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Registration number: 02728326

Blanford Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Blanford Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

Blanford Limited

Company Information

Director

Mrs Pauline Ann Steele

Registered office

Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
England
CV10 7RJ

Accountants

Pattinsons Business Services Ltd 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Blanford Limited

Director's Report for the Year Ended 30 September 2024

The director presents her report and the financial statements for the year ended 30 September 2024.

Director of the company

The director who held office during the year was as follows:

Mrs Pauline Ann Steele

Principal activity

The principal activity of the company is that of a property investment company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 19 June 2025 and signed on its behalf by:

.........................................
Mrs Pauline Ann Steele
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Blanford Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blanford Limited for the year ended 30 September 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Blanford Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Blanford Limited and state those matters that we have agreed to state to the Board of Directors of Blanford Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blanford Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Blanford Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Blanford Limited. You consider that Blanford Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Blanford Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

19 June 2025

 

Blanford Limited

(Registration number: 02728326)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

662,887

663,887

Investments

6

-

20,000

 

662,887

683,887

Current assets

 

Debtors

7

535

135

Cash at bank and in hand

 

597,451

569,316

 

597,986

569,451

Creditors: Amounts falling due within one year

8

(51,219)

(72,635)

Net current assets

 

546,767

496,816

Net assets

 

1,209,654

1,180,703

Capital and reserves

 

Called up share capital

9

54,000

54,000

Retained earnings

1,155,654

1,126,703

Shareholders' funds

 

1,209,654

1,180,703

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 19 June 2025
 

.........................................
Mrs Pauline Ann Steele
Director

 

Blanford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
England
CV10 7RJ

These financial statements were authorised for issue by the director on 19 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Blanford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Asset class

Depreciation method and rate

Investment properties

50 years straight line on buildings only

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Blanford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

(113,917)

5

Investment properties

2024
£

At 1 October

663,887

Fair value adjustments

(1,000)

At 30 September

662,887

The investment properties have been revalued by the director using online valuation data.

6

Investments

2024
£

2023
£

Investments in subsidiaries

-

20,000

 

Blanford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Subsidiaries

£

Cost or valuation

Provision

Carrying amount

At 30 September 2024

-

At 30 September 2023

20,000

7

Debtors

2024
£

2023
£

Prepayments

135

135

Other debtors

400

-

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

553

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

24,786

Taxation and social security

 

6,063

5,284

Other creditors

 

45,156

42,012

 

51,219

72,635

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

54,000

54,000

54,000

54,000

       
 

Blanford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

10

Reserves

Note

2024
 £

2023
 £

Distributable reserves

 

768,654

738,703

Non-distributable reserves

 

387,000

388,000

 

1,155,654

1,126,703