Blue Square Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05291065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BLUE SQUARE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D L Butcher

R A Sharp

REGISTERED OFFICE:

The Glassmill

1 Battersea Bridge Road

London

SW11 3BZ

REGISTERED NUMBER:

05291065 (England and Wales)

ACCOUNTANTS:

Geo. Little, Sebire & Co.

Oliver House

23 Windmill Hill

Enfield

EN2 7AB

FIXED ASSETS

Investment property

3

460,000

504,017

CURRENT ASSETS

Debtors

4

10,599

5,866

Cash at bank

13,102

1,365

23,701

7,231

CREDITORS

Amounts falling due within one year

5

144,205

154,329

NET CURRENT LIABILITIES

(120,504

)

(147,098

)

TOTAL ASSETS LESS CURRENT LIABILITIES

339,496

356,919

CREDITORS

Amounts falling due after more than one year

6

207,500

217,500

NET ASSETS

131,996

139,419

CAPITAL AND RESERVES

Called up share capital

228,000

228,000

Retained earnings

(96,004

)

(88,581

)

131,996

139,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2018 and were signed on its behalf by:

R A Sharp - Director

1.	STATUTORY INFORMATION

Blue Square Properties 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 April 2017

504,017

Revaluations

(44,017

)

At 31 March 2018

460,000

NET BOOK VALUE

At 31 March 2018

460,000

At 31 March 2017

504,017

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

(44,017

)

Cost

504,017

460,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

10,599

3,571

Other debtors

-

2,295

10,599

5,866

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

135,000

149,665

Trade creditors

1,261

1,261

Taxation and social security

6,551

2,010

Other creditors

1,393

1,393

144,205

154,329

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

207,500

217,500