Bluepoint Properties Limited - Filleted accounts

Registered number

02402230

Bluepoint Properties Limited

Unaudited Filleted Accounts

31 May 2025

Bluepoint Properties Limited
Registered number:		02402230
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		915,000			1,155,000

Current assets
Debtors	4	3,479			3,131
Cash at bank and in hand		1,793			5,450
		5,272			8,581

Creditors: amounts falling due within one year	5	(855,377)			(1,100,934)

Net current liabilities			(850,105)			(1,092,353)

Total assets less current liabilities			64,895			62,647


Provisions for liabilities			-			(10,429)


Net assets			64,895			52,218

Capital and reserves
Called up share capital			10,000			10,000
Revaluation reserve	6		-			39,161
Profit and loss account			54,895			3,057

Shareholders' funds			64,895			52,218

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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Edward James Hennessy
Director
Approved by the board on 18 December 2025

Bluepoint Properties Limited
Notes to the Accounts
for the year ended 31 May 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:

	Freehold buildings	No Depreciation
	Fixtures, fittings, tools and equipment	over 4 years

	Investment Property
	Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term 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.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	At Valuation
	At 1 June 2024				1,155,000
	Disposals				(240,000)
	At 31 May 2025				915,000

	Depreciation
	At 31 May 2025				-

	Net book value
	At 31 May 2025				915,000
	At 31 May 2024				1,155,000


	Freehold land and buildings:		2025		2024
£				£
	Historical cost		932,569		1,105,410
	Cumulative depreciation based on historical cost		-		-
			932,569		1,105,410
	During the 2025 yearend the directors carried out a revaluation of the two properties now held by the Company. The estimated current resale values for the properties was established by looking at similar properties for sale in and around their immediate locations. Valuation as at 31st May 2025 is £915,000 (2024: Valuation £1,155,000).

	The combined historic cost value of the two remaining properties was £932,569 (2024: £1,105,410). The properties are not depreciated and any gain or loss under FR102 is now transferred to the profit and loss account as non distributable reserves. In 2015 and prior years any revaluation of the property was transferred to the Revaluation Reserve.

4	Debtors		2025		2024
£				£

	Other debtors		3,479		3,131


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		16,071		309
	Other creditors		839,306		1,100,625
			855,377		1,100,934


6	Revaluation reserve		2025		2024
£				£

	At 1 June 2024		39,161		(5,301)
	(Loss)/gain on revaluation of land and buildings		(39,161)		54,891
	Deferred taxation arising on the revaluation of land and buildings		-		(10,429)

	At 31 May 2025		-		39,161


7	Related party transactions

	None noted that were not at normal market conditions

8	Director Transactions

	During the year the Director used a current account with the company to record amounts due to them and amounts drawn by them. The accounts show an amount owing back to Mr Edward Hennessy as directors as at 31st May 2025 of £837,641.30 (2024: £1,098,136.43). The amount is repayable on demand and does not carry interest.

9	Controlling party

	Edward Hennessy owns 99.99% of the share capital. He is therefore the ultimate controlling party.


10	Other information

	Bluepoint Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Bank
	Beaufort Street
	Crickhowell
	Powys
	NP8 1AD