Registration number:
Blendworth Furnishings Limited
trading as
for the Year Ended 31 December 2024
Blendworth Furnishings Limited
trading as Crookley Park Estate
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Blendworth Furnishings Limited
trading as Crookley Park Estate
Company Information
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Directors |
Mrs V A Brothers Mr J M Read |
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Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Blendworth Furnishings Limited
trading as Crookley Park Estate
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blendworth Furnishings Limited for the year ended 31 December 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Blendworth Furnishings 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 Blendworth Furnishings Limited and state those matters that we have agreed to state to the Board of Directors of Blendworth Furnishings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blendworth Furnishings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Blendworth Furnishings 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 loss of Blendworth Furnishings Limited. You consider that Blendworth Furnishings 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 Blendworth Furnishings 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.
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204 London Road
Waterlooville
Hampshire
PO7 7AN
Blendworth Furnishings Limited
trading as Crookley Park Estate
(Registration number: 01326481)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Blendworth Furnishings Limited
trading as Crookley Park Estate
(Registration number: 01326481)
Balance Sheet as at 31 December 2024
These financial statements have 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Blendworth Furnishings Limited
trading as Crookley Park Estate
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England .
The address of its registered office is:
These financial statements were authorised for issue by the
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Government grants
Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Blendworth Furnishings Limited
trading as Crookley Park Estate
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
3 years straight line |
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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.
Blendworth Furnishings Limited
trading as Crookley Park Estate
Notes to the Unaudited Financial Statements for the Year Ended 31 December 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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Blendworth Furnishings Limited
trading as Crookley Park Estate
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Stocks |
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2024 |
2023 |
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Other inventories |
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Debtors |
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Current |
2024 |
2023 |
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Trade debtors |
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Prepayments |
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Other debtors |
( |
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Blendworth Furnishings Limited
trading as Crookley Park Estate
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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51 |
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51 |
Blendworth Furnishings Limited
trading as Crookley Park Estate
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover (analysed below) |
558,521 |
585,930 |
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Cost of sales (analysed below) |
(239,714) |
(299,516) |
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Gross profit |
318,807 |
286,414 |
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Gross profit (%) |
57.08% |
48.88% |
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Administrative expenses |
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General administrative expenses (analysed below) |
(490,630) |
(445,305) |
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Other expenses (analysed below) |
- |
1,250 |
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(490,630) |
(444,055) |
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Operating loss |
(171,823) |
(157,641) |
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Loss before tax |
(171,823) |
(157,641) |
Blendworth Furnishings Limited
trading as Crookley Park Estate
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover |
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Sale of goods, UK |
329,204 |
471,794 |
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Cafe sales |
229,317 |
114,136 |
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558,521 |
585,930 |
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Cost of sales |
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Opening raw materials |
(54,168) |
(66,966) |
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Purchases |
(171,391) |
(240,961) |
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Cafe purchases |
(51,858) |
(44,631) |
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Closing raw materials |
38,118 |
54,168 |
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Staff training |
(415) |
(1,126) |
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(239,714) |
(299,516) |
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General administrative expenses |
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Wages and salaries (excluding directors) |
(322,174) |
(287,203) |
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Staff NIC (Employers) |
(18,842) |
(15,785) |
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Staff pensions (Defined contribution) |
(9,325) |
(6,489) |
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Rent and rates |
(12,025) |
(13,425) |
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Light, heat and power |
(26,371) |
(21,910) |
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Insurance |
(7,538) |
(7,255) |
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Repairs and maintenance |
(11,712) |
(13,662) |
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Telephone and fax |
(2,231) |
(2,505) |
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Computer software and maintenance costs |
(8,373) |
(6,042) |
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Printing, postage and stationery |
(7,572) |
(8,273) |
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Trade subscriptions |
(100) |
(10) |
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Sundry expenses |
(8,017) |
(7,220) |
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Cleaning |
(16,867) |
(15,876) |
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Motor expenses |
(77) |
(10) |
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Travel and subsistence |
(776) |
(1,754) |
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Advertising |
(3,621) |
(7,151) |
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Staff entertaining (allowable for tax) |
(505) |
- |
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Legal and professional fees |
(4,329) |
(4,915) |
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Bank charges |
(1,675) |
(934) |
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Credit card charges |
(9,662) |
(7,411) |
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Depreciation of fixtures and fittings (owned) |
(18,838) |
(17,475) |
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(490,630) |
(445,305) |
Blendworth Furnishings Limited
trading as Crookley Park Estate
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Other expenses |
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(Profit)/loss on disposal of tangible fixed assets |
- |
1,250 |