REGISTERED NUMBER: 13390074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

BLUES PROPERTY KINGSTON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I Purkiss

R W Dring

V Dring

W Lawson

A C McCallum

REGISTERED OFFICE:

98C Hartington Grove

Cambridge

Cambridgeshire

CB1 7UB

REGISTERED NUMBER:

13390074 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

CURRENT ASSETS

Stocks

-

1,445,115

Debtors

5

836,591

101,141

Cash and cash equivalents

995

236

837,586

1,546,492

CREDITORS

Amounts falling due within one year

6

(3,964

)

(872,852

)

NET CURRENT ASSETS

833,622

673,640

TOTAL ASSETS LESS CURRENT LIABILITIES

833,622

673,640

CAPITAL AND RESERVES

Called up share capital

8

110

110

Share premium

774,890

774,890

Retained earnings

58,622

(101,360

)

SHAREHOLDERS' FUNDS

833,622

673,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

I Purkiss - Director

1.	STATUTORY INFORMATION

Blues Property Kingston 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stock is valued at the lower of cost and net realisable value.

Stock comprises land and development properties, work in progress, and completed properties held for sale. Land and development properties include properties acquired for development and resale, with cost comprising the purchase price, directly attributable acquisition costs, development costs incurred to date, and borrowing costs where applicable. Work in progress includes properties under construction, with cost including construction costs, direct labour, attributable overheads, and borrowing costs directly attributable to the construction of the asset. Completed properties held for sale include properties completed but unsold at the year-end, which are stated at the lower of cost and net realisable value.

Net realisable value is based on the estimated selling price in the ordinary course of business less further costs expected to complete and sell the property. The carrying amount of stock is reviewed at each reporting date for indications of impairment. If such indications exist, an impairment loss is recognised in the profit and loss account.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

311,469

99,135

Other debtors

525,122

2,006

836,591

101,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

854,010

Trade creditors

1,781

16,842

Other creditors

2,183

2,000

3,964

872,852

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

854,010

The bank loan is secured by way of a fixed charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary C

£1

10

10

100

100

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary C

£1

10

10

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £311,469 (2024: £99,135) from its parent company. The amount bears no interest, is repayable on demand and included within debtors due in less than one year.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Blues Property Limited.