9 September 2024
Blenheim Villa Properties Limited
Notes to the Accounts
for the year ended 29 February 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).
Going concern
The directors will continue to support the Company, where required, for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.
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:
Office equipment 25% straight line
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 March 2023 550
At 29 February 2024 550
Depreciation
At 1 March 2023 137
Charge for the year 138
At 29 February 2024 275
Net book value
At 29 February 2024 275
At 28 February 2023 413
4 Investment property
Freehold
investment
property
£
Valuation
At 1 March 2023 130,306
At 29 February 2024 130,306
The 2024 valuations were made by the director, on an open market value for existing use basis.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 500 500
Other creditors 43,921 48,173
44,421 48,673
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 94,595 94,595
7 Related party transactions
As at 29 February 2024 the balance owed to the directors was £43,921 (2023: £48,173).
8 Other information
Blenheim Villa Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
286a Dereham Road
Norwich
NR2 3UU
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