Bleu Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05216620 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Bleu Properties Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A D Wormald

REGISTERED OFFICE:

Suite 1 Buttershaw Works

Buttershaw Lane

Bradford

West Yorkshire

BD6 2DD

REGISTERED NUMBER:

05216620 (England and Wales)

ACCOUNTANTS:

Thompsons

19 East Parade

Harrogate

North Yorkshire

HG1 5LF

CURRENT ASSETS

Stocks

5

10,094,715

10,094,715

Debtors

6

133,556

72,825

Cash at bank and in hand

106,569

102,258

10,334,840

10,269,798

CREDITORS

Amounts falling due within one year

7

972,628

984,856

NET CURRENT ASSETS

9,362,212

9,284,942

TOTAL ASSETS LESS CURRENT LIABILITIES

9,362,212

9,284,942

CREDITORS

Amounts falling due after more than one year

8

7,134,937

7,427,660

NET ASSETS

2,227,275

1,857,282

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,227,273

1,857,280

SHAREHOLDERS' FUNDS

2,227,275

1,857,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 August 2019 and were signed by:

A D Wormald - Director

1.	STATUTORY INFORMATION

Bleu Properties 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

The total turnover of the company has been obtained from property sales, rents and management fees earned

wholly in the UK .

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2018

and 28 February 2019

19,361

550

19,911

DEPRECIATION

At 1 March 2018

and 28 February 2019

19,361

550

19,911

NET BOOK VALUE

At 28 February 2019

-

-

-

At 28 February 2018

-

-

-

5.

STOCKS

28.2.19 28.2.18

Trading Properties at Cost 10,094,715 10,094,715

The replacement and the net realisable values of the stock, based on the market value at the year end , as assessed

by external experts, have been reviewed by the director at £16,934,050 (2018: £15,500,000.)

The company has registered legal mortgages on its trading property at companies house in favour of Svenska

Handelsbanken AB(PUBL).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

133,556

72,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts

661,826

738,986

Trade creditors

23,244

9,822

Taxation and social security

90,489

72,872

Other creditors

197,069

163,176

972,628

984,856

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans

7,134,937

7,427,660

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,159,937

5,452,660

9.	ULTIMATE CONTROLLING PARTY

At the year end, the company was a wholly owned subsidiary of ADW Holdings Ltd, a company registered in

England and Wales. The whole group is deemed to be ultimately controlled by A D Wormald, director, by virtue

of his majority shareholding in the ultimate parent company.