Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue2023-01-01The principal activity of the company is that of managing buying to let residential and commercial properties.35falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11739435 2023-01-01 2023-12-31 11739435 2022-01-01 2022-12-31 11739435 2023-12-31 11739435 2022-12-31 11739435 c:Director2 2023-01-01 2023-12-31 11739435 d:ComputerEquipment 2023-01-01 2023-12-31 11739435 d:ComputerEquipment 2023-12-31 11739435 d:ComputerEquipment 2022-12-31 11739435 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11739435 d:ComputerSoftware 2023-12-31 11739435 d:ComputerSoftware 2022-12-31 11739435 d:CurrentFinancialInstruments 2023-12-31 11739435 d:CurrentFinancialInstruments 2022-12-31 11739435 d:Non-currentFinancialInstruments 2023-12-31 11739435 d:Non-currentFinancialInstruments 2022-12-31 11739435 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11739435 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11739435 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11739435 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11739435 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11739435 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11739435 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11739435 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11739435 d:ShareCapital 2023-12-31 11739435 d:ShareCapital 2022-12-31 11739435 d:RevaluationReserve 2023-12-31 11739435 d:RevaluationReserve 2022-12-31 11739435 d:RetainedEarningsAccumulatedLosses 2023-12-31 11739435 d:RetainedEarningsAccumulatedLosses 2022-12-31 11739435 c:FRS102 2023-01-01 2023-12-31 11739435 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11739435 c:FullAccounts 2023-01-01 2023-12-31 11739435 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11739435 5 2023-01-01 2023-12-31 11739435 6 2023-01-01 2023-12-31 11739435 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11739435 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11739435









BLOOMSBURY PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 11739435

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
440
550

Tangible assets
 5 
1,051
776

Investments
  
4,281
-

  
5,772
1,326

Current assets
  

Debtors: amounts falling due within one year
 7 
215,782
155,607

Cash at bank and in hand
 8 
45,559
28,539

  
261,341
184,146

Creditors: amounts falling due within one year
 9 
(281,695)
(317,495)

Net current liabilities
  
 
 
(20,354)
 
 
(133,349)

Total assets less current liabilities
  
(14,582)
(132,023)

Creditors: amounts falling due after more than one year
 10 
(15,661)
(23,379)

  

Net liabilities
  
(30,243)
(155,402)


Capital and reserves
  

Called up share capital 
  
23
23

Other reserve
  
(719)
-

Profit and loss account
  
(29,547)
(155,425)

  
(30,243)
(155,402)


Page 1

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 11739435
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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




Raymond Cornwell
Director

Date: 10 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bloomsbury Property Holding Limited is a private company, limited by shares and registered in England and Wales (registration number 11739435). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors confirm that they will continue to support the company for at least the next 12 months and therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 5).

Page 5

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
990



At 31 December 2023

990



Amortisation


At 1 January 2023
440


Charge for the year on owned assets
110



At 31 December 2023

550



Net book value



At 31 December 2023
440



At 31 December 2022
550



Page 6

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
22,839


Additions
790



At 31 December 2023

23,629



Depreciation


At 1 January 2023
22,063


Charge for the year on owned assets
515



At 31 December 2023

22,578



Net book value



At 31 December 2023
1,051



At 31 December 2022
776


6.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
5,000


Revaluations
(719)



At 31 December 2023
4,281




Page 7

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,331
188

Other debtors
212,082
155,419

Prepayments and accrued income
2,369
-

215,782
155,607



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
45,559
28,539

Less: bank overdrafts
(52)
(52)

45,507
28,487



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
52
52

Bank loans
10,119
10,648

Trade creditors
11,135
11,393

Other taxation and social security
63,373
85,635

Other creditors
194,516
207,267

Accruals and deferred income
2,500
2,500

281,695
317,495



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,661
23,379

15,661
23,379


Page 8

 
BLOOMSBURY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,119
10,648


10,119
10,648

Amounts falling due 1-2 years

Bank loans
10,375
10,648


10,375
10,648

Amounts falling due 2-5 years

Bank loans
5,286
12,731


5,286
12,731


25,780
34,027


 
Page 9