Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2true2023-04-01falseNo description of principal activity2false 13636786 2023-04-01 2024-03-31 13636786 2022-04-01 2023-03-31 13636786 2024-03-31 13636786 2023-03-31 13636786 c:Director1 2023-04-01 2024-03-31 13636786 d:CurrentFinancialInstruments 2024-03-31 13636786 d:CurrentFinancialInstruments 2023-03-31 13636786 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13636786 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13636786 d:ShareCapital 2024-03-31 13636786 d:ShareCapital 2023-03-31 13636786 d:RetainedEarningsAccumulatedLosses 2024-03-31 13636786 d:RetainedEarningsAccumulatedLosses 2023-03-31 13636786 c:FRS102 2023-04-01 2024-03-31 13636786 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13636786 c:FullAccounts 2023-04-01 2024-03-31 13636786 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13636786 6 2023-04-01 2024-03-31 13636786 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13636786









BL PROPERTY DEVELOPMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
BL PROPERTY DEVELOPMENT LTD
REGISTERED NUMBER: 13636786

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,728,414
1,728,414

  
1,728,414
1,728,414

Current assets
  

Debtors: amounts falling due within one year
 5 
896,586
896,586

  
896,586
896,586

Creditors: amounts falling due within one year
 6 
(2,643,958)
(2,643,178)

Net current liabilities
  
 
 
(1,747,372)
 
 
(1,746,592)

Total assets less current liabilities
  
(18,958)
(18,178)

  

Net liabilities
  
(18,958)
(18,178)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(18,960)
(18,180)

  
(18,958)
(18,178)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.



 
Page 1

 
BL PROPERTY DEVELOPMENT LTD
REGISTERED NUMBER: 13636786
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
B R Lindley
Director
Date: 27 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BL PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of BL Property Development Limited is that of development of building projects.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is Stonecross, Trumpington High Street, Cambridge, CB2 9SU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider that the
company has sufficient liquid assets to meet its liabilities as and when they fall due and that the
company has the backing of the shareholders which is forecast to continue for the next 12
months and beyond. Accordingly, the directors consider that it is appropriate to prepare the
accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
BL PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Page 4

 
BL PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,728,414



At 31 March 2024
1,728,414





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
607,114
430,951

Other debtors
289,472
465,635

896,586
896,586



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2,643,178
2,642,578

Accruals and deferred income
780
600

2,643,958
2,643,178



7.


Related party transactions

The Company purchased shares of Lanecare Limited in November 2021 and is now the ultimate controlling entity. The amount owed from the subsidiary company at the period end is £607,114 (2023: £430,951).

 
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