Blues Property Fitzwilliam Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14404348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

BLUES PROPERTY FITZWILLIAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Purkiss

REGISTERED OFFICE:

98c Hartington Grove

Cambridge

Cambridgeshire

CB1 7UB

REGISTERED NUMBER:

14404348 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

CURRENT ASSETS

Stocks

1,076,417

3,287,851

Debtors

5

262,019

18,207

Cash and cash equivalents

47,922

7,907

1,386,358

3,313,965

CREDITORS

Amounts falling due within one year

6

(525,969

)

(3,045

)

NET CURRENT ASSETS

860,389

3,310,920

TOTAL ASSETS LESS CURRENT LIABILITIES

860,389

3,310,920

CREDITORS

Amounts falling due after more than one
year

7

-

(2,793,007

)

NET ASSETS

860,389

517,913

CAPITAL AND RESERVES

Called up share capital

9

100

Share premium

899,955

Retained earnings

(39,666

)

(382,142

)

SHAREHOLDERS' FUNDS

860,389

517,913

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

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

The director acknowledges his 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 director and authorised for issue on 29 July 2026 and were signed by:

I Purkiss - Director

1.	STATUTORY INFORMATION

Blues Property Fitzwilliam 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.

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.

Turnover represents the proceeds from the sale of completed development properties in the ordinary course of business.

Revenue is recognised when control of the property has transferred to the purchaser, which is generally the date of legal completion, and when the amount of revenue can be measured reliably and economic benefits associated with the transaction are expected to flow to the company.

No revenue is recognised in respect of properties under development until a sale has completed.

Stocks

Work in progress represents costs incurred in respect of property development projects which were ongoing at the balance sheet date. These include direct costs of land acquisition (where completed), construction, planning, legal, and professional services that are directly attributable to the development of the respective sites.

The directors consider that the carrying value of work in progress and stock is supported by the net realisable value of the underlying projects, based on the latest available development appraisals and market evidence.

No provision for impairment has been deemed necessary as at the reporting date.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

£

Trade debtors

11,993

-

Amounts owed by associates

-

9,289

Other debtors

250,026

8,918

262,019

18,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,812

2,100

Amounts owed to associates

303,180

-

Other creditors

220,977

945

525,969

3,045

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

-

2,793,007

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loan

-

2,793,006

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

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

55

Ordinary A

£1

55

15

Ordinary B

£1

15

10

Ordinary C

£1

10

Ordinary D

£1

10

5

Ordinary E

£1

5

Ordinary F

£1

5

100

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £303,180 (2024: £9,289 receivable) to companies under common control. The amount is unsecured, interest-free, repayable on demand, and included within creditors due within one year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Purkiss.

12.	DEFERRED TAX ASSET NOT RECOGNISED

A deferred tax asset of £9,827 (2024: £95,446) relating to carried forward trading losses has not been recognised, as recovery of the asset is dependent upon the generation of future taxable profits, the timing and extent of which remain uncertain.