REGISTERED NUMBER: 13473946 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2025

FOR

BLUES PROPERTY FD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I Purkiss

S J L Purkiss

J L Snedeker

REGISTERED OFFICE:

98C Hartington Grove

Cambridge

Cambridgeshire

CB1 7UB

REGISTERED NUMBER:

13473946 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Investment property

5

401,636

401,636

CURRENT ASSETS

Stocks

68,621

-

Debtors

6

25,216

561,141

Cash and cash equivalents

6,795

824

100,632

561,965

CREDITORS

Amounts falling due within one year

7

(523,215

)

(963,877

)

NET CURRENT LIABILITIES

(422,583

)

(401,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,947

)

(276

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(21,047

)

(376

)

SHAREHOLDERS' FUNDS

(20,947

)

(276

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 FD 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.

At the balance sheet date current liabilities exceeded current assets by £20,947 (2024: £276). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Work in progress

Work in progress comprises costs incurred in relation to property development projects which are not complete at the reporting date.

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost includes all direct costs of development and an appropriate proportion of directly attributable overheads, including land acquisition costs, construction and development expenditure and professional fees.

Such costs are recognised as work in progress when incurred and are expensed to profit or loss as cost of sales when the related property is sold.

At each reporting date, work in progress is reviewed for impairment and written down to net realisable value where necessary.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 June 2024

and 29 June 2025

401,636

NET BOOK VALUE

At 29 June 2025

401,636

At 29 June 2024

401,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

2,428

2,428

Other debtors

22,788

558,713

25,216

561,141

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to associates

56,425

38,500

Other creditors

466,790

925,377

523,215

963,877

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date £295,265 (2024: £612,148) was owed to companies under common control. The amount is disclosed as £56,425 (2024: £38,500) owed to associates and £238,840 (2024: £573,648) in accrued costs. The amounts bear no interest, are payable on demand and are included within creditors due in less than one year.

At the balance sheet date companies under common control owed the company £2,428 (2024: £nil). The amounts bear no interest, are payable on demand and are included in debtors due in less than one year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Purkiss.