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REGISTERED NUMBER: SC213092 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Blossom Investments Limited

Blossom Investments Limited (Registered number: SC213092)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Blossom Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Milton
Mrs L Milton





SECRETARY: Mrs L Milton





REGISTERED OFFICE: Suite 1.1
234 West George Street
Glasgow
G2 4QY





REGISTERED NUMBER: SC213092 (Scotland)





ACCOUNTANTS: McDougall Johnstone Limited
280a St Vincent Street
Glasgow
G2 5RL

Blossom Investments Limited (Registered number: SC213092)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 347 1,077
Investment property 5 9,430,000 9,430,000
9,430,347 9,431,077

CURRENT ASSETS
Debtors 6 683,771 652,235
Cash at bank 1,410,318 1,291,826
2,094,089 1,944,061
CREDITORS
Amounts falling due within one year (528,949 ) (483,913 )
NET CURRENT ASSETS 1,565,140 1,460,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,995,487

10,891,225

CREDITORS
Amounts falling due after more than one year (3,225,793 ) (3,571,827 )
NET ASSETS 7,769,694 7,319,398

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7,768,694 7,318,398
SHAREHOLDERS' FUNDS 7,769,694 7,319,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Blossom Investments Limited (Registered number: SC213092)

Abridged Balance Sheet - continued
30 June 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 30 June 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





D Milton - Director


Blossom Investments Limited (Registered number: SC213092)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Blossom Investments 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 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" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are completed properties which are held for their investment potential. They are stated
at their open market value based on valuations by the independent valuers. Any surplus or deficit arising on the revaluation of investment properties is credited or charged to the investment property fair value reserve unless the balance of this reserve is insufficient to cover a deficit, on a portfolio basis, in which case the excess of the deficit over the balance of the investment property fair value reserve is charged to the profit and loss account. Where a deficit has previously been charged to the profit and loss account and a revaluation surplus subsequently arises, this surplus is credited to the profit and loss account to the extent of the deficit previously charged.

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.

True and fair view override
The company has made a departure from the Companies Act 2006 requirement to depreciate fixed assets. In order to give a true and fair view the company follows accounting standards and values investment properties at open market value and does not depreciate them. This is required for the accounts to show a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Blossom Investments Limited (Registered number: SC213092)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 93,269
DEPRECIATION
At 1 July 2023 92,192
Charge for year 730
At 30 June 2024 92,922
NET BOOK VALUE
At 30 June 2024 347
At 30 June 2023 1,077

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 9,430,000
NET BOOK VALUE
At 30 June 2024 9,430,000
At 30 June 2023 9,430,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2008 901,652
Valuation in 2009 (1,711,900 )
Valuation in 2010 227,900
Valuation in 2011 (127,000 )
Valuation in 2012 17,000
Valuation in 2014 (30,000 )
Valuation in 2015 278,000
Valuation in 2018 335,000
Valuation in 2022 31,278
Valuation in 2023 (571,278 )
Cost 10,079,348
9,430,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 10,079,348 10,079,348

Investment properties were valued on an open market value basis on 28 April 2023 by Jones Lang LaSalle .

Blossom Investments Limited (Registered number: SC213092)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 425,000 425,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,780,000 2,980,000

The company has granted securities over several of its properties in favour of Handelsbanken.

8. RELATED PARTY DISCLOSURES

A loan of £425,000 was made to Standard Real Estate (Giffnock) Limited at the year ended 30 June 2019. The balance outstanding at the end of the year was £425,000 (2023 £425,000). The Director, Douglas Milton, is a shareholder in Standard Real Estate (Giffnock) Limited.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors.