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REGISTERED NUMBER: SC033678 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

BLANEFIELD HOLDINGS LIMITED

BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLANEFIELD HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A B Bernard





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
G2 6HJ





REGISTERED NUMBER: SC033678 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 268,749 250,852
Investment property 5 1,037,800 1,037,800
1,306,549 1,288,652

CURRENT ASSETS
Debtors 6,625 7,206
Cash at bank 106,596 76,283
113,221 83,489
CREDITORS
Amounts falling due within one year 35,117 38,540
NET CURRENT ASSETS 78,104 44,949
TOTAL ASSETS LESS CURRENT LIABILITIES 1,384,653 1,333,601

PROVISIONS FOR LIABILITIES 34,741 34,741
NET ASSETS 1,349,912 1,298,860

CAPITAL AND RESERVES
Called up share capital 7,064 7,064
Capital redemption reserve 2,936 2,936
Retained earnings 1,339,912 1,288,860
1,349,912 1,298,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 October 2024 and were signed by:





A B Bernard - Director


BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Blanefield Holdings Limited is a private company, limited by shares , registered in Scotland. 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.

In accordance with their responsibilities as director, the director has considered the appropriateness of the
going concern basis for the preparation of the financial statements.

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

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.

Investment properties
The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

ii) No depreciation or amortisation is provided in respect of investment properties.

Included in the Retained Earnings is a non-distributable reserve of £667,176 (2023: £688,000).

3. EMPLOYEES AND DIRECTORS

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

BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 February 2023 250,852
Revaluations 17,897
At 31 January 2024 268,749
NET BOOK VALUE
At 31 January 2024 268,749
At 31 January 2023 250,852

Cost or valuation at 31 January 2024 is represented by:
Totals
£   
Valuation in 2023 4,008
Valuation in 2024 17,897
Cost 246,844
268,749

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,037,800
NET BOOK VALUE
At 31 January 2024 1,037,800
At 31 January 2023 1,037,800

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 643,000
Valuation in 2023 45,000
Cost 349,800
1,037,800

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 349,800 349,800

Investments property was valued on an open market basis on 31 January 2024 by directors .

BLANEFIELD HOLDINGS LIMITED (REGISTERED NUMBER: SC033678)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Deferred tax has been provided for should the investment properties be realised at the revalued amount.

6. ULTIMATE CONTROLLING PARTY

The controlling party is DB Towerwood Ltd.