Blue House Property Limited - Accounts to registrar (filleted) - small 23.1.2
Blue House Property Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| FOR |
| BLUE HOUSE PROPERTY LIMITED |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BLUE HOUSE PROPERTY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| 21 New Walk |
| Leicester |
| LE1 6TE |
| Bankers: |
| 37-38 High Street |
| Loughborough |
| Leicestershire |
| LE11 2QG |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| BALANCE SHEET |
| 28 FEBRUARY 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | 12 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | 13 |
| Retained earnings | 13 |
| Shareholders' funds |
| 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. |
| 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 |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| 1. | Statutory information |
| Blue House Property Limited is a |
| 2. | Accounting policies |
| Basis of 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| 4. | Tangible fixed assets |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 March 2022 |
| and 28 February 2023 |
| Depreciation |
| At 1 March 2022 |
| Charge for year |
| At 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| 5. | Fixed asset investments |
| Interest |
| in other |
| participating |
| interests |
| £ |
| Cost or valuation |
| At 1 March 2022 | 1,071,123 |
| Additions | 302,698 |
| Revaluations | (300,000 | ) |
| At 28 February 2023 | 1,073,821 |
| Net book value |
| At 28 February 2023 | 1,073,821 |
| At 28 February 2022 | 1,071,123 |
| Cost or valuation at 28 February 2023 is represented by: |
| Interest |
| in other |
| participating |
| interests |
| £ |
| Valuation in 2019 | 2,024,660 |
| Valuation in 2022 | (953,970 | ) |
| Valuation in 2023 | (300,000 | ) |
| Cost | 303,131 |
| 1,073,821 |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 March 2022 |
| and 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| 6. | Investment property - continued |
| Fair value at 28 February 2023 is represented by: |
| £ |
| Valuation in 2004 | 307,494 |
| Valuation in 2016 | 45,811 |
| Valuation in 2018 | 89,880 |
| Cost | 1,342,058 |
| 1,785,243 |
| 7. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Amounts owed by participating interests | 266,178 | 51,769 |
| Other debtors |
| 8. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Taxation and social security |
| Other creditors |
| 9. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans (see note 10) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 10. | Loans |
| An analysis of the maturity of loans is given below: |
| 2023 | 2022 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 894,990 | 894,990 |
| BLUE HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04378574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 |
| 11. | Secured debts |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| 12. | Provisions for liabilities |
| 2023 | 2022 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2022 |
| Provided during year | ( |
) |
| Balance at 28 February 2023 |
| 13. | Reserves |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 March 2022 | 2,762,223 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| At 28 February 2023 | 2,675,099 |