REGISTERED NUMBER: 10845705 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Bluewater Property Dev Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C N E Elias

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

10845705 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Investment property

4

500,000

900,000

CURRENT ASSETS

Debtors

5

96,978

106,610

Cash at bank and in hand

9,100

10,047

106,078

116,657

CREDITORS

Amounts falling due within one year

6

74,806

157,948

NET CURRENT ASSETS/(LIABILITIES)

31,272

(41,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

531,272

858,709

CREDITORS

Amounts falling due after more than one year

7

(324,047

)

(623,284

)

PROVISIONS FOR LIABILITIES

9

(44,624

)

(53,782

)

NET ASSETS

162,601

181,643

CAPITAL AND RESERVES

Called up share capital

10

10

10

Fair value reserve

11

190,242

229,284

Retained earnings

11

(27,651

)

(47,651

)

SHAREHOLDERS' FUNDS

162,601

181,643

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th December 2025 and were signed by:

Mrs C N E Elias - Director

1.	STATUTORY INFORMATION

Bluewater Property Dev 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.

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 as modified by the revaluation of certain assets.

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

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

900,000

Disposals

(400,000

)

At 31st March 2025

500,000

NET BOOK VALUE

At 31st March 2025

500,000

At 31st March 2024

900,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2021

180,866

Valuation in 2023

102,200

Valuation in 2025

(48,200

)

Cost

265,134

500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed by group undertakings

87,593

87,631

Other debtors

9,385

18,979

96,978

106,610

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts (see note 8)

832

838

Taxation and social security

16,084

9,904

Other creditors

57,890

147,206

74,806

157,948

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 8)

324,047

623,284

31/3/25

31/3/24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

320,372

618,745

Repayable by instalments

Bank loans more 5 yr by instal

347

1,187

8.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due within one year or on demand:

Bank loans

832

838

Other loans

54,861

144,197

55,693

145,035

Amounts falling due between one and two years:

Bank loans - 1-2 years

832

838

Amounts falling due between two and five years:

Bank loans - 2-5 years

2,496

2,514

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

320,372

618,745

Repayable by instalments

Bank loans more 5 yr by instal

347

1,187

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

44,624

53,782

Deferred

tax

£

Balance at 1st April 2024

53,782

Utilised during year

(9,158

)

Balance at 31st March 2025

44,624

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

10

Ordinary Shares

£1

10

10

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2024

(47,651

)

229,284

181,633

Profit for the year

20,000

20,000

Revaluation Disposal

-

(39,042

)

(39,042

)

At 31st March 2025

(27,651

)

190,242

162,591