ACCOUNTS - Final Accounts preparation

Registered number: 14043234

BLUE NOTE WESTERN FLEET LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

BLUE NOTE WESTERN FLEET LIMITED

REGISTERED NUMBER: 14043234

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		2,648,525		2,544,335
			2,648,525		2,544,335
Current assets
Debtors: Amounts falling due within one year	5	100		100
Cash at bank and in hand	6	40,943		92,118
		41,043		92,218
Creditors: Amounts falling due within one year	7	(2,941,441)		(2,771,442)
Net current liabilities			(2,900,398)		(2,679,224)
Total assets less current liabilities			(251,873)		(134,889)

Net liabilities			(251,873)		(134,889)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(251,973)	(134,989)
	(251,873)	(134,889)

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BLUE NOTE WESTERN FLEET LIMITED

REGISTERED NUMBER: 14043234

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

W K D Laxton

Director

Date: 3 September 2025

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BLUE NOTE WESTERN FLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Blue Note Western Limited is a private company,limited by shares, registered in England and Wales, registration number 14043234. The registered office and trading address is 2 Babmaes Street, London, United Kingdom, SW1Y 6HD .

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The financial statements for the Company have been prepared on a going concern basis. The Company recorded a loss after tax for the financial year of 116,984 and had net liabilities of 251,873 at the date of the Statement of Financial Position.
After reviewing the Company's forecasts and projections the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months following approval of these financial statements.

2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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BLUE NOTE WESTERN FLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	2,544,335
	Additions at cost	104,190
	At 31 December 2024	2,648,525

The 2024 valuations were made by the directors, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

	Historic cost	2,284,500	2,604,200
		2,284,500	2,604,200

Debtors

					2024	2023
					£	£

	Called up share capital not paid	100	100

6.	Cash
		2024	2023
		£	£

	Cash at bank and in hand	40,943	92,118

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BLUE NOTE WESTERN FLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

	Amounts owed to group undertakings	2,941,441	2,771,442

8.	Controlling party

The immediate parent company is Blue Note Western Fleet Holdings Limited and the ultimate parent company is Mactaggart Heritable Limited, both of which are registered in England and Wales. Mactaggart Heritable Limited produces consolidated financial statements that are available to the public, from Registrar of Companies at Companies House.
The directors consider there to be no ultimate controlling party.

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