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REGISTERED NUMBER: 09905992 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LITTLE BLUE DOOR PROPERTIES LTD

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

LITTLE BLUE DOOR PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Allison





REGISTERED OFFICE: The Laurels
Manchester Road
Sway
Lymington
Hampshire
SO41 6AS





REGISTERED NUMBER: 09905992 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,360 2,461
Investment property 5 1,142,549 1,142,549
1,144,909 1,145,010

CURRENT ASSETS
Cash at bank and in hand 15,847 11,848

CREDITORS
Amounts falling due within one year 6 723,912 737,135
NET CURRENT LIABILITIES (708,065 ) (725,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,844

419,723

CREDITORS
Amounts falling due after more than one
year

7

(299,431

)

(299,431

)

PROVISIONS FOR LIABILITIES 10 (590 ) (615 )
NET ASSETS 136,823 119,677

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 136,822 119,676
SHAREHOLDERS' FUNDS 136,823 119,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 24 July 2024 and were signed by:





R Allison - Director


LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Little Blue Door 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.

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.

The financial statements are prepared on the going concern basis as its director has indicated that he will continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 9,903
Additions 1,123
At 31 March 2024 11,026
DEPRECIATION
At 1 April 2023 7,442
Charge for year 1,224
At 31 March 2024 8,666
NET BOOK VALUE
At 31 March 2024 2,360
At 31 March 2023 2,461

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,142,549
NET BOOK VALUE
At 31 March 2024 1,142,549
At 31 March 2023 1,142,549

The director considers that the value of the investment property is fairly stated as at 31st March 2024.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,040 7,134
Social security and other taxes - 1,390
VAT 3,324 3,324
Directors' current accounts 715,588 724,087
Accruals and deferred income 960 1,200
723,912 737,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans (see note 8) 299,431 299,431

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 299,431 299,431

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 299,431 299,431

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loan - mortgage 299,431 299,431

The loans are secured on the investment properties and are repayable in 2031.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 590 615

Deferred
tax
£   
Balance at 1 April 2023 615
Provided during year (25 )
Balance at 31 March 2024 590

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

LITTLE BLUE DOOR PROPERTIES LTD (REGISTERED NUMBER: 09905992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. RESERVES
Retained
earnings
£   

At 1 April 2023 119,676
Profit for the year 17,146
At 31 March 2024 136,822

13. RELATED PARTY DISCLOSURES

The director has made an interest free loan to the company of £715,588 (2023 - £724,087). This amount is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LITTLE BLUE DOOR PROPERTIES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Little Blue Door Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Little Blue Door Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Little Blue Door Properties Ltd and state those matters that we have agreed to state to the director of Little Blue Door Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Little Blue Door Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Little Blue Door Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Little Blue Door Properties Ltd. You consider that Little Blue Door Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Little Blue Door Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


24 July 2024