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Company No: 03887087 (England and Wales)

BLAIR & CRAMER (PROPERTIES) LTD

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

BLAIR & CRAMER (PROPERTIES) LTD

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

BLAIR & CRAMER (PROPERTIES) LTD

BALANCE SHEET

As at 31 January 2025
BLAIR & CRAMER (PROPERTIES) LTD

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 23,604 24,612
Investment property 4 3,074,332 3,058,000
3,097,936 3,082,612
Current assets
Debtors 5 11,070 10,904
Cash at bank and in hand 11,827 9,756
22,897 20,660
Creditors: amounts falling due within one year 6 ( 817,623) ( 849,123)
Net current liabilities (794,726) (828,463)
Total assets less current liabilities 2,303,210 2,254,149
Creditors: amounts falling due after more than one year 7 ( 1,031,590) ( 1,041,954)
Provision for liabilities ( 71,941) ( 72,085)
Net assets 1,199,679 1,140,110
Capital and reserves
Called-up share capital 95 95
Fair value reserve 505,447 505,447
Capital redemption reserve 5 5
Profit and loss account 694,132 634,563
Total shareholder's funds 1,199,679 1,140,110

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Blair & Cramer (Properties) Ltd (registered number: 03887087) were approved and authorised for issue by the Director on 20 June 2025. They were signed on its behalf by:

S J Donaldson OBE
Director
BLAIR & CRAMER (PROPERTIES) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
BLAIR & CRAMER (PROPERTIES) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
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

Blair & Cramer (Properties) 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 The Piggery Vexour Farm, Hampkins Hill Road, Chiddingtsone, TN8 7BB, 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 comprises the fair value of the consideration received or receivable for the rent in the ordinary course of the company's activities.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

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 Balance Sheet date. Tax is recognised in the profit and loss account, 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.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Plant and machinery etc. 25 years straight line

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.

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.

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. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2024 25,200 25,200
At 31 January 2025 25,200 25,200
Accumulated depreciation
At 01 February 2024 588 588
Charge for the financial year 1,008 1,008
At 31 January 2025 1,596 1,596
Net book value
At 31 January 2025 23,604 23,604
At 31 January 2024 24,612 24,612

4. Investment property

Investment property
£
Valuation
As at 01 February 2024 3,058,000
Additions 16,332
As at 31 January 2025 3,074,332

Valuation

A full market valuation of investment property was completed by the director at the statement of financial position date. The basis of the valuation was open market value.

This class of assets has a current value of £3,074,332 (2024 - £3,058,000) and a carrying amount at historical cost of £2,499,883 (2024 - £2,483,551). The depreciation on the historical cost is £Nil (2024 - £Nil).

5. Debtors

2025 2024
£ £
Trade debtors 2,404 1,500
Other debtors 8,666 9,404
11,070 10,904

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,280 10,196
Trade creditors 3,267 430
Taxation and social security 19,815 10,975
Other creditors 784,261 827,522
817,623 849,123

The bank loan is secured against the investment property known as Three Gate Stables and has a carrying value of £1,810,000.

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

2025 2024
£ £
Bank loans 1,031,590 1,041,954

The bank loan is secured against the investment property known as Three Gate Stables and has a carrying value of £1,826,332 (2024: £1,810,000). £985,008 of this balance falls due in greater than five years (2024: £1,000,750).