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REGISTERED NUMBER: 12780029 (England and Wales)

















Blue Chilli Property Ltd

Financial Statements for the Year Ended 31 July 2024






Blue Chilli Property Ltd (Registered number: 12780029)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Chilli Property Ltd

Company Information
for the year ended 31 July 2024







DIRECTOR: Mr D W Salter





REGISTERED OFFICE: 53 Hawthorne Road
Stapleford
Cambridge
CB22 5DU





REGISTERED NUMBER: 12780029 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Blue Chilli Property Ltd (Registered number: 12780029)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Cash at bank 507 2,288

CREDITORS
Amounts falling due within one year 5 28,572 31,941
NET CURRENT LIABILITIES (28,065 ) (29,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,935

120,347

CREDITORS
Amounts falling due after more than one
year

6

(105,600

)

(105,600

)

PROVISIONS FOR LIABILITIES (2,719 ) (2,719 )
NET ASSETS 13,616 12,028

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 14,309 14,309
Retained earnings (694 ) (2,282 )
SHAREHOLDERS' FUNDS 13,616 12,028

Blue Chilli Property Ltd (Registered number: 12780029)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





Mr D W Salter - Director


Blue Chilli Property Ltd (Registered number: 12780029)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Blue Chilli 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.

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 represents the value of rents receivable.

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 Profit and Loss Account, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 150,000
NET BOOK VALUE
At 31 July 2024 150,000
At 31 July 2023 150,000

Blue Chilli Property Ltd (Registered number: 12780029)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 14,309
Cost 135,691
150,000

If the property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 135,691 135,691

Investment property was valued on an open market basis on 31 July 2024 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 25,875 -
Receipts in advance - 640
Tax 475 102
Directors' current accounts 1,499 29,999
Accruals 723 1,200
28,572 31,941

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 105,600 105,600

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 105,600 105,600

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 105,600 105,600

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 14,309