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Registered number: 07365480






Blakes Management Limited


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024
























Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024





DIRECTORS
M C Nguyen (Resigned on 1 August 2024)
A G J Olivero
Nguyen Phan Thuy ANH (Appointed on 1 August 2024)


REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07365480



ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 December 2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	2		3,553,327		4,396,020

CURRENT ASSETS
Stock	3	52,416		52,416
Debtors	4	2,346,110		2,235,447
Cash at bank and in hand		47,782		29,044
		2,446,308		2,316,907
CREDITORS: Amounts falling due within one year	5	2,060,374		2,066,273
NET CURRENT ASSETS			385,934		250,634
TOTAL ASSETS LESS CURRENT LIABILITIES			3,939,261		4,646,654


CREDITORS: Amounts falling due after more than one year	6		14,688,130		14,040,173



NET LIABILITIES			(10,748,869)		(9,393,519)

CAPITAL AND RESERVES

Called up share capital	8		2		2
Profit and loss account			(10,748,871)		(9,393,521)
SHAREHOLDERS' FUNDS			(10,748,869)		(9,393,519)

For the year ending 31 December 2024 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 19 December 2025 and signed on their behalf by



.............................
A G J Olivero
Director


1c. Depreciation
Short leasehold improvements, fixtures, fittings and equipment are stated at costs less accumulated depreciation. Cost compromises the aggregate amount paid to acquire the asset and includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short Leasehold Properties		straight line20%
Fixtures And Fittings		reducing balance10%
Equipment		reducing balance20%


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Going Concern
At the balance sheet date, the company had net liabilities of £10,748,869. However, included in creditors due after more than one year were amounts owed to the parent company of £14,038,130. With the continued support of the parent company, the directors believe the company to be a going concern.


1d. Stocks
Stocks are valued at the lower of cost and net realisable value. Costs includes all costs incurred in bringing each product to its present location and condition and are accounted for on a first in, first out basis.


1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.


1f. Tax And Deferred Taxation
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that it is not probable that they will be recovered against the reversal of deferred tax liabilities or other future profits. Deferred tax assets and liabilities recognised have not been discounted.


1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.


1h. Statutory Information
Blakes Management Limited is a private limited company incorporated in England and Wales. The company's registered number is 07365480 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.


1i. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.


2. TANGIBLE FIXED ASSETS

	Short Leasehold	Fixtures
	Properties	and Fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	9,244,236	1,255,860	126,748	10,626,844
At 31 December 2024	9,244,236	1,255,860	126,748	10,626,844
Depreciation
At 1 January 2024	5,235,822	890,741	104,261	6,230,824
For the year	801,683	36,512	4,498	842,693
At 31 December 2024	6,037,505	927,253	108,759	7,073,517
Net Book Amounts
At 31 December 2024	3,206,731	328,607	17,989	3,553,327
At 31 December 2023	4,008,414	365,119	22,487	4,396,020


3. STOCK	2024	2023
	£	£
Stock comprises:

Stock	52,416	52,416
	52,416	52,416


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Taxation & other social security	-	4,271
Trade creditors	1,711,646	1,761,352
Other creditors	143,527	88,384
Accruals	205,201	212,266
	2,060,374	2,066,273


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Other creditors	650,000	650,000
Due to group companies >1yr	14,038,130	13,390,173
	14,688,130	14,040,173


7. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	1	15


8. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1.00 each	2	2
	2	2


4. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	1,126	1,124
Other debtors	43,305	62,992
Prepayments	93,777	122,510
Deferred taxation	2,207,902	2,048,821
	2,346,110	2,235,447


9. PRIOR PERIOD ADJUSTMENT
The company had previously capitalised costs in the amount of £758,223 which it considers should have been expenses. Consequently it has adjusted the comparative figures to show this amount in the Statement of comprehensive, as expenses. This with the subsequent reduction in related depreciation, of £151,644 has increased the brought forward deficit on the Profit and Loss account reserve by £606,579.


10. CONTROLLING PARTY
There was no controlling party throughout the year.