REGISTERED NUMBER: 08345347 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BLUE LION PLACE FREEHOLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Straw

S V Robinson

J Fensom

G Jones

SECRETARY:

JFM Block Management Limited

REGISTERED OFFICE:

Middlesex House

2nd Floor

130 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

08345347 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

187,595

187,595

CURRENT ASSETS

Debtors

5

2,238

215

Cash at bank

8,026

7,465

10,264

7,680

CREDITORS

Amounts falling due within one year

6

213,244

207,797

NET CURRENT LIABILITIES

(202,980

)

(200,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,385

)

(12,522

)

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

(15,425

)

(12,562

)

SHAREHOLDERS' FUNDS

(15,385

)

(12,522

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2025 and were signed on its behalf by:

E Straw - Director

1.	STATUTORY INFORMATION

Blue Lion Place Freehold 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.

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.

The company meets its day to day working capital requirement from funding provided by the service charge trust of Blue Lion Place. The directors have confirmed that this support will continue to be provided for the foreseeable future and consequently they consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the service charge trust.

Turnover

Turnover represents ground rents receivable. Ground rent has only been collected from the externally held car park space, and waived for unit leaseholders, but that leaseholders will be charged ground rent this current year 2023.

Tangible fixed assets

Land and buildings are shown at cost less any accumulated depreciation and any accumulated impairment losses.

Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

The residual value of the company's assets and whether the value has been impaired are considered by the directors on an annual basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2024

and 31st December 2024

187,595

NET BOOK VALUE

At 31st December 2024

187,595

At 31st December 2023

187,595

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments

2,238

215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

5,680

-

Loans from members

193,127

193,127

Due to Blue Lion Place

service charge fund

12,605

12,820

Accrued expenses

1,832

1,850

213,244

207,797

The loans from members were made to facilitate the purchase of the freehold, and are interest free and repayable at the discretion of the company.