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REGISTERED NUMBER: 03443121 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

Blenheim Property Management Limited
Blenheim Property Management Limited (Registered number: 03443121)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Blenheim Property Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D I Warwick
M K Rodwell





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 03443121 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW
1
Blenheim Property Management Limited (Registered number: 03443121)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 2,882,740 8,487,342
Investment property 5 5,935,000 7,455,657
8,817,740 15,942,999

CURRENT ASSETS
Debtors 6 1,480,577 1,196,010
Cash at bank 491,804 517,898
1,972,381 1,713,908
CREDITORS
Amounts falling due within one year 7 (248,308 ) (260,849 )
NET CURRENT ASSETS 1,724,073 1,453,059
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,541,813
17,396,058

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Revaluation reserve 8 521,139 6,125,741
Retained earnings 10,019,474 11,269,117
SHAREHOLDERS' FUNDS 10,541,813 17,396,058

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

The members have not required the company to obtain an audit of its financial statements for the year 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 15 September 2025 and were signed on its behalf by:





M K Rodwell - Director


The notes form part of these financial statements

2
Blenheim Property Management Limited (Registered number: 03443121)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Blenheim Property Management 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 (£).


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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period, and also have been consistently applied within the same accounts.

Preparation of consolidated financial statements
The financial statements contain information about Blenheim Property Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Income comprises rent receivable from investment properties net of value added tax and is recognised on an accruals basis. Benefits provided to lessees in the form of rent free periods and capital contributions are treated as a reduction in the overall return on the lease and are recognised on a straight line basis over the full term of the lease.

Investments in subsidiaries
Fixed asset investments are stated at valuation. The basis of valuation is the net asset value at the year end of the consolidated balance sheet of its subsidiary Blenheim Estates Limited.

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year 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 statement of financial position date.


3 continued...
Blenheim Property Management Limited (Registered number: 03443121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements have been prepared on a going concern basis which the director considers appropriate. This basis is dependent upon the continued support of the company's bankers and other creditors. The financial statements do not include any adjustments that would result from a withdrawal of financial support from the creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST OR VALUATION
At 1 January 2024 8,487,342
Revaluations (5,604,602 )
At 31 December 2024 2,882,740
NET BOOK VALUE
At 31 December 2024 2,882,740
At 31 December 2023 8,487,342

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertaking
£   
Valuation in 2024 2,882,740

If the fixed asset investments had not been revalued, they would have been included at a historical cost of £1.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 7,455,657
Revaluations (1,520,657 )
At 31 December 2024 5,935,000
NET BOOK VALUE
At 31 December 2024 5,935,000
At 31 December 2023 7,455,657

4 continued...
Blenheim Property Management Limited (Registered number: 03443121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 5,935,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,839,657 6,839,657

The investment properties were valued on an open market basis on 31 December 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,729 -
Amounts owed by group undertakings 1,475,848 1,142,087
Prepayments & accrued income - 53,923
1,480,577 1,196,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 90,338 93,359
Value added tax 38,052 59,671
Other creditors 5,838 5,838
Accruals & deferred income 114,080 101,981
248,308 260,849

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 6,125,741
Revaluation of investments (5,604,602 )

At 31 December 2024 521,139

9. CONTINGENT LIABILITIES

As part of the bank loan facility in its subsidiary, Blenheim Estates Limited, the company has entered into a deed of charge with the lender over its shareholding in the subsidiary company. At 31 December 2024 the bank loan in the subsidiary company amounted to £5,530,000 (2023: £6,000,000).

10. RETAINED EARNINGS

The retained earnings of £10,019,474 (2023: £11,269,117) comprise distributable reserves of £10,019,474 (2023: £10,653,117) and non-distributable reserves of £nil (2023: £616,000) which relate to property revaluations less related deferred tax provision.

5