Bluepearl Property Limited 04748773 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is investment property ownership and letting Digita Accounts Production Advanced 6.30.9574.0 true 04748773 2023-04-01 2024-03-31 04748773 2024-03-31 04748773 core:OtherReservesSubtotal 2024-03-31 04748773 core:RetainedEarningsAccumulatedLosses 2024-03-31 04748773 core:ShareCapital 2024-03-31 04748773 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04748773 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04748773 core:FurnitureFittingsToolsEquipment 2024-03-31 04748773 core:MotorVehicles 2024-03-31 04748773 bus:SmallEntities 2023-04-01 2024-03-31 04748773 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04748773 bus:FilletedAccounts 2023-04-01 2024-03-31 04748773 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04748773 bus:RegisteredOffice 2023-04-01 2024-03-31 04748773 bus:Director1 2023-04-01 2024-03-31 04748773 bus:Director3 2023-04-01 2024-03-31 04748773 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04748773 core:FurnitureFittings 2023-04-01 2024-03-31 04748773 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04748773 core:MotorVehicles 2023-04-01 2024-03-31 04748773 countries:England 2023-04-01 2024-03-31 04748773 2023-03-31 04748773 core:FurnitureFittingsToolsEquipment 2023-03-31 04748773 core:MotorVehicles 2023-03-31 04748773 2022-04-01 2023-03-31 04748773 2023-03-31 04748773 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04748773 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04748773 core:FurnitureFittingsToolsEquipment 2023-03-31 04748773 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04748773

Bluepearl Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Bluepearl Property Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bluepearl Property Limited

Company Information

Directors

J D B Ford

C O R Ford-Welman

Registered office

71 Moscow Road
London
W2 4XW

Bankers

HSBC Bank PLC
Grimsby
55 Victoria Street
Grimsby
N E Lincolnshire
DN31 1UX

 

Bluepearl Property Limited

(Registration number: 04748773)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

375

875

Investment property

5

314,400

341,900

 

314,775

342,775

Current assets

 

Debtors

6

397

416

Cash at bank and in hand

 

42,541

63,847

 

42,938

64,263

Creditors: Amounts falling due within one year

7

(1,900)

(436,175)

Net current assets/(liabilities)

 

41,038

(371,912)

Total assets less current liabilities

 

355,813

(29,137)

Creditors: Amounts falling due after more than one year

7

(419,159)

-

Net liabilities

 

(63,346)

(29,137)

Capital and reserves

 

Called up share capital

300

300

Fair value reserve

(91,383)

(63,883)

Profit and loss account

27,737

34,446

Total equity

 

(63,346)

(29,137)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

.........................................
J D B Ford
Director

 

Bluepearl Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
71 Moscow Road
London
W2 4XW

These financial statements were authorised for issue by the Board on 1 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover is rental income from investment property representing sum due from tenants during the relevant year.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Motor vehicles

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bluepearl Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

51,068

4,500

55,568

At 31 March 2024

51,068

4,500

55,568

Depreciation

At 1 April 2023

50,193

4,500

54,693

Charge for the year

500

-

500

At 31 March 2024

50,693

4,500

55,193

Carrying amount

At 31 March 2024

375

-

375

At 31 March 2023

875

-

875

5

Investment properties

2024
£

At 1 April

341,900

Foreign exchange movements

(27,500)

At 31 March

314,400

The fair value of the investment property has been determined by the director on an open market basis and no charge/credit has been included in the profit or loss account for the current or comparative year.

There has been no valuation of investment property by an independent valuer.

 

Bluepearl Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

397

416

 

397

416

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

-

431,625

Accruals and deferred income

1,900

4,550

1,900

436,175

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

419,159

-

8

Related party transactions

Transactions with directors
At the balance sheet date £419,159 (2023 - £431,625) was owed to the director. No interest has been charged in respect of this balance.