BL Capital Limited Accounts






	BL Capital Limited
	Company No. 10669487
	Information for Filing with The Registrar
	28 February 2025

at	28 February 2025
Company No.		10669487	Notes	2025	2024
				£	£
Fixed assets


	Investment property		4	910,000	910,000

				910,000	910,000
Current assets



	Cash at bank and in hand			173,656	164,480
				173,656	164,480
Creditors: Amount falling due within one year			5	(152,595)	(147,605)
Net current assets				21,061	16,875
Total assets less current liabilities				931,061	926,875
Creditors: Amounts falling due after more than one year			6	(27,085)	(31,585)
Provisions for liabilities
	Deferred taxation		7	(99,375)	(99,375)

Net assets				804,601	795,915

Capital and reserves
	Called up share capital			1,000	1,000

	Revaluation reserve		8	523,027	523,027

	Profit and loss account		8	280,574	271,888

Total equity				804,601	795,915



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.


As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 28 February 2025

And signed on its behalf by:
V. Gandesha
Director
28 February 2025

for the year ended 28 February 2025

General information

Its registered number is: 10669487

Its registered office is:

Suite 7 Regency House

Station Road

Harold Wood

Essex

RM3 0BP

The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Accounting policies

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 March 2024	910,000



		At 28 February 2025	910,000

5	Creditors amounts falling due within one year:
			2025	2024
			£	£

		Bank loans and overdrafts	119,449	121,169




		Corporation tax	2,037	217
		Other taxes and social security	2,040	1,180
		Loans from directors	18,451	14,397
		Other creditors	10,000	10,000
		Accruals and deferred income	618	642
			152,595	147,605

6	Creditors amounts falling due after more than one year:
			2025	2024
			£	£

		Bank loans and overdrafts	27,085	31,585






			27,085	31,585

7	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 March 2024	99,375	99,375


		At 28 February 2025	99,375	99,375



			2025	2024
			£	£


		Revaluation of land and buildings	99,375	99,375

			99,375	99,375

8	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 March 2023	523,027	523,027



		At 29 February 2024 and 1 March 2024	523,027	523,027



		At 28 February 2025	523,027	523,027

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

At the balance sheet date £18,451 was owed to the directors by the company.

Controlling party

Immediate controlling party

No single party controls the company