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COMPANY REGISTRATION NUMBER: 05619271
Blue View Properties Limited
Filleted Unaudited Financial Statements
31 May 2024
Blue View Properties Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Blue View Properties Limited
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Blue View Properties Limited
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue View Properties Limited for the year ended 31 May 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
19 February 2025
Blue View Properties Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Stocks
22,904
22,904
Debtors
5
2,263,196
2,270,742
Cash at bank and in hand
2,557
1,651
------------
------------
2,288,657
2,295,297
Creditors: amounts falling due within one year
6
195,376
153,450
------------
------------
Net current assets
2,093,281
2,141,847
------------
------------
Total assets less current liabilities
2,093,281
2,141,847
------------
------------
Net assets
2,093,281
2,141,847
------------
------------
Capital and reserves
Called up share capital
100
100
Capital redemption reserve
1
1
Profit and loss account
2,093,180
2,141,746
------------
------------
Shareholders funds
2,093,281
2,141,847
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blue View Properties Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mr C G Tull
Director
Company registration number: 05619271
Blue View Properties Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Box House, Bath Road, Box, Corsham, Wiltshire, SN13 8AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Work in progress represents the company's interest in land and buildings held for development purposes and resale, and is stated at the lower of cost and net realisable value. Cost represents the purchase price and related acquisition costs of land and buildings, plus site development costs, including construction costs and professional costs, incurred in either improving or protecting the land and buildings or in advancing planning applications for future development.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Interest free loans made by the company, that are repayable on demand, are initially measured at cost. They are then reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, a bad debt is recognised in the profit or loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
3,052
Other debtors
2,260,144
2,270,742
------------
------------
2,263,196
2,270,742
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,871
15,898
Corporation tax
44
25,040
Social security and other taxes
7,585
Other creditors
178,876
112,512
---------
---------
195,376
153,450
---------
---------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C G Tull
( 42,012)
( 45,000)
45,806
( 41,206)
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C G Tull
( 41,861)
( 45,000)
44,849
( 42,012)
--------
--------
--------
--------
This loan is interest free and repayable on demand.