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REGISTERED NUMBER: 01128306 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLUEHAVEN ESTATES LIMITED

BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUEHAVEN ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr I Gluck
Mr C Gluck





SECRETARIES: Mr C Gluck
Mrs H Gluck





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 01128306 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,300,603 4,300,805

CURRENT ASSETS
Debtors 6 146,720 72,341
Investments 7 827 1,041
Cash at bank 128,464 211,377
276,011 284,759
CREDITORS
Amounts falling due within one year 8 (138,187 ) (153,381 )
NET CURRENT ASSETS 137,824 131,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,438,427

4,432,183

PROVISIONS FOR LIABILITIES 9 (857,000 ) (857,000 )
NET ASSETS 3,581,427 3,575,183

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,581,425 3,575,181
SHAREHOLDERS' FUNDS 3,581,427 3,575,183

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

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

BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

BALANCE SHEET - continued
31 MARCH 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 26 March 2025 and were signed on its behalf by:





Mr C Gluck - Director


BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bluehaven Estates 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.

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 except that investment properties are measured at fair value.

Judgements and key sources of estimation uncertainty
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment properties are valued by the directors. The valuation of the company's properties is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.


BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Fixture and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

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.

Investments
Investments in quoted companies are measured at fair value with changes in fair value recognised in profit or loss.

Gift aid payments to parent charity
The company pays its taxable profits for the reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings. Gift aid payments are recognised in the reporting period that the payments are made. The final gift aid payment is planned to be made within nine months of the end of the reporting date.

4. EMPLOYEES AND DIRECTORS

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

BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 4,300,000 37,759 1,139 4,338,898
DEPRECIATION
At 1 April 2023 - 37,018 1,075 38,093
Charge for year - 186 16 202
At 31 March 2024 - 37,204 1,091 38,295
NET BOOK VALUE
At 31 March 2024 4,300,000 555 48 4,300,603
At 31 March 2023 4,300,000 741 64 4,300,805

The directors are of the opinion that £4,300,000 represents the open market value of the company's investment properties at 31 March 2024. The historical cost of the properties is £330,958 (2023: £330,958).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 146,720 72,341

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 827 1,041

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,756 2,220
Other creditors 136,431 151,161
138,187 153,381

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 857,000 857,000

BLUEHAVEN ESTATES LIMITED (REGISTERED NUMBER: 01128306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 857,000
Balance at 31 March 2024 857,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

10. RELATED PARTY DISCLOSURES

Other debtors include amounts of £84,793 (2023: £19,414) due from companies which have directors in common with the company.

No transactions with related parties, other than those disclosed above, were undertaken such as are required to be disclosed under FRS102.