Bluestone Property Investments Limited
Balance Sheet
as at 31 December 2024
Registered Number: 04990418
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 492 544
Tangible assets 4 1,109,695 979,356
Investments 5 313,000 313,000
1,423,187 1,292,900
Current assets
Stocks 137,734 169,708
Debtors 6 22,800 1,042
Cash at bank and in hand 11,215 155,146
171,749 325,896
Creditors: amounts falling due within one year 8 (1,036,088) (1,046,955)
Net current liabilities (864,339) (721,059)
Total assets less current liabilities 558,848 571,841
Creditors: amounts falling due after more than one year 9 (14,585) (29,336)
Net assets 544,263 542,505
Capital and reserves
Called up share capital 102 102
Revaluation reserve 10 603,484 603,484
Profit and loss account (59,323) (61,081)
Shareholders' funds 544,263 542,505
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Helen Veronica Ryder
Director
Approved by the board on 26 September 2025
Bluestone Property Investments Limited
Notes to the accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. These are amortised evenly over an estimated useful life of ten years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Motor vehicles 15% Reducing Balance
Investment Property
Investment property is shown at the most recent valuation. Any aggregate surpus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Intangible fixed assets £
Cost
At 1 January 2024 815
At 31 December 2024 815
Amortisation
At 1 January 2024 271
Provided during the year 52
At 31 December 2024 323
Net book value
At 31 December 2024 492
At 31 December 2023 544
Goodwill and other intangible assets are being written off in equal annual instalments over their estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 892,500 129,824 18,000 1,040,324
Additions 31,710 54,045 59,984 145,739
Surplus on revaluation 15,686 - - 15,686
Disposals - (11,599) (2,000) (13,599)
At 31 December 2024 939,896 172,270 75,984 1,188,150
Depreciation
At 1 January 2024 - 55,930 5,038 60,968
Charge for the year - 16,552 5,819 22,371
On disposals - (3,096) (1,788) (4,884)
At 31 December 2024 - 69,386 9,069 78,455
Net book value
At 31 December 2024 939,896 102,884 66,915 1,109,695
At 31 December 2023 892,500 73,894 12,962 979,356
Freehold land and buildings: 2024 2023
£ £
Historical cost 477,075 429,679
477,075 429,679
The leasehold value of the commercial property was revalued in the current year on an open market basis. The valuation was based on a gross rental multiplier of 8.5 of the rental income potential of the leasehold. The valuation was undertaken by the director.
5 Investments
Other
investments
Cost £
At 1 January 2024 313,000
Additions 15,000
Disposals (15,000)
At 31 December 2024 313,000
Assets held for investment purposes include a freehold investment property and a collection of vehicles. The investment property is valued on the basis of an agreed future sale price. The motor vehicles have been valued by the director based on the market value of similar vehicles advertised for sale.
6 Debtors 2024 2023
£ £
Trade debtors 1,200 -
Other debtors 21,600 1,042
22,800 1,042
7 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in profit and loss for the financial year
Unlisted investments - 73,761
8 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,000 16,448
Taxation and social security costs 82,658 74,502
Other creditors 935,430 946,005
1,036,088 1,046,955
9 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,585 14,336
Trade creditors 10,000 15,000
14,585 29,336
10 Revaluation reserve 2024 2023
£ £
At 1 January 2024 603,484 736,704
Loss on revaluation of land, buildings and investment assets - (133,220)
At 31 December 2024 603,484 603,484
11 Controlling party
There is no ultimate controlling party.
12 Other information
Bluestone Property Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: Hiblings Farm, Malton Road, Pickering, North Yorkshire, YO18 8EA
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