IRIS Accounts Production v24.1.0.578 11508463 Board of Directors 1.9.22 30.8.23 30.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115084632022-08-31115084632023-08-30115084632022-09-012023-08-30115084632021-08-31115084632021-09-012022-08-31115084632022-08-3111508463ns15:EnglandWales2022-09-012023-08-3011508463ns14:PoundSterling2022-09-012023-08-3011508463ns10:Director12022-09-012023-08-3011508463ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3011508463ns10:SmallEntities2022-09-012023-08-3011508463ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3011508463ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3011508463ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3011508463ns10:FullAccounts2022-09-012023-08-3011508463ns10:OrdinaryShareClass12022-09-012023-08-3011508463ns10:Director22022-09-012023-08-3011508463ns10:RegisteredOffice2022-09-012023-08-3011508463ns5:CurrentFinancialInstruments2023-08-3011508463ns5:CurrentFinancialInstruments2022-08-3111508463ns5:Non-currentFinancialInstruments2023-08-3011508463ns5:Non-currentFinancialInstruments2022-08-3111508463ns5:ShareCapital2023-08-3011508463ns5:ShareCapital2022-08-3111508463ns5:SharePremium2023-08-3011508463ns5:SharePremium2022-08-3111508463ns5:RetainedEarningsAccumulatedLosses2023-08-3011508463ns5:RetainedEarningsAccumulatedLosses2022-08-3111508463ns5:PlantMachinery2022-09-012023-08-3011508463ns5:PlantMachinery2022-08-3111508463ns5:PlantMachinery2023-08-3011508463ns5:PlantMachinery2022-08-3111508463ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3011508463ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3111508463ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3011508463ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-3111508463ns10:OrdinaryShareClass12023-08-30
REGISTERED NUMBER: 11508463 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 30 AUGUST 2023

FOR

BLUE SPIRE PROPERTIES LTD

BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BLUE SPIRE PROPERTIES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023







DIRECTORS: Mr I D Harper
Mrs M T Harper





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 11508463 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

STATEMENT OF FINANCIAL POSITION
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,164 55,062
Investment property 5 1,199,900 1,199,900
1,296,064 1,254,962

CURRENT ASSETS
Debtors 6 16,913 10,211
Cash at bank 86,779 118,862
103,692 129,073
CREDITORS
Amounts falling due within one year 7 14,999 3,033
NET CURRENT ASSETS 88,693 126,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,384,757

1,381,002

CREDITORS
Amounts falling due after more than one
year

8

841,391

841,391
NET ASSETS 543,366 539,611

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 576,395 576,395
Retained earnings (33,229 ) (36,984 )
SHAREHOLDERS' FUNDS 543,366 539,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2023 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.

BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

STATEMENT OF FINANCIAL POSITION - continued
30 AUGUST 2023


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

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 29 November 2024 and were signed on its behalf by:





Mrs M T Harper - Director


BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


1. STATUTORY INFORMATION

Blue Spire Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.

TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises revenue recognised by the company in respect of rent and services charges receivable.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

TAXATION
Taxation for the period 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 September 2022 87,500
Additions 112,500
Disposals (87,500 )
At 30 August 2023 112,500
Depreciation
At 1 September 2022 32,438
Charge for period 16,336
Eliminated on disposal (32,438 )
At 30 August 2023 16,336
Net book value
At 30 August 2023 96,164
At 31 August 2022 55,062

5. INVESTMENT PROPERTY
Total
£   
Cost
At 1 September 2022
and 30 August 2023 1,199,900
Net book value
At 30 August 2023 1,199,900
At 31 August 2022 1,199,900

The period end investment properties valuation was made by the directors, on an open market value using current market data for similar properties in the same area. The directors believe that there has been no significant change in the value of the property during the accounting period.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 16,913 10,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 4,438 -
Other creditors 10,561 3,033
14,999 3,033

BLUE SPIRE PROPERTIES LTD (REGISTERED NUMBER: 11508463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 30 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 841,391 841,391

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 841,391 841,391

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200