BLUEFIELDS PROPERTY PORTFOLIO LTD


Director	BENNIE, Simon Sylvester


Registered Address	26b Marston Gardens
	Luton
	LU2 7DU


Registered Number	15217402 (England and Wales)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		413,879		413,879
			413,879		413,879
Current assets
Debtors		100		100
Cash at bank and on hand		1,596		3,256
		1,696		3,356
Creditors amounts falling due within one year	4	(5,828)		(3,012)
Net current assets (liabilities)			(4,132)		344
Total assets less current liabilities			409,747		414,223
Creditors amounts falling due after one year	5		(421,500)		(421,500)
Net assets			(11,753)		(7,277)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(11,853)		(7,377)
Shareholders' funds			(11,753)		(7,277)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 8 October 2026, and are signed on its behalf by:

BENNIE, Simon Sylvester
Director
Registered Company No. 15217402

BLUEFIELDS PROPERTY PORTFOLIO LTD

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property


		£
	Fair value at 01 May 25	413,879
	At 30 April 26	413,879

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Other creditors	4,828	2,012
Accrued liabilities and deferred income	1,000	1,000
Total	5,828	3,012

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	421,500	421,500
Total	421,500	421,500

6.	Related party transactions
	During the year, Bluefields Asset Management Ltd (a company under the common control of Mr. Simon Bennie) lent funds to Bluefields Property Portfolio Ltd, also under the common control of Mr. Bennie. The loan was provided at the HMRC advisory rate of interest. At the reporting date, the outstanding balance was £129,000. The terms of the loan are that is repayable on demand, and interest is charged at the HMRC advisory rate No amounts were written off during the year. No guarantees were provided or received in respect of this loan. The nature of the relationship is that both companies are under the common control of Mr. Simon Bennie.

Related party transactions

During the year, Bluefields Asset Management Ltd (a company under the common control of Mr. Simon Bennie) lent funds to Bluefields Property Portfolio Ltd, also under the common control of Mr. Bennie. The loan was provided at the HMRC advisory rate of interest.

At the reporting date, the outstanding balance was £129,000. The terms of the loan are that is repayable on demand, and interest is charged at the HMRC advisory rate

No amounts were written off during the year. No guarantees were provided or received in respect of this loan.

The nature of the relationship is that both companies are under the common control of Mr. Simon Bennie.