| Blinkbox Properties Management Ltd |
| Registered number: |
09482310 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,089,672 |
|
|
1,099,702 |
|
| Current assets |
| Debtors |
4 |
|
3,375 |
|
|
140,566 |
| Cash at bank and in hand |
|
|
70 |
|
|
1,453 |
|
|
|
3,445 |
|
|
142,019 |
|
| Creditors: amounts falling due within one year |
5 |
|
(172,140) |
|
|
(25,181) |
|
| Net current (liabilities)/assets |
|
|
|
(168,695) |
|
|
116,838 |
|
| Total assets less current liabilities |
|
|
|
920,977 |
|
|
1,216,540 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(212,156) |
|
|
(503,820) |
|
|
|
| Net assets |
|
|
|
708,821 |
|
|
712,720 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Revaluation reserve |
8 |
|
|
680,000 |
|
|
680,000 |
| Profit and loss account |
|
|
|
28,820 |
|
|
32,719 |
|
| Shareholder's funds |
|
|
|
708,821 |
|
|
712,720 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges her 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 not been delivered to the Registrar of Companies. |
|
|
|
|
| H M Evans |
| Director |
| Approved by the board on 29 December 2025 |
|
| Blinkbox Properties Management Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
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: |
|
|
Land and freehold buildings - construction work |
5% reducing balance method |
|
Fixtures, fittings, tools and equipment |
25% reducing balance 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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Fixtures, fittings and equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
440,820 |
|
23,141 |
|
680,000 |
|
1,143,961 |
|
At 31 March 2025 |
440,820 |
|
23,141 |
|
680,000 |
|
1,143,961 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
27,807 |
|
16,452 |
|
- |
|
44,259 |
|
Charge for the year |
8,358 |
|
1,672 |
|
- |
|
10,030 |
|
At 31 March 2025 |
36,165 |
|
18,124 |
|
- |
|
54,289 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
404,655 |
|
5,017 |
|
680,000 |
|
1,089,672 |
|
At 31 March 2024 |
413,013 |
|
6,689 |
|
680,000 |
|
1,099,702 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
245,855 |
|
245,855 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
245,855 |
|
245,855 |
|
"The investment properties were revalued in 2018 and they were valued at £680,000.
The freehold investment properties were valued by Bradstowe Chartered Surveyors and the bases of the valuations were that the properties were modern mid terraced and end of terrace houses and they have been constructed and completed in 2018. They have been let on Assured Shorthold Tenancies" |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
1,892 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
2,422 |
|
130,912 |
|
Deferred tax asset |
|
|
|
|
953 |
|
1,914 |
|
Other debtors |
- |
|
5,848 |
|
|
|
|
|
|
3,375 |
|
140,566 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
13,737 |
|
21,550 |
|
Trade creditors |
2,138 |
|
2,138 |
|
Taxation and social security costs |
- |
|
(1,185) |
|
Directors accounts |
154,080 |
|
(2,854) |
|
Other creditors |
2,185 |
|
5,532 |
|
|
|
|
|
|
172,140 |
|
25,181 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
178,603 |
|
468,660 |
|
Other creditors |
33,553 |
|
35,160 |
|
|
|
|
|
|
212,156 |
|
503,820 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
192,329 |
|
377,110 |
|
|
|
|
|
|
|
|
|
|
The land purchased together with the remaining investment residential properties constructed, are held as security against the bank loans. |
|
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
680,000 |
|
680,000 |
|
|
At 31 March 2025 |
680,000 |
|
680,000 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
During the year, the company provided loan of £2,422 (2024: £130,912) to Minster Services Retail Park Ltd, a company controlled by the director. |
|
|
| 10 |
Controlling party |
|
|
The director controls the company by virtue of a 100% controlling interest on the basis of the ownership of the issued ordinary shares of the company. |
|
|
| 11 |
Other information |
|
|
Blinkbox Properties Management Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Blinkbox Business Complex |
|
Western Road |
|
Deal |
|
Kent |
|
CT14 6PJ |