Bloomfields Service Stations Limited - Accounts to registrar (filleted)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bloomfields Service Stations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L J Bloomfield

Mrs L Bloomfield

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

00474177 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

265,419

268,610

Investment property

5

1,776,049

1,145,949

2,041,468

1,414,559

CURRENT ASSETS

Debtors

6

66,132

174,630

Cash at bank

112,089

66,209

178,221

240,839

CREDITORS

Amounts falling due within one year

7

1,178,419

702,714

NET CURRENT LIABILITIES

(1,000,198

)

(461,875

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,041,270

952,684

PROVISIONS FOR LIABILITIES

1,539

NET ASSETS

1,039,731

951,145

CAPITAL AND RESERVES

Called up share capital

9

7,249

Retained earnings

1,032,482

943,896

SHAREHOLDERS' FUNDS

1,039,731

951,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 September 2025 and were signed on its behalf by:

Mrs L Bloomfield - Director

1.	STATUTORY INFORMATION

Bloomfields Service Stations 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.

Turnover

Turnover represents rents receivable by the company, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment properties are initially recognised at cost, being the purchase price and any directly attributable expenditure.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 4 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

276,784

55,062

96,508

31,106

459,460

Additions

-

1,987

At 31 March 2025

276,784

55,062

96,508

33,093

461,447

DEPRECIATION

At 1 April 2024

16,274

52,880

95,181

26,515

190,850

Charge for year

2,767

545

221

1,645

5,178

At 31 March 2025

19,041

53,425

95,402

28,160

196,028

NET BOOK VALUE

At 31 March 2025

257,743

1,637

1,106

4,933

265,419

At 31 March 2024

260,510

2,182

1,327

4,591

268,610

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,145,949

Additions

630,100

At 31 March 2025

1,776,049

NET BOOK VALUE

At 31 March 2025

1,776,049

At 31 March 2024

1,145,949

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

37,640

28,076

VAT

-

39,309

Prepayments

28,492

7,245

Accrued income

-

100,000

66,132

174,630

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

380,000

-

Trade creditors

15,346

15,646

Tax

27,720

290

VAT

2,569

-

Other Creditors

90,875

166,458

Other Taxes & PAYE

356

1,130

Accruals

4,280

Directors' current accounts

657,273

514,910

1,178,419

702,714

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

380,000

-

During the year, the Bloomfield Service Stations Limited acquired a secured loan in the amount of £430,000, which is secured against the land owned by the company. The loan was obtained to finance the acquisition of the property located at 88 Camberwell Road.

The land has been pledged as collateral, and the lender holds a legal charge over the property as security for the loan.

The carrying value of the land at the year-end was £630,000 and the outstanding balance on the loan as at 31/03/2025 was £380,000.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

7,249

Ordinary Shares

£1

7,249

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In November 2022 the company acquired a property from Mrs L Y Bloomfield for the sum of £595,000 plus costs. This amount was the market value of the property.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L Bloomfield.