REGISTERED NUMBER: 05121708 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bluewater Assets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M K Patel

Mr P K Patel

SECRETARY:

Mr P K Patel

REGISTERED OFFICE:

5 Morris Fold Drive

Lostock

Bolton

BL6 4DZ

REGISTERED NUMBER:

05121708 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,433

1,686

Investment property

5

970,000

1,260,000

971,433

1,261,686

CURRENT ASSETS

Debtors

6

214,361

136,364

Cash at bank

8,791

24,078

223,152

160,442

CREDITORS

Amounts falling due within one year

7

142,345

159,795

NET CURRENT ASSETS

80,807

647

TOTAL ASSETS LESS CURRENT LIABILITIES

1,052,240

1,262,333

CREDITORS

Amounts falling due after more than one year

8

1,008,200

998,170

NET ASSETS

44,040

264,163

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,940

264,063

SHAREHOLDERS' FUNDS

44,040

264,163

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 November 2025 and were signed on its behalf by:

Mr M K Patel - Director

Mr P K Patel - Director

1.	STATUTORY INFORMATION

Bluewater Assets 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

7,119

DEPRECIATION

At 1 April 2024

5,433

Charge for year

253

At 31 March 2025

5,686

NET BOOK VALUE

At 31 March 2025

1,433

At 31 March 2024

1,686

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,260,000

Revaluations

(290,000

)

At 31 March 2025

970,000

NET BOOK VALUE

At 31 March 2025

970,000

At 31 March 2024

1,260,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2009

(93,365

)

Valuation in 2010

(164,000

)

Valuation in 2011

(86,000

)

Valuation in 2012

(15,000

)

Valuation in 2015

(425,000

)

Valuation in 2018

75,000

Valuation in 2019

50,000

Valuation in 2024

(40,000

)

Valuation in 2025

(290,000

)

Cost

1,958,365

970,000

Investment property comprises three properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 March 2025 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices of similar properties..

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

(500

)

-

Other debtors

214,861

136,364

214,361

136,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

107,137

107,137

Trade creditors

2

(2

)

Taxation and social security

676

3,465

Other creditors

34,530

49,195

142,345

159,795

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

705,748

748,630

Amounts owed to associates

288,100

232,410

Other creditors

14,352

17,130

1,008,200

998,170

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

812,885

855,767

Skipton Building Society loans are secured with charge deeds on Four Bouys Pub, the Platt Wadesbridge, Cornwall and 14 Town End, Ossett, W Yorkshire.