REGISTERED NUMBER: 10446659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLENCORPORATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms N K Blencowe

M J C Blencowe

REGISTERED OFFICE:

10 Prince Albert St

Brighton

BN1 1HE

REGISTERED NUMBER:

10446659 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

4

18,313,082

15,900,000

CURRENT ASSETS

Debtors

5

145,810

28,721

Cash at bank

858,139

1,157,826

1,003,949

1,186,547

CREDITORS

Amounts falling due within one year

6

(7,741,447

)

(8,895,682

)

NET CURRENT LIABILITIES

(6,737,498

)

(7,709,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,575,584

8,190,865

CREDITORS

Amounts falling due after more than one year

7

(8,742,916

)

(5,762,280

)

PROVISIONS FOR LIABILITIES

(114,202

)

(315,690

)

NET ASSETS

2,718,466

2,112,895

CAPITAL AND RESERVES

Called up share capital

2

2

Non-distributable reserve

9

1,279,744

947,068

Retained earnings

1,438,720

1,165,825

2,718,466

2,112,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

M J C Blencowe - Director

Ms N K Blencowe - Director

1.	STATUTORY INFORMATION

Blencorporation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

15,900,000

Additions

2,413,082

At 31 March 2025

18,313,082

NET BOOK VALUE

At 31 March 2025

18,313,082

At 31 March 2024

15,900,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,127,032

Valuation in 2024

135,726

Cost

17,050,324

18,313,082

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,287

12,150

Amounts owed by associates

-

8,156

Accrued income

38,053

-

Prepayments

11,470

8,415

145,810

28,721

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

200,000

123,300

Trade creditors

24,481

15,159

Tax

61,002

13,558

VAT

47,740

31,279

Other creditors

170,451

178,898

Directors' loan accounts

6,974,040

8,359,541

Accruals and deferred income

260,584

167,448

Accrued expenses

3,149

6,499

7,741,447

8,895,682

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

8,742,916

5,762,280

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

by installments

8,742,916

5,762,280

8,742,916

5,762,280

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

200,000

123,300

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

by installments

8,742,916

5,762,280

8,742,916

5,762,280

9.

RESERVES

Non-distribut

reserve

£

At 1 April 2024

947,068

Movement on non distributable

reserve

332,676

At 31 March 2025

1,279,744

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M Blencowe increased his loan to the company. As at 31 March 2025, the company owed him £6,9374,040 (2024: £8,359,541). This balance represented the maximum amount outstanding during the year and the loan has been charged interest of £524,400 which is at 8%.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J C Blencowe.

This was by virtue of his 100% holding of the issued share capital.