BL Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09355869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

BL Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Ramage

J R Ramage

REGISTERED OFFICE:

Coronation Parade

42 Cannon Lane

Pinner

HA5 1HW

REGISTERED NUMBER:

09355869 (England and Wales)

ACCOUNTANTS:

DVS Chartered Accountants

13 Hillbury Avenue

Kenton

Harrow

Middlesex

HA3 8EP

FIXED ASSETS

Investment property

3

795,000

725,000

CURRENT ASSETS

Debtors

4

220

1,910

Cash at bank

22,597

47,458

22,817

49,368

CREDITORS

Amounts falling due within one year

5

477,438

457,250

NET CURRENT LIABILITIES

(454,621

)

(407,882

)

TOTAL ASSETS LESS CURRENT LIABILITIES

340,379

317,118

CREDITORS

Amounts falling due after more than one year

6

(251,559

)

(257,595

)

PROVISIONS FOR LIABILITIES

(16,136

)

(9,900

)

NET ASSETS

72,684

49,623

CAPITAL AND RESERVES

Called up share capital

99

99

Fair value reserve

7

96,897

61,818

Retained earnings

(24,312

)

(12,294

)

72,684

49,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 September 2018 and were signed on its behalf by:

J R Ramage - Director

1.	STATUTORY INFORMATION

BL Property Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

725,000

Additions

28,685

Revaluations

41,315

At 31 December 2017

795,000

NET BOOK VALUE

At 31 December 2017

795,000

At 31 December 2016

725,000

Fair value at 31 December 2017 is represented by:

£

Valuation in 2015

51,718

Valuation in 2016

20,000

Valuation in 2017

41,315

Cost

681,967

795,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

-

1,310

Other debtors

220

600

220

1,910

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

6,035

5,831

Other creditors

471,403

451,419

477,438

457,250

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans

251,559

257,595

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

231,149

7.

RESERVES

Fair

value

reserve

£

At 1 January 2017

61,818

Transfer for unrealised profit

35,079

At 31 December 2017

96,897

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Victoria Ramage, Helen Ramage and William Ramage.