| Blue Mountain Properties Southern Limited |
| Registered number: |
12159305 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,404,271 |
|
|
1,602,523 |
|
| Current assets |
| Cash at bank and in hand |
|
|
24,647 |
|
|
7,177 |
|
| Creditors: amounts falling due within one year |
3 |
|
(119,578) |
|
|
(129,868) |
|
| Net current liabilities |
|
|
|
(94,931) |
|
|
(122,691) |
|
| Total assets less current liabilities |
|
|
|
2,309,340 |
|
|
1,479,832 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(401,811) |
|
|
(414,485) |
|
| Net assets |
|
|
|
1,907,529 |
|
|
1,065,347 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Investment from parent company |
5 |
|
|
2,112,312 |
|
|
1,129,812 |
| Profit and loss account |
|
|
|
(204,883) |
|
|
(64,565) |
|
| Shareholder's funds |
|
|
|
1,907,529 |
|
|
1,065,347 |
|
|
|
|
|
|
|
|
|
|
| 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 member has 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 been delivered to the Registrar of Companies. |
|
|
|
|
| Mr P K Manaktala |
| Director |
| Approved by the board on 22 August 2025 |
|
| Blue Mountain Properties Southern Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
|
|
Turnover |
|
Turnover represents income for services provided in the period, recognised according to the period of services provided. |
|
|
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: |
|
|
Commercial Premises |
4% reducing balance basis |
|
Equipment, fixtures and fittings |
20% reducing balance basis |
|
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
|
Debtors |
|
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of employees |
0 |
|
0 |
|
| 2 |
Tangible fixed assets |
|
|
|
|
Premises costs |
|
Equipment, fixtures and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
1,572,994 |
|
81,540 |
|
1,654,534 |
|
Additions |
329,094 |
|
598,200 |
|
927,294 |
|
At 31 March 2025 |
1,902,088 |
|
679,740 |
|
2,581,828 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
52,011 |
|
52,011 |
|
Charge for the year |
- |
|
125,546 |
|
125,546 |
|
At 31 March 2025 |
- |
|
177,557 |
|
177,557 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,902,088 |
|
502,183 |
|
2,404,271 |
|
At 31 March 2024 |
1,572,994 |
|
29,529 |
|
1,602,523 |
|
|
The property situated at 6 Fergusson Mews, Off Jeffereys Road, Stockwell, London SW4 6BF |
|
was acquired on the 16 October 2019. The directors are of the opinion that the market value of |
|
the property is £ 1,300,000 according to market research sites. |
|
|
| 3 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' current account |
8,475 |
|
8,475 |
|
Bank loans |
67,956 |
|
85,264 |
|
Related party balance - Blue Mountain Properties Ltd |
43,147 |
|
36,129 |
|
|
|
|
|
|
119,578 |
|
129,868 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
401,811 |
|
414,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Investment from parent company |
2025 |
|
2024 |
| £ |
£ |
|
The company is owed wholly by Blue Mountain Homes Ltd. |
|
|
Investment in Blue Mountain Properties Southern Limited |
2,112,312 |
|
1,129,812 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
The company is controlled by Blue Mountain Homes Ltd. |
|
|
| 6 |
Other information |
|
|
Blue Mountain Properties Southern Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 20-21 Pullman Busines scourt |
|
Mallard Way |
|
Pride Park |
|
Derby |
|
DE24 8GX |