Blue Boar Court Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05745011 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BLUE BOAR COURT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Everett

L J Garbutt

SECRETARY:

A Garbutt

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

BUSINESS ADDRESS:

C/O Blue Boar Court

9 Alfred St

Oxford

OX1 4EH

REGISTERED NUMBER:

05745011 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

6,184

6,595

Investment property

5

4,800,000

4,806,184

4,806,595

CURRENT ASSETS

Debtors

6

96,208

112,545

Cash at bank

967,434

1,155,299

1,063,642

1,267,844

CREDITORS

Amounts falling due within one year

7

93,032

451,321

NET CURRENT ASSETS

970,610

816,523

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,776,794

5,623,118

PROVISIONS FOR LIABILITIES

322,403

NET ASSETS

5,454,391

5,300,715

CAPITAL AND RESERVES

Called up share capital

7,998

Share premium

2,430,000

Fair value reserve

8

1,972,979

Retained earnings

1,043,414

889,738

5,454,391

5,300,715

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 29 September 2025 and were signed on its behalf by:

L J Garbutt - Director

F J Everett - Director

1.	STATUTORY INFORMATION

Blue Boar Court 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.

Turnover

Revenue is receivable by the company in respect of renting out commercial properties.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the turnover 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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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 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.

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 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 January 2024

-

7,840

Additions

1,660

150

1,810

At 31 December 2024

1,660

7,990

9,650

DEPRECIATION

At 1 January 2024

-

1,245

Charge for year

28

2,193

2,221

At 31 December 2024

28

3,438

3,466

NET BOOK VALUE

At 31 December 2024

1,632

4,552

6,184

At 31 December 2023

-

6,595

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,800,000

NET BOOK VALUE

At 31 December 2024

4,800,000

At 31 December 2023

4,800,000

The 2022 valuation of £4,800,000 was made by Marriots Oxford, on an open market value for existing use basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

101,013

Other debtors

34,077

8,864

Directors' loan accounts

682

-

VAT

19,396

-

Prepayments and accrued income

42,053

2,668

96,208

112,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

418

6,882

Corporation Tax

89,357

62,305

Social security and other taxes

1,352

1,356

VAT

-

70

Directors' loan accounts

735

300,307

Accruals and deferred income

1,170

80,401

93,032

451,321

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

1,972,979

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

F J Everett

Balance outstanding at start of year

(170,872

)

(312,500

)

Amounts advanced

213,959

185,955

Amounts repaid

(42,405

)

(44,327

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

682

(170,872

)

L J Garbutt

Balance outstanding at start of year

(129,435

)

(312,500

)

Amounts advanced

167,619

192,798

Amounts repaid

(38,919

)

(9,733

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(735

)

(129,435

)

The director loans are repayable on demand. No interest is charged.

10.	OPERATING LEASE COMMITMENTS

The company had total commitments at the year end of £52,434 (2023: £Nil).