Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31true2023-04-01false00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03938016 2023-04-01 2024-03-31 03938016 2022-04-01 2023-03-31 03938016 2024-03-31 03938016 2023-03-31 03938016 c:Director1 2023-04-01 2024-03-31 03938016 d:OfficeEquipment 2023-04-01 2024-03-31 03938016 d:OfficeEquipment 2024-03-31 03938016 d:OfficeEquipment 2023-03-31 03938016 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03938016 d:FreeholdInvestmentProperty 2024-03-31 03938016 d:FreeholdInvestmentProperty 2023-03-31 03938016 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 03938016 d:CurrentFinancialInstruments 2024-03-31 03938016 d:CurrentFinancialInstruments 2023-03-31 03938016 d:Non-currentFinancialInstruments 2024-03-31 03938016 d:Non-currentFinancialInstruments 2023-03-31 03938016 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03938016 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03938016 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03938016 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03938016 d:ShareCapital 2024-03-31 03938016 d:ShareCapital 2023-03-31 03938016 d:InvestmentPropertiesRevaluationReserve 2024-03-31 03938016 d:InvestmentPropertiesRevaluationReserve 2023-03-31 03938016 d:RetainedEarningsAccumulatedLosses 2024-03-31 03938016 d:RetainedEarningsAccumulatedLosses 2023-03-31 03938016 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03938016 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03938016 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 03938016 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 03938016 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03938016 c:OrdinaryShareClass1 2024-03-31 03938016 c:OrdinaryShareClass1 2023-03-31 03938016 c:FRS102 2023-04-01 2024-03-31 03938016 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03938016 c:FullAccounts 2023-04-01 2024-03-31 03938016 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03938016 2 2023-04-01 2024-03-31 03938016 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03938016









BLYTHEWOOD PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BLYTHEWOOD PROPERTIES LIMITED
REGISTERED NUMBER: 03938016

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
206
275

Investment property
 5 
2,150,000
1,997,500

  
2,150,206
1,997,775

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
14,628
13,851

Cash at bank and in hand
  
24,641
64,061

  
39,269
77,912

Creditors: amounts falling due within one year
 7 
(1,562,579)
(1,586,703)

NET CURRENT LIABILITIES
  
 
 
(1,523,310)
 
 
(1,508,791)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
626,896
488,984

Creditors: amounts falling due after more than one year
 8 
(398,202)
(398,148)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(70,087)
(27,907)

NET ASSETS
  
158,607
62,929


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Investment property reserve
  
210,105
83,512

Profit and loss account
  
(51,598)
(20,683)

  
158,607
62,929


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
BLYTHEWOOD PROPERTIES LIMITED
REGISTERED NUMBER: 03938016
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs C T Edwards
Director

Date: 25 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Blythewood Properties Limited is private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises rental revenue recognised by the Company exclusive of Value Added Tax.

Rental income is recognised in relation to the occupation of the properties during the accounting period and it is probable that the income will be receivable from the tenants.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director on an open market value for existing use basis adjusting for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss account.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 April 2023
1,214



At 31 March 2024

1,214



DEPRECIATION


At 1 April 2023
939


Charge for the year on financed assets
69



At 31 March 2024

1,008



NET BOOK VALUE



At 31 March 2024
206



At 31 March 2023
275

Page 6

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 April 2023
1,997,500


Surplus on revaluation
152,500



AT 31 MARCH 2024
2,150,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

REVALUATION RESERVES


At 1 April 2023
83,512
11,369

Net surplus/(deficit) in movement properties
126,593
72,143

AT 31 MARCH 2024
210,105
83,512





6.


DEBTORS

2024
2023
£
£


Trade debtors
924
-

Other debtors
300
300

Prepayments and accrued income
13,404
13,551

14,628
13,851


Page 7

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
-
219

Other creditors
1,558,499
1,579,927

Accruals and deferred income
4,080
6,557

1,562,579
1,586,703



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
398,202
398,148


The bank loan is secured by a fixed charge over the Company's freehold investment property. The loan is interest only and held with Keystone Property Finance and is due for repayment in November 2032.


9.


DEFERRED TAXATION




2024


£






At beginning of year
27,907


Charged to profit or loss
42,180



AT END OF YEAR
70,087

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
52
70

Unrealised investment property gains
70,035
27,837

70,087
27,907

Page 8

 
BLYTHEWOOD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9