Blenheim (Duxford) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04935415

Blenheim (Duxford) Limited

Unaudited financial statements

31 January 2025

Blenheim (Duxford) Limited

Statement of financial position

31 January 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		5,500,000		5,500,000

Current assets

Debtors	6	131,464	13,516
Cash at bank and in hand		15,911	12,154
		---------	-------
		147,375	25,670

Creditors: Amounts falling due within one year	7	( 76,869)		( 21,311)
		---------		-------
Net current assets			70,506		4,359
			-----------		-----------
Total assets less current liabilities			5,570,506		5,504,359

Provisions

Taxation including deferred tax	( 1,271,319)	( 1,271,319)
	-----------	-----------
Net assets	4,299,187	4,233,040
	-----------	-----------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	4,249,258	4,249,258
Profit and loss account	49,928	( 16,219)
	-----------	-----------
Shareholders funds	4,299,187	4,233,040
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blenheim (Duxford) Limited

Statement of financial position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

J J Romain

Director

Company registration number: 04935415

Blenheim (Duxford) Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 425 Duxford Airfield, Duxford, Cambridge, CB22 4QR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of aircraft measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible fixed assets are initially recorded at cost. Aircraft are carried at revalued amounts, being fair value at the date of revaluation less any subsequent accumulated impairment losses. The aircraft are not depreciated, as the directors consider that the residual value of the aircraft is not materially different from its carrying amount and that the useful economic life cannot be reliably determined. This treatment is reviewed annually to ensure it remains appropriate. Revaluation gains are recognised in other comprehensive income and accumulated in equity under the revaluation reserve, except to the extent they reverse a revaluation decrease of the same asset previously recognised in profit or loss. Revaluation losses are recognised in other comprehensive income to the extent of any previously recognised revaluation gains accumulated in equity for that asset. Any excess revaluation loss beyond the revaluation reserve is recognised in profit or loss. The company reviews the carrying values of tangible assets periodically to ensure they reflect current fair values and assesses for indicators of impairment at each reporting date.

4. Employee numbers

The average number of employees during the year was 3 (2024: 3 ).

5. Tangible assets

	Blenheim aircraft
	£
Cost
At 1 February 2024 and 31 January 2025	5,500,000
	-----------
Depreciation
At 1 February 2024 and 31 January 2025	–
	-----------
Carrying amount
At 31 January 2025	5,500,000
	-----------
At 31 January 2024	5,500,000
	-----------

The Blenheim aircraft was revalued at 31 January 2025 by the director to reflect the current market value. The tangible fixed assets of the company have been pledged to secure borrowing of the parent company under common control. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Blenheim aircraft
	£
At 31 January 2025
Aggregate cost	414,724
Aggregate depreciation	(207,360)
	---------
Carrying value	207,364
	---------

At 31 January 2024
Aggregate cost	414,724
Aggregate depreciation	(186,624)
	---------
Carrying value	228,100
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	4,950	–
Amounts owed by group undertakings	126,187	13,500
Other debtors	327	16
	---------	-------
	131,464	13,516
	---------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	40,088	–
Amounts owed to group undertakings	10,972	19,731
Social security and other taxes	22,049	–
Other creditors	3,760	1,580
	-------	-------
	76,869	21,311
	-------	-------