REGISTERED NUMBER: 11635366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BLYTHE BUSINESS PARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Barrett

REGISTERED OFFICE:

Unit 1, Brookside Business Park

Brookside Road

Uttoxeter

United Kingdom

ST14 8AT

REGISTERED NUMBER:

11635366 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Investment property

4

7,200,000

7,200,000

CURRENT ASSETS

Debtors

5

3,548,436

2,971,448

Cash at bank

10,457

59,632

3,558,893

3,031,080

CREDITORS

Amounts falling due within one year

6

4,059,133

3,602,627

NET CURRENT LIABILITIES

(500,240

)

(571,547

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,699,760

6,628,453

CREDITORS

Amounts falling due after more than one year

7

(5,250,737

)

(5,302,873

)

PROVISIONS FOR LIABILITIES

(1,098,248

)

(1,098,248

)

NET ASSETS

350,775

227,332

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

350,675

227,232

350,775

227,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

M J Barrett - Director

1.	STATUTORY INFORMATION

Blythe Business Park Limited is a private company limited by shares (registered number 11635366), which is incorporated in the UK. The trading address and registered office is Brookside Business Park, Brookside Road, Uttoxeter, ST14 8AT.

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised in the period to which it relates.

Investment property

Investment property is carried at fair value determined annually 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 the Statement of income and retained earnings.

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 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.

Going concern

Due to cross guarantees throughout the Group, going concern of the Company is dependent on the performance of the Group overall. After reviewing the Group's forecast and projections for the next 12 months, the Directors are confident that the Group has adequate resources to continue for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements. The Groups has external financing facilities for growth and development purposes. The Group’s strategy and projections continue to include the realisation of various none core assets over the next 12 to 18 months to reduce bank debt, provide additional working capital and fund profitable development opportunities.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 October 2023

and 30 September 2024

7,200,000

Net book value

At 30 September 2024

7,200,000

At 30 September 2023

7,200,000

The historic cost of the land and buildings is £1,955,083 (2023: £1,955,083). Investment properties were revalued by the director on an open market basis on 28 September 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

232,026

143,582

Amounts owed by group undertakings

3,144,730

2,167,037

Other debtors

54,522

17,370

Prepayments and accrued income

117,158

643,459

3,548,436

2,971,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,315

6,602

Amounts owed to group undertakings

3,676,105

3,216,984

VAT

53,436

34,473

Accruals and deferred income

322,277

344,568

4,059,133

3,602,627

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,250,737

5,302,873

The bank loan is secured over all of the Company's assets including a legal charge over the property (Blythe Park, Sandon Road, Cresswell, Stoke-on-Trent, ST11 9RD) and a charge over the Accounts.

8.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling undertaking at the balance sheet date was M J Barrett Group Limited, a company incorporated in England and Wales, who owns 100% of the called up share capital. Copies of these financial statements are available from the Company's registered office, Brookside Business park, Uttoxeter, ST14 8AT.

The company is controlled by the director who owns 100% of the called up share capital in M J Barrett Group Limited.