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REGISTERED NUMBER: 01475366 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Blackwell Property Company Limited

Blackwell Property Company Limited (Registered number: 01475366)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackwell Property Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J H Djadi-Hallam





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ





REGISTERED NUMBER: 01475366 (England and Wales)

Blackwell Property Company Limited (Registered number: 01475366)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,511 153,936
Investments 5 100 100
Investment property 6 6,670,000 6,670,000
6,823,611 6,824,036

CURRENT ASSETS
Debtors 7 41,148 50,100
Cash at bank 18,907 42,833
60,055 92,933
CREDITORS
Amounts falling due within one year 8 1,112,145 1,304,079
NET CURRENT LIABILITIES (1,052,090 ) (1,211,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,771,521

5,612,890

CREDITORS
Amounts falling due after more than one
year

9

585,774

614,274
NET ASSETS 5,185,747 4,998,616

CAPITAL AND RESERVES
Called up share capital 11 265 265
Revaluation reserve 12 1,484,123 1,484,123
Retained earnings 3,701,359 3,514,228
SHAREHOLDERS' FUNDS 5,185,747 4,998,616

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 director acknowledges his 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.

Blackwell Property Company Limited (Registered number: 01475366)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





J H Djadi-Hallam - Director


Blackwell Property Company Limited (Registered number: 01475366)

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

1. STATUTORY INFORMATION

Blackwell Property Company 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. 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 represents net rental income receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Blackwell Property Company Limited (Registered number: 01475366)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 172,617 4,480 15,410 8,212 200,719
Additions 9,641 1,056 - 103 10,800
At 31 May 2024 182,258 5,536 15,410 8,315 211,519
DEPRECIATION
At 1 June 2023 23,043 1,967 15,410 6,363 46,783
Charge for year 8,728 764 - 1,733 11,225
At 31 May 2024 31,771 2,731 15,410 8,096 58,008
NET BOOK VALUE
At 31 May 2024 150,487 2,805 - 219 153,511
At 31 May 2023 149,574 2,513 - 1,849 153,936

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 6,670,000
NET BOOK VALUE
At 31 May 2024 6,670,000
At 31 May 2023 6,670,000

Blackwell Property Company Limited (Registered number: 01475366)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 1,491,085
Cost 5,178,915
6,670,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,971 24,633
Other debtors 10,864 10,864
Prepayments and accrued income 12,313 14,603
41,148 50,100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,000 57,000
Trade creditors 24,464 24,531
Amounts owed to group undertakings 580,463 578,804
Taxation and social security 97,236 129,880
Other creditors 352,982 513,864
1,112,145 1,304,079

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 585,774 614,274

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 642,774 671,274

The bank loan is secured by a first legal charge over investment properties and a debenture over the assets and undertakings of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
165 Ordinary £1 265 265

Blackwell Property Company Limited (Registered number: 01475366)

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

12. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 1,484,123