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REGISTERED NUMBER: 09045072 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

B L Asset Management Limited

B L Asset Management Limited (Registered number: 09045072)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


B L Asset Management Limited (Registered number: 09045072)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 920,000 870,000

CURRENT ASSETS
Cash at bank 19 19

CREDITORS
Amounts falling due within one year 5 148,746 156,912
NET CURRENT LIABILITIES (148,727 ) (156,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,273

713,107

PROVISIONS FOR LIABILITIES 72,927 42,799
NET ASSETS 698,346 670,308

CAPITAL AND RESERVES
Called up share capital 200 200
Non-distributable reserve 310,898 182,464
Retained earnings 387,248 487,644
698,346 670,308

B L Asset Management Limited (Registered number: 09045072)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 January 2025 and were signed on its behalf by:





K A Thornburrow - Director


B L Asset Management Limited (Registered number: 09045072)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

B L Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09045072

Registered office: Lowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

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.

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 870,000
Revaluations 50,000
At 31 October 2024 920,000
NET BOOK VALUE
At 31 October 2024 920,000
At 31 October 2023 870,000

B L Asset Management Limited (Registered number: 09045072)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2015 536,175
Valuation in 2018 146,805
Valuation in 2020 78,458
Valuation in 2021 108,562
Valuation in 2024 50,000
920,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 536,175 536,175

The investment properties were valued on an open market basis on 31 October 2021 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 1,930 994
Trade creditors 2,725 410
Taxation and social security 2,406 2,014
Other creditors 141,685 153,494
148,746 156,912