Blenheim Land & Properties Ltd - Accounts to registrar (filleted) - small 18.2
Blenheim Land & Properties Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st August 2020 |
for |
Blenheim Land & Properties Ltd |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Contents of the Financial Statements |
for the Year Ended 31st August 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Blenheim Land & Properties Ltd |
Company Information |
for the Year Ended 31st August 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
Market Square |
Congleton |
Cheshire |
CW12 1ET |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Abridged Balance Sheet |
31st August 2020 |
31/8/20 | 31/8/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings |
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. |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Abridged Balance Sheet - continued |
31st August 2020 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Notes to the Financial Statements |
for the Year Ended 31st August 2020 |
1. | STATUTORY INFORMATION |
Blenheim Land & Properties Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The directors have considered the potential impact of COVID-19 on the principal activities of the business and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. |
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 |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, and directors' loans. |
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors' loans (being payable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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. |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2020 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st September 2019 |
Additions |
At 31st August 2020 |
DEPRECIATION |
At 1st September 2019 |
and 31st August 2020 |
NET BOOK VALUE |
At 31st August 2020 |
At 31st August 2019 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31/8/20 | 31/8/19 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr | 6,652 | - |
Blenheim Land & Properties Ltd (Registered number: 04715948) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2020 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/8/20 | 31/8/19 |
£ | £ |
Bank loans |
7. | RELATED PARTY DISCLOSURES |
Included within Management charges receivable is £56,245 due from Ecclesfield 35 Ltd. |
Included within debtors is £1,679,855 due from Ecclesfield 35 Ltd and in creditors due within 1 year is £666,604 due to S11 Developments Ltd. |
8. | POST BALANCE SHEET EVENTS |
In March 2021 funding of £31.5m was agreed with Fortwell Capital Limited. |
9. | PARENT COMPANY |
Hatfield & Anderson Ltd is the immediate and ultimate parent company. |
10. | COVID-19 |
During the year the UK continued to be impacted by the outbreak of COVID-19. In order to manage the spread of the virus the Government has imposed significant restrictions on the movement of people and the ability of businesses to continue to trade. |
The Directors acknowledge the increasing risk from COVID-19 and have sought to mitigate their risk by carrying out a thorough review of the business as discussed below: |
Government assistance |
The business has taken advantage of the government grants and furloughing scheme whereby the company has furloughed 3 staff members which has resulted in the reduction of the wage cost. |
The business has also received a government grant of £10,000. |
Coronavirus bounce back loan |
During the year the company received a coronavirus bounce back loan to help support the continuation of the business. |