ACCOUNTS - Final Accounts preparation

Registered number: 11875630

BL ACTON 3 LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

BL ACTON 3 LTD

REGISTERED NUMBER: 11875630

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	5,196,570		5,448,744
Debtors: amounts falling due within one year	5	4,795,662		3,923,129
Cash at bank and in hand	6	210		3,298
		9,992,442		9,375,171
Creditors: amounts falling due within one year	7	(9,995,727)		(9,375,002)
Net current (liabilities)/assets			(3,285)		169
Total assets less current liabilities			(3,285)		169

Net (liabilities)/assets			(3,285)		169

Capital and reserves
Called up share capital	200	200
Profit and loss account	(3,485)	(31)
	(3,285)	169

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BL ACTON 3 LTD

REGISTERED NUMBER: 11875630

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J J Feldman

Director

Date: 2 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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BL ACTON 3 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

BL Acton 3 Limited is a private company limited by shares amd incorporated in England & Wales (registered number: 11875630). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Going concern

The Company is in a net liabilities position at the reporting date. The Company is dependent on the shareholders and connected companies for financial support, which they they will continue to provide. On this basis the directors have prepared the accounts on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Borrowing costs

Eligible borrowing costs are added to stock where these are attributable to a qualifying asset.

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BL ACTON 3 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

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BL ACTON 3 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Stocks
		2025	2024
		£	£

Property	5,196,570	5,448,744
	5,196,570	5,448,744

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	4,423,386	3,922,929
Other debtors	372,276	200
	4,795,662	3,923,129

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	210	3,298
	210	3,298

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	1,879,693	1,570,352
Trade creditors	97,903	9,017
Other creditors	8,015,131	7,792,633
Accruals and deferred income	3,000	3,000
	9,995,727	9,375,002

Other loans of £1,879,693 (2024: £1,570,352) are secured by way of fixed and floating charge against the assets of the Company.

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