REGISTERED NUMBER: 09422052 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLUEFIELD PROPERTY CO. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Griffiths

REGISTERED OFFICE:

Talbot Road North

Wellingborough

Northamptonshire

NN8 1QS

REGISTERED NUMBER:

09422052 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Investment property

4

900,000

900,000

CURRENT ASSETS

Debtors

5

201

277

Cash at bank and in hand

9,218

14,435

9,419

14,712

CREDITORS

Amounts falling due within one year

6

261,175

287,805

NET CURRENT LIABILITIES

(251,756

)

(273,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

648,244

626,907

CREDITORS

Amounts falling due after more than one year

7

(216,729

)

(257,422

)

PROVISIONS FOR LIABILITIES

(27,524

)

(27,524

)

NET ASSETS

403,991

341,961

CAPITAL AND RESERVES

Called up share capital

10

61

61

Revaluation reserve

11

110,096

110,096

Capital redemption reserve

40

40

Retained earnings

293,794

231,764

SHAREHOLDERS' FUNDS

403,991

341,961

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

N Griffiths - Director

1.	STATUTORY INFORMATION

Bluefield Property Co. Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY

In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is recognised in the income statement. Although standard accounting practice does not require the use of a revaluation reserve, the directors believe that the use of such a reserve is necessary for a proper understanding of the company's financial position. Accordingly the investment property revaluation for the year is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of investment properties.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

900,000

NET BOOK VALUE

At 31 March 2025

900,000

At 31 March 2024

900,000

The balance sheet figure comprises cost of £789,904 (2024 - £789,904) and accumulated surpluses on revaluation of £110,096 (2024 - £110,096).

In the Director's opinion, the carrying value of the company's investment properties as at 31 March 2025 is not significantly different from the open market fair values of those properties as at the date of signing these financial statements.

If the properties were sold for this figure, a corporation tax liability of £27,524 (2024 - £27,524) would arise.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

201

277

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

44,137

41,629

Tax

20,677

17,802

VAT

1,534

3,947

Other creditors

194,827

224,427

261,175

287,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

216,729

257,422

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

44,137

41,629

Amounts falling due between two and five years:

Other loans - 2-5 years

216,729

257,422

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

260,866

299,051

The company has entered into a loan agreement with HSBC Bank plc, under which the company has granted a fixed and floating charge over all the company assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

61

Ordinary

1

61

61

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

110,096

12.	RELATED PARTY DISCLOSURES

Transactions with related parties

The following amounts were outstanding at the reporting end date:

2025

2024

£

£

Amounts due to related parties

BF Bassett & Findley Ltd - associated company

194,827

224,427