| Blenheim Villa Properties Limited |
| Registered number: |
13906120 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
137 |
|
|
275 |
| Investment property |
4 |
|
|
249,714 |
|
|
130,306 |
|
|
|
|
249,851 |
|
|
130,581 |
|
| Current assets |
| Cash at bank and in hand |
|
|
934 |
|
|
2,867 |
|
| Creditors: amounts falling due within one year |
5 |
|
(80,126) |
|
|
(44,421) |
|
| Net current liabilities |
|
|
|
(79,192) |
|
|
(41,554) |
|
| Total assets less current liabilities |
|
|
|
170,659 |
|
|
89,027 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(178,645) |
|
|
(94,595) |
|
|
|
| Net liabilities |
|
|
|
(7,986) |
|
|
(5,568) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(8,086) |
|
|
(5,668) |
|
| Shareholders' funds |
|
|
|
(7,986) |
|
|
(5,568) |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
|
| E Tipple |
| Director |
| Approved by the board on 9 September 2024 |
|
| Blenheim Villa Properties Limited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 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). |
|
|
Going concern |
|
The directors will continue to support the Company, where required, for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis. |
|
|
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: |
|
|
Office equipment |
25% straight line |
|
|
Investment property |
|
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 March 2024 |
550 |
|
At 28 February 2025 |
550 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
275 |
|
Charge for the year |
138 |
|
At 28 February 2025 |
413 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
137 |
|
At 29 February 2024 |
275 |
|
|
| 4 |
Investment property |
| Freehold |
| investment |
| property |
| £ |
|
Valuation |
|
At 1 March 2024 |
130,306 |
|
Additions |
119,408 |
|
|
At 28 February 2025 |
249,714 |
|
|
The 2024 valuations were made by the director, on an open market value for existing use basis. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals and deferred income |
|
650 |
|
500 |
|
Other creditors |
79,476 |
|
43,921 |
|
|
|
|
|
|
80,126 |
|
44,421 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
178,645 |
|
94,595 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
As at 28 February 2025 the balance owed to the directors was £79,476 (2024: £43,921). |
|
|
| 8 |
Other information |
|
|
Blenheim Villa Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
286a Dereham Road |
|
Norwich |
|
NR2 3UU |