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BLH Estates Limited

Financial Statements for the Year Ended 31 May 2024






BLH Estates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J T Black
M L Litchfield
A J Litchfield
G Hughes





REGISTERED OFFICE: 59 Foreland Road
Whitchurch
Cardiff
CF14 7AS





REGISTERED NUMBER: 08530162 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BLH Estates Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BLH Estates Limited for the year ended 31 May 2024 which comprise the Profit & Loss Account, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BLH Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BLH Estates Limited and state those matters that we have agreed to state to the Board of Directors of BLH Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLH Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BLH Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BLH Estates Limited. You consider that BLH Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BLH Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


27 February 2025

BLH Estates Limited (Registered number: 08530162)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 3 1,070,000 1,070,000

CURRENT ASSETS
Debtors 4 766 637
Cash at bank 45,743 43,115
46,509 43,752
CREDITORS
Amounts falling due within one year 5 14,388 13,143
NET CURRENT ASSETS 32,121 30,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102,121

1,100,609

CREDITORS
Amounts falling due after more than
one year

6

(509,044

)

(519,721

)

PROVISIONS FOR LIABILITIES (58,300 ) (58,300 )
NET ASSETS 534,777 522,588

CAPITAL AND RESERVES
Called up share capital 189,400 189,400
Revaluation reserve 277,672 277,672
Retained earnings 67,705 55,516
SHAREHOLDERS' FUNDS 534,777 522,588

BLH Estates Limited (Registered number: 08530162)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





G Hughes - Director


BLH Estates Limited (Registered number: 08530162)

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


1. 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 Profit & 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BLH Estates Limited (Registered number: 08530162)

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


3. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,070,000
NET BOOK VALUE
At 31 May 2024 1,070,000
At 31 May 2023 1,070,000

Fair value at 31 May 2024 is represented by:
£
Valuation in 2022 335,972
Cost 734,028
1,070,000

The property portfolio was valued on an approximate open market value by the directors as at 31st March 2024.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors & prepayments 766 637

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,630 10,118
Taxes & social security costs 2,859 2,180
Other creditors & accruals 899 845
14,388 13,143

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans 509,044 519,721

BLH Estates Limited (Registered number: 08530162)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 519,674 529,839

The bank loans are secured over the properties they relate to.