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REGISTERED NUMBER: 01583637 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED (REGISTERED NUMBER: 01583637)

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED

Company Information

for the year ended 31 December 2025

| DIRECTORS: | Ms L J Morgan

| Mr D A Browne

| Mr A C Deptford

| Mr A Hill

| Mr P Ballardini

| SECRETARY: | Mr M Sroczynski

| REGISTERED OFFICE: | 43 Clapham Common

| North Side

| London

| SW4 0AA

| REGISTERED NUMBER: | 01583637 (England and Wales)

| ACCOUNTANTS: | Thorne Lancaster Parker

| 5th Floor

| Palladium House

| 1-4 Argyll Street

| London

| W1F 7TA

| BANKERS: | Metro Bank Plc

| One Southampton Row

| London

| WC1B 5HA

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED (REGISTERED NUMBER: 01583637)

Statement of Financial Position

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 5 | 65,099 |  | 67,093 |  |

CURRENT ASSETS

Debtors | 6 | 4,188 |  | 3,789 |  |

Cash at bank | 19,520 |  | 17,997 |  |

23,708 |  | 21,786 |  |

CREDITORS

Amounts falling due within one year | 7 | (71,138 | ) | (71,137 | ) |

NET CURRENT LIABILITIES | (47,430 | ) | (49,351 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,669 |  | 17,742 |  |

CAPITAL AND RESERVES

Called up share capital | 9,000 |  | 9,000 |  |

General building reserve | 8,669 |  | 8,742 |  |

SHAREHOLDERS' FUNDS | 17,669 |  | 17,742 |  |

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

Mr D A Browne - Director

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED (REGISTERED NUMBER: 01583637)

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Blue Island Residents Association Limited 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Revenue

| Revenue represents contributions due from the flat owners towards the cost of maintenance and administration of 43 Clapham Common, Northside, London.

| Depreciation

| Depreciation is provided on tangible fixed assets, at rates estimated to write off the cost of each asset over its expected useful life as follows:

| Improvement to building - 1% on cost

| Financial instruments

| Basic financial assets

| Cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Basic financial liabilities

| Trade and other creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

| Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED (REGISTERED NUMBER: 01583637)

Notes to the Financial Statements - continued

for the year ended 31 December 2025

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

5. | PROPERTY, PLANT AND EQUIPMENT

| Improvement

| to

| building

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 199,391 |  |

| DEPRECIATION

| At 1 January 2025 | 132,298 |  |

| Charge for year | 1,994 |  |

| At 31 December 2025 | 134,292 |  |

| NET BOOK VALUE

| At 31 December 2025 | 65,099 |  |

| At 31 December 2024 | 67,093 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Prepayments and accrued income | 4,188 |  | 3,789 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1 |  | - |  |

| Other creditors | 21,397 |  | 21,397 |  |

| Directors' loan accounts | 48,000 |  | 48,000 |  |

| Accruals and deferred income | 1,740 |  | 1,740 |  |

71,138 |  | 71,137 |  |

BLUE ISLAND RESIDENTS ASSOCIATION

LIMITED (REGISTERED NUMBER: 01583637)

Notes to the Financial Statements - continued

for the year ended 31 December 2025

8. | FINANCIAL INSTRUMENTS

| The company has the following financial instruments: |  |

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Financial liabilities measured at amortised cost:- |  |

| - Trade creditors |  |  | 1 |  | - |  |

| - Other creditors |  |  | 21,397 |  | 21,397 |  |

| - Directors' loan accounts |  |  | 48,000 |  | 48,000 |  |

| - Accruals and deferred income |  |  | 1,740 |  | 1,740 |  |

|  | 71,138 |  | 71,137 |  |