Bleu Properties Ltd - Accounts to registrar (filleted) - small 18.2
Bleu Properties Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 February 2020 |
| for |
| Bleu Properties Ltd |
| Bleu Properties Ltd (Registered number: 05216620) |
| Contents of the Financial Statements |
| for the Year Ended 29 February 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Bleu Properties Ltd |
| Company Information |
| for the Year Ended 29 February 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 19 East Parade |
| Harrogate |
| North Yorkshire |
| HG1 5LF |
| Bleu Properties Ltd (Registered number: 05216620) |
| Statement of Financial Position |
| 29 February 2020 |
| 29.2.20 | 28.2.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Bleu Properties Ltd (Registered number: 05216620) |
| Statement of Financial Position - continued |
| 29 February 2020 |
| 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 and authorised for issue on |
| Bleu Properties Ltd (Registered number: 05216620) |
| Notes to the Financial Statements |
| for the Year Ended 29 February 2020 |
| 1. | STATUTORY INFORMATION |
| Bleu Properties Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 . |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 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 |
| Bleu Properties Ltd (Registered number: 05216620) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2019 |
| Additions |
| Revaluations |
| Reclassification/transfer |
| At 29 February 2020 |
| DEPRECIATION |
| At 1 March 2019 |
| and 29 February 2020 |
| NET BOOK VALUE |
| At 29 February 2020 |
| At 28 February 2019 |
| Cost or valuation at 29 February 2020 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2020 | 7,032,785 | - | 7,032,785 |
| Cost | 10,164,715 | 19,911 | 10,184,626 |
| 17,197,500 | 19,911 | 17,217,411 |
| If Freehold properties had not been revalued they would have been included at the following historical cost: |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Cost | 10,164,715 | - |
| Freehold properties were valued on an open market basis on 20 March 2020 by Allsop LLP Leeds LS1 2JB . |
| This has resulted in the reclassification of residential property from stock to freehold in the financial statements. |
| 5. | STOCKS |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Trade debtors |
| Bleu Properties Ltd (Registered number: 05216620) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 5,731,916 | 5,159,937 |
| 9. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 March 2019 | 2,227,273 |
| Profit for the year |
| Freehold property | - | 5,696,556 | 5,696,556 |
| At 29 February 2020 | 8,356,774 |
| 10. | 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. |