Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Joanne Hall Mark Hall 23 May 2025 no description of principal activity 10019848 2024-05-31 10019848 2023-05-31 10019848 core:CurrentFinancialInstruments 2024-05-31 10019848 core:CurrentFinancialInstruments 2023-05-31 10019848 core:Non-currentFinancialInstruments 2024-05-31 10019848 core:Non-currentFinancialInstruments 2023-05-31 10019848 core:ShareCapital 2024-05-31 10019848 core:ShareCapital 2023-05-31 10019848 core:RevaluationReserve 2024-05-31 10019848 core:RevaluationReserve 2023-05-31 10019848 core:RetainedEarningsAccumulatedLosses 2024-05-31 10019848 core:RetainedEarningsAccumulatedLosses 2023-05-31 10019848 core:InvestmentPropertyIncludedWithinPPE 2023-05-31 10019848 core:PlantMachinery 2023-05-31 10019848 core:InvestmentPropertyIncludedWithinPPE 2024-05-31 10019848 core:PlantMachinery 2024-05-31 10019848 core:Non-currentFinancialInstruments 1 2024-05-31 10019848 core:Non-currentFinancialInstruments 1 2023-05-31 10019848 2023-06-01 2024-05-31 10019848 bus:FilletedAccounts 2023-06-01 2024-05-31 10019848 bus:SmallEntities 2023-06-01 2024-05-31 10019848 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10019848 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10019848 bus:Director1 2023-06-01 2024-05-31 10019848 bus:Director2 2023-06-01 2024-05-31 10019848 core:PlantMachinery 2023-06-01 2024-05-31 10019848 2022-06-01 2023-05-31 10019848 core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 10019848 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 10019848 (England and Wales)

# BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

### Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

## Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 321,971 |  | 322,628
|  | 321,971 |  | 322,628
Current assets |  |  |  |
Stocks |  | 100,876 |  | 129,753
Debtors | 4 | 107 |  | 420
Cash at bank and in hand | 5 | 2,149 |  | 12,090
|  | 103,132 |  | 142,263
Creditors: amounts falling due within one year | 6 | ( 120,940) |  | ( 128,332)
Net current (liabilities)/assets |  | (17,808) |  | 13,931
Total assets less current liabilities |  | 304,163 |  | 336,559
Creditors: amounts falling due after more than one year | 7 | ( 161,567) |  | ( 161,567)
Provision for liabilities |  | ( 13,852) |  | ( 21,907)
Net assets |  | 128,744 |  | 153,085
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Revaluation reserve |  | 63,750 |  | 85,000
Profit and loss account |  | 64,894 |  | 67,985
Total shareholders' funds |  | 128,744 |  | 153,085

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Blue Harbour Property Developments Ltd (registered number: 10019848) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mark Hall Director |

23 May 2025

BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BLUE HARBOUR PROPERTY DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Blue Harbour Property Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rosedale Farm Fen Street, Old Buckenham, Attleborough, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property | not depreciated
Plant and machinery | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Investment property |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 June 2023 | 320,000 |  | 13,599 |  | 333,599
At 31 May 2024 | 320,000 |  | 13,599 |  | 333,599
Accumulated depreciation |  |  |  |  |
At 01 June 2023 | 0 |  | 10,971 |  | 10,971
Charge for the financial year | 0 |  | 657 |  | 657
At 31 May 2024 | 0 |  | 11,628 |  | 11,628
Net book value |  |  |  |  |
At 31 May 2024 | 320,000 |  | 1,971 |  | 321,971
At 31 May 2023 | 320,000 |  | 2,628 |  | 322,628

On the 30/05/2019 the property was purchased for £235,000, the investment property has been accounted for under the fair value accounting rules.

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
VAT recoverable | 107 |  | 93
Corporation tax | 0 |  | 327
| 107 |  | 420

#### 5. Cash and cash equivalents

| 2024 |  | 2023
| £ |  | £
Cash at bank and in hand | 2,149 |  | 12,090

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Taxation and social security | 12,382 |  | 12,709
Other creditors | 108,558 |  | 115,623
| 120,940 |  | 128,332

#### 7. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Other loans | 161,567 |  | 161,567

Other loans are secured by way of a fixed and floating charge on the property held by the company.