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REGISTERED NUMBER: 03238163 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BLETSOE LIMITED

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLETSOE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S C Campion
Mrs J B Campion





SECRETARY: Mrs J B Campion





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 03238163 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 715,000 760,000
715,000 760,000

CURRENT ASSETS
Debtors 6 2,549 1,318
Cash at bank 7,561 2,019
10,110 3,337
CREDITORS
Amounts falling due within one year 7 12,336 9,255
NET CURRENT LIABILITIES (2,226 ) (5,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,774

754,082

CREDITORS
Amounts falling due after more than one
year

8

-

(7,011

)

PROVISIONS FOR LIABILITIES (68,600 ) (79,800 )
NET ASSETS 644,174 667,271

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 357,482 391,282
Retained earnings 11 285,692 274,989
SHAREHOLDERS' FUNDS 644,174 667,271

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

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

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mrs J B Campion - Director


BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

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

1. STATUTORY INFORMATION

Bletsoe 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

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.

Investment properties
Investment properties are valued each year by the directors and therefore no depreciation is provided.

3. EMPLOYEES AND DIRECTORS

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

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 5,396
DEPRECIATION
At 1 September 2023
and 31 August 2024 5,396
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 760,000
Revaluations (45,000 )
At 31 August 2024 715,000
NET BOOK VALUE
At 31 August 2024 715,000
At 31 August 2023 760,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 715,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 317,797 317,797

Investment properties were valued on an open market basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Directors' current accounts 2,549 1,318

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans 6,866 2,572
Corporation tax 3,568 4,626
Social security and other taxes 512 750
Other creditors 1,390 1,307
12,336 9,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other loans - 7,011

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Other loans 6,866 9,583

To secure the loan facility for the company the banks have a fixed charge over the properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 274,989 391,282 666,271
Deficit for the year (23,097 ) - (23,097 )
Transfer of revaluation net of
deferred tax

33,800

(33,800

)

-

At 31 August 2024 285,692 357,482 643,174

BLETSOE LIMITED (REGISTERED NUMBER: 03238163)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
S C Campion and Mrs J B Campion
Balance outstanding at start of year 1,318 -
Amounts advanced 3,299 1,318
Amounts repaid (2,068 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,549 1,318