Blue Door Properties (BDP) Limited
Blue Door Properties (BDP) Limited
Registered number: 12412383
Unaudited Financial Statements
For The Year Ended
31 January 2022
Blue Door Properties (BDP) Limited
Unaudited Financial Statements
For The Year Ended
31 January 2022
Unaudited Financial Statements
Contents | |
Page | |
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Accountant's Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3—5 |
Blue Door Properties (BDP) Limited
Accountant's Report
For The Year Ended
31 January 2022
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of
Blue Door Properties (BDP) Limited
For The Year Ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
Blue Door Properties (BDP) Limited
For The Year Ended 31 January 2022 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of
Blue Door Properties (BDP) Limited
, as a body, in accordance with the terms of our engagement letter dated 20th December 2021. Our work has been undertaken solely to prepare for your approval the accounts of
Blue Door Properties (BDP) Limited
and state those matters that we have agreed to state to the directors of
Blue Door Properties (BDP) Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Blue Door Properties (BDP) Limited
and its directors, as a body, for our work or for this report.
It is your duty to ensure that
Blue Door Properties (BDP) Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Blue Door Properties (BDP) Limited
. You consider that
Blue Door Properties (BDP) Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
Blue Door Properties (BDP) Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed |
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Chartered Accountants
Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Blue Door Properties (BDP) Limited
Balance Sheet
As at
31 January 2022
Balance Sheet
Registered number:
12412383
For the year ending 31 January 2022 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
31 January 2022 | 31 January 2021 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 3 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
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NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (5,694) | (3,545) | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Blue Door Properties (BDP) Limited
Notes to the Financial Statements
For The Year Ended
31 January 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
1.2.
Going Concern Disclosure
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover 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.
1.4.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
1.5.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
1.6.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Blue Door Properties (BDP) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2022
1.7.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
1.8.
Illegal Dividends
At the time the dividend was paid, the directors' were not aware that there were insufficient profits available for distribution and the directors' acknowledge that not further distributions can be made until there are sufficient profits available for that purpose.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 2)
3.
Debtors
31 January 2022 | 31 January 2021 | ||
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£ | £ | ||
Due within one year | |||
Other debtors | 59,617 | 58,010 | |
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4.
Creditors: Amounts Falling Due Within One Year
31 January 2022 | 31 January 2021 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Other creditors | 31,343 | 21,964 | |
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5.
Creditors: Amounts Falling Due After More Than One Year
31 January 2022 | 31 January 2021 | ||
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£ | £ | ||
Bank loans |
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7.
Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
Blue Door Properties (BDP) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2022
8.
Related Party Transactions
The following related party transactions were undertaken during the year:
The directors' of the company introduced amounts totalling £5,206 (2021: £14,614) and withdrew amounts totalling £14,086 (2021: £NIL). As at the balance sheet date the amount payable was £5,735 (2021: £14,614).
A company under common control was loaned amounts totalling £3,848 (2021: £56,960) and was repaid amounts totalling £8,512 (2021: £7,500). At the balance sheet date the amount receivable was £44,796 (2021: £49,460).
Dividends were paid to the directors in respect of their shareholdings totalling £1,901 (2021: NIL).
The aggregate remuneration paid to key management personnel for the year was £NIL (2021: £Nil).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
9.
General Information
Blue Door Properties (BDP) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12412383
. The registered office is 94 Childwall Valley Road, Liverpool, L16 4PF.