BL Capital Limited Filleted Accounts Cover
BL Capital Limited
Company No. 10669487
Information for Filing with The Registrar
29 February 2024
BL Capital Limited Balance Sheet Registrar
at
29 February 2024
Company No.
10669487
Notes
2024
2023
£
£
Fixed assets
Investment property
4
910,000900,000
910,000900,000
Current assets
Cash at bank and in hand
164,480265,179
164,480265,179
Creditors: Amount falling due within one year
5
(147,605)
(234,503)
Net current assets
16,87530,676
Total assets less current liabilities
926,875930,676
Creditors: Amounts falling due after more than one year
6
(31,585)
(36,310)
Provisions for liabilities
Deferred taxation
7
(99,375)
(99,375)
Net assets
795,915794,991
Capital and reserves
Called up share capital
1,0001,000
Revaluation reserve
8
523,027523,027
Profit and loss account
8
271,888270,964
Total equity
795,915794,991
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 February 2024
And signed on its behalf by:
V. Gandesha
Director
28 February 2024
BL Capital Limited Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
Its registered number is: 10669487
Its registered office is:
Suite 7 Regency House
Station Road
Harold Wood
Essex
RM3 0BP
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 March 2023
900,000
Additions
10,000
At 29 February 2024
910,000
5
Creditors amounts falling due within one year:
2024
2023
£
£
Bank loans and overdrafts
121,169122,664
Other loans
-68,600
Corporation tax
21727,178
Other taxes and social security
1,180-
Loans from directors
14,39714,861
Other creditors
10,000-
Accruals and deferred income
6421,200
147,605234,503
6
Creditors amounts falling due after more than one year:
2024
2023
£
£
Bank loans and overdrafts
31,58536,310
31,58536,310
7
Provisions for liabilities
Deferred taxation
Accelerated Capital Allowances, Losses and Other Timing Differences
Total
£
£
At 1 March 2023
99,375
99,375
At 29 February 2024
99,375
99,375
2024
2023
£
£
Revaluation of land and buildings
99,37599,375
99,37599,375
8
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 March 2022
523,027
523,027
At 28 February 2023 and 1 March 2023
523,027
523,027
At 29 February 2024
523,027523,027
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
At the balance sheet date £14,397 was owed to the director by the company.
Controlling party
Immediate controlling party
No single party controls the company
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