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REGISTERED NUMBER: 12078228 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLOW DRY BAR PROPERTY LTD

BLOW DRY BAR PROPERTY LTD (REGISTERED NUMBER: 12078228)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLOW DRY BAR PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss M R Loftus
Ms A Loftus





REGISTERED OFFICE: 76 Windsor Crescent
Northampton
NN5 5AW





REGISTERED NUMBER: 12078228 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

BLOW DRY BAR PROPERTY LTD (REGISTERED NUMBER: 12078228)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,060 4,667
Investment property 5 350,000 350,000
354,060 354,667

CURRENT ASSETS
Debtors 6 772 879
Cash at bank and in hand 2,817 1,380
3,589 2,259
CREDITORS
Amounts falling due within one year 7 110,796 109,102
NET CURRENT LIABILITIES (107,207 ) (106,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,853

247,824

CREDITORS
Amounts falling due after more than one year 8 (181,735 ) (195,071 )

PROVISIONS FOR LIABILITIES (9,828 ) (9,980 )
NET ASSETS 55,290 42,773

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 26,439 26,439
Retained earnings 28,751 16,234
55,290 42,773

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 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.

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 2 December 2024 and were signed on its behalf by:




Ms A Loftus - Director


BLOW DRY BAR PROPERTY LTD (REGISTERED NUMBER: 12078228)

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

1. STATUTORY INFORMATION

Blow Dry Bar Property 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 as modified by the revaluation of certain assets.

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 - 10% 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 6,068
DEPRECIATION
At 1 April 2023 1,401
Charge for year 607
At 31 March 2024 2,008
NET BOOK VALUE
At 31 March 2024 4,060
At 31 March 2023 4,667

BLOW DRY BAR PROPERTY LTD (REGISTERED NUMBER: 12078228)

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 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 35,252
Cost 314,748
350,000

Investment Properties were revalued at the year end by the directors at open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 145
Other debtors 772 734
772 879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,291 12,821
Trade creditors 85 2,586
Taxation and social security 3,043 1,954
Other creditors 94,377 91,741
110,796 109,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 181,735 195,071

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 195,026 207,892

There is a fixed charge over the freehold property held by the company.

BLOW DRY BAR PROPERTY LTD (REGISTERED NUMBER: 12078228)

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

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 26,439

11. RELATED PARTY DISCLOSURES

At the year end the amount owed to the directors was £40,399 (2023 - £39,236). Interest has not been charged on this loan and there are no fixed repayment terms.