Blues Property Levada 2 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08713699 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2018

FOR

BLUES PROPERTY LEVADA 2 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S B Moore

I Purkiss

REGISTERED OFFICE:

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

REGISTERED NUMBER:

08713699 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

CURRENT ASSETS

Stocks

-

1,631,691

Debtors

4

110,747

406,475

Cash at bank

32,420

724

143,167

2,038,890

CREDITORS

Amounts falling due within one year

5

(122,714

)

(1,804,198

)

NET CURRENT ASSETS

20,453

234,692

TOTAL ASSETS LESS CURRENT LIABILITIES

20,453

234,692

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

20,353

234,592

SHAREHOLDERS' FUNDS

20,453

234,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2018 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 1 November 2018 and were signed on its behalf by:

I Purkiss - Director

S B Moore - Director

1.	STATUTORY INFORMATION

Blues Property Levada 2 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of properties and development fees charged.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

110,747

406,475

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

597,160

Trade creditors

-

1,200

Taxation and social security

62,714

-

Other creditors

60,000

1,205,838

122,714

1,804,198

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

-

597,160

The bank loan in other creditors is secured by a fixed charge over the property in development.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2018 and

30 March 2017:

2018

2017

£

£

S B Moore

Balance outstanding at start of year

(110,000

)

-

Amounts advanced

153,658

-

Amounts repaid

-

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

43,658

(110,000

)

9.	ULTIMATE CONTROLLING PARTY

The company is under the control by the directors, My I Purkiss and Mr S Moore.