REGISTERED NUMBER: 14356209 (England and Wales)

BLUE SELF STORAGE (PROPERTIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C P Bryan

P Postle

REGISTERED OFFICE:

C/o Resource Limited The Maltings

East Tyndall Street

County of Cardiff

CF24 5EA

REGISTERED NUMBER:

14356209 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

1,142,162

-

CURRENT ASSETS

Debtors

5

2,105

-

Cash in hand

1

1

2,106

1

CREDITORS

Amounts falling due within one year

6

(1,145,167

)

-

NET CURRENT (LIABILITIES)/ASSETS

(1,143,061

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

(899

)

1

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(900

)

-

SHAREHOLDERS' FUNDS

(899

)

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

C P Bryan - Director

1.	STATUTORY INFORMATION

Blue Self Storage (Properties) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the presentation of these financial statements are set out below.

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.

There have been no material departures from the Financial Reporting Standard 1A.

GOING CONCERN

At the year end the company had net liabilities of £899 and net current liabilities of £1,143,061. However, the director's are satisfied that the financial statements should be prepared on a going concern basis because it has the support of group companies.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land

-

not provided

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Reporting period

The previous financial statements were the first since incorporation and covered a dormant period of approximately 54 weeks. These financial statements have been extended for commercial reasons to cover a period of 15 months and commenced trading on 1 October 2023, as a result the financial statements are not comparable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land

£

COST

Additions

1,142,162

At 31 December 2024

1,142,162

NET BOOK VALUE

At 31 December 2024

1,142,162

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

2,105

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,055

-

Amounts owed to group undertakings

1,131,212

-

Accruals and deferred income

900

-

1,145,167

-

7.	SECURED DEBTS

There is a fixed charge over the land and a floating charge over all assets, as security for a £990,000 loan, owed by a fellow subsidiary of the group.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary shares

1

1

1