Registered number
12159305
Blue Mountain Properties Southern Limited
Unaudited Filleted Accounts
31 March 2024
Blue Mountain Properties Southern Limited
Registered number: 12159305
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 1,602,523 1,559,905
Current assets
Cash at bank and in hand 7,177 11,137
Creditors: amounts falling due within one year 3 (129,868) (114,950)
Net current liabilities (122,691) (103,813)
Total assets less current liabilities 1,479,832 1,456,092
Creditors: amounts falling due after more than one year 4 (414,485) (472,325)
Net assets 1,065,347 983,767
Capital and reserves
Called up share capital 100 100
Investment from parent company 5 1,129,812 1,008,562
Profit and loss account (64,565) (24,895)
Shareholder's funds 1,065,347 983,767
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 member has 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 been delivered to the Registrar of Companies.
Mr P K Manaktala
Director
Approved by the board on 26 November 2024
Blue Mountain Properties Southern Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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" 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 represents income for services provided in the period, recognised according to the period of services provided.
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:
Commercial Premises 4% reducing balance basis
Equipment, fixtures and fittings 20% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Employees 2024 2023
Number Number
Average number of employees 0 0
2 Tangible fixed assets
Premises costs Equipment, fixtures and fittings Total
£ £ £
Cost
At 1 April 2023 1,522,994 81,540 1,604,534
Improvements 50,000 - 50,000
At 31 March 2024 1,572,994 81,540 1,654,534
Depreciation
At 1 April 2023 - 44,629 44,629
Charge for the year - 7,382 7,382
At 31 March 2024 - 52,011 52,011
Net book value
At 31 March 2024 1,572,994 29,529 1,602,523
At 31 March 2023 1,522,994 36,911 1,559,905
The property situated at 6 Fergusson Mews, Off Jeffereys Road, Stockwell, London SW4 6BF
was acquired on the 16 October 2019. The directors are of the opinion that the market value of
the property is £ 1,300,000 according to market research sites.
3 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' current account 8,475 8,475
Bank loans 85,264 70,346
Related party balance - Blue Mountain Properties Ltd 36,129 36,129
129,868 114,950
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 414,485 472,325
5 Investment from parent company 2024 2023
£ £
The company is owed wholly by Blue Mountain Homes Ltd.
Investment in Blue Mountain Properties Southern Limited 1,129,812 1,008,562
5 Controlling party
The company is controlled by Blue Mountain Homes Ltd.
6 Other information
Blue Mountain Properties Southern Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 20-21 Pullman Busines scourt
Mallard Way
Pride Park
Derby
DE24 8GX
Blue Mountain Properties Southern Limited 12159305 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Mr P K Manaktala No description of principal activity 12159305 core:WithinOneYear 2023-03-31 12159305 core:AfterOneYear 2023-03-31 12159305 core:ShareCapital 2023-03-31 12159305 core:RetainedEarningsAccumulatedLosses 2023-03-31 12159305 2023-04-01 2024-03-31 12159305 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12159305 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12159305 bus:Director40 2023-04-01 2024-03-31 12159305 1 2023-04-01 2024-03-31 12159305 2 2023-04-01 2024-03-31 12159305 core:LandBuildings 2023-04-01 2024-03-31 12159305 core:PlantMachinery 2023-04-01 2024-03-31 12159305 countries:England 2023-04-01 2024-03-31 12159305 bus:FRS102 2023-04-01 2024-03-31 12159305 bus:FilletedAccounts 2023-04-01 2024-03-31 12159305 2024-03-31 12159305 core:WithinOneYear 2024-03-31 12159305 core:AfterOneYear 2024-03-31 12159305 core:ShareCapital 2024-03-31 12159305 core:RetainedEarningsAccumulatedLosses 2024-03-31 12159305 core:LandBuildings 2024-03-31 12159305 core:PlantMachinery 2024-03-31 12159305 2023-03-31 12159305 core:LandBuildings 2023-03-31 12159305 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure