Company Registration No. 09965473 (England and Wales)
Blert Properties Ltd
Unaudited accounts
for the year ended 31 March 2018
Blert Properties Ltd
Unaudited accounts
Contents
Blert Properties Ltd
Company Information
for the year ended 31 March 2018
Directors
Lisa Helene Fraser
Russell Jamie Fraser
Company Number
09965473 (England and Wales)
Registered Office
Churchill House, Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Churchill House, Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Blert Properties Ltd
Statement of financial position
as at 31 March 2018
Investment property
350,000
208,109
Cash at bank and in hand
18,989
3,021
Creditors: amounts falling due within one year
(75,443)
(62,391)
Net current liabilities
(36,704)
(58,546)
Total assets less current liabilities
313,296
149,563
Creditors: amounts falling due after more than one year
(158,233)
(142,099)
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
114,932
-
Profit and loss account
13,072
7,364
Shareholders' funds
128,104
7,464
For the year ending 31 March 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2018.
Russell Jamie Fraser
Director
Company Registration No. 09965473
Blert Properties Ltd
Notes to the Accounts
for the year ended 31 March 2018
Blert Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09965473. The registered office is Churchill House, Suite 301, 120 Bunns Lane, Mill Hill, London, NW7 2AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2017
208,109
Net gain from fair value adjustments
141,891
Accrued income and prepayments
-
824
Blert Properties Ltd
Notes to the Accounts
for the year ended 31 March 2018
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
6,517
6,387
Taxes and social security
1,795
1,841
Loans from directors
56,492
52,662
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
138,483
142,099
The bank loan is secured by way of a fixed charge on the investment property and a floating charge covering all property of the company.
8
Deferred taxation
2018
2017
Revaluation of investment property
26,959
-
Charged to other comprehensive income
26,959
-
Provision at end of year
26,959
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2017: 2).
