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REGISTERED NUMBER: 14060763 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BLUES PROPERTY WARKWORTH LIMITED

BLUES PROPERTY WARKWORTH LIMITED (REGISTERED NUMBER: 14060763)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUES PROPERTY WARKWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: I Purkiss
W Lawson
R W Dring
G Smith





REGISTERED OFFICE: 98c Hartington Grove
Cambridge
Cambridgeshire
CB1 7UB





REGISTERED NUMBER: 14060763 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BLUES PROPERTY WARKWORTH LIMITED (REGISTERED NUMBER: 14060763)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,919,499 2,325,946
Debtors 5 13,327 11,170
Cash at bank 54 1,832
2,932,880 2,338,948
CREDITORS
Amounts falling due within one year 6 (350,346 ) (379,911 )
NET CURRENT ASSETS 2,582,534 1,959,037
TOTAL ASSETS LESS CURRENT LIABILITIES 2,582,534 1,959,037

CREDITORS
Amounts falling due after more than one
year

7

(2,286,200

)

(1,657,037

)
NET ASSETS 296,334 302,000

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 474,850 474,850
Retained earnings (179,516 ) (173,850 )
SHAREHOLDERS' FUNDS 296,334 302,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BLUES PROPERTY WARKWORTH LIMITED (REGISTERED NUMBER: 14060763)

BALANCE SHEET - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





I Purkiss - Director


BLUES PROPERTY WARKWORTH LIMITED (REGISTERED NUMBER: 14060763)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Blues Property Warkworth Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

Stock comprises land and development properties, work in progress, and completed properties held for sale.

Land and development properties include properties acquired for development and resale, with cost comprising the purchase price, directly attributable acquisition costs, development costs incurred to date, and borrowing costs where applicable.

Work in progress includes properties under construction, with cost including construction costs, direct labour, attributable overheads, and borrowing costs directly attributable to the construction of the asset.

Completed properties held for sale include properties completed but unsold at the year-end, which are stated at the lower of cost and net realisable value.

Borrowing costs that are directly attributable to the acquisition, construction, or production of qualifying assets are capitalised as part of the cost of those assets. Capitalisation of borrowing costs commences when expenditure on the asset and borrowing costs are being incurred, and activities necessary to prepare the asset for its intended use or sale are in progress. Capitalisation ceases when substantially all the activities necessary to prepare the asset for its intended use or sale are complete. All other borrowing costs are recognised as an expense in the period in which they are incurred.

Net realisable value is based on the estimated selling price in the ordinary course of business less further costs expected to complete and sell the property. The carrying amount of stock is reviewed at each reporting date for indications of impairment. If such indications exist, an impairment loss is recognised in the profit and loss account.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

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

BLUES PROPERTY WARKWORTH LIMITED (REGISTERED NUMBER: 14060763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,327 11,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,826 77,114
Amounts owed to group undertakings 289,986 302,797
Other creditors 57,534 -
350,346 379,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,286,200 1,657,037

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 2,286,200 1,657,037

The bank loan in other creditors is secured by a fixed and floating charge over the property in development.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
850 Ordianry A £1 850 850
100 Ordinary B £1 100 100
50 Ordinary C £1 50 50
1,000 1,000