Blue Property Maintenance UK Limited 30/04/2018 iXBRL

BLUE PROPERTY MAINTENANCE UK LIMITED - Company Information

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Statement of consent to prepare abridged financial statements

All of the members of Blue Property Maintenance UK Limited have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

Company registration number: 06222876

Blue Property Maintenance UK Limited

Unaudited filleted abridged financial statements

30 April 2018

Blue Property Maintenance UK Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Blue Property Maintenance UK Limited

Directors and other information


	Directors	Mr P D Evans
		Mrs J E Evans


	Company number	06222876


	Registered office	3 East Circus Street
		Nottingham
		NG1 5AF


	Business address	3 East Circus Street
		Nottingham
		NG1 5AF


	Accountants	Higson & Co
		White House
		Wollaton Street
		Nottingham
		NG1 5GF




	Bankers	Barclays Bank Plc
		Nottingham High Street Branch
		2 High Street
		Nottingham
		NG1 2EN

Blue Property Maintenance UK Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Blue Property Maintenance UK Limited

Year ended 30 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Property Maintenance UK Limited for the year ended 30 April 2018 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the board of directors of Blue Property Maintenance UK Limited, as a body, in accordance with the terms of our engagement letter dated 4 October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Property Maintenance UK Limited and state those matters that we have agreed to state to the board of directors of Blue Property Maintenance UK Limited as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Property Maintenance UK Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Blue Property Maintenance UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blue Property Maintenance UK Limited. You consider that Blue Property Maintenance UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Property Maintenance UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Higson & Co

Chartered Accountants

White House

Wollaton Street

Nottingham

NG1 5GF

8 January 2019

Blue Property Maintenance UK Limited

Abridged statement of financial position

30 April 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	5	14,720		13,577
		_______		_______
			14,720		13,577

Current assets
Stocks		931		1,719
Debtors		288,605		110,624
Cash at bank and in hand		40,042		29,658
		_______		_______
		329,578		142,001
Creditors: amounts falling due
within one year		( 136,125)		( 88,634)
		_______		_______
Net current assets			193,453		53,367
			_______		_______
Total assets less current liabilities			208,173		66,944

Creditors: amounts falling due
after more than one year			( 207,212)		( 14,649)
			_______		_______
Net assets			961		52,295
			_______		_______

Capital and reserves
Called up share capital	6		100		100
Profit and loss account			861		52,195
			_______		_______
Shareholders funds			961		52,295
			_______		_______

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 January 2019 , and are signed on behalf of the board by:

Mr P D Evans

Director

Company registration number: 06222876

Blue Property Maintenance UK Limited

Statement of changes in equity

Year ended 30 April 2018

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2016	100	105,529	105,629

Loss for the year	-	( 53,334)	( 53,334)
	_______	_______	_______
Total comprehensive income for the year	-	( 53,334)	( 53,334)

	_______	_______	_______
At 30 April 2017 and 1 May 2017	100	52,195	52,295

Loss for the year	-	( 51,334)	( 51,334)
	_______	_______	_______
Total comprehensive income for the year	-	( 51,334)	( 51,334)

	_______	_______	_______
At 30 April 2018	100	861	961
	_______	_______	_______

Blue Property Maintenance UK Limited

Notes to the financial statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 3 East Circus Street, Nottingham, NG1 5AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has obtained the financial support for a minimum of a further year from the date of these accounts from its parent company, Blue Property (Group) Limited.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 19 (2017: 20 ).

5. Tangible assets


		£
	Cost
	At 1 May 2017	23,154
	Additions	3,458
		_______
	At 30 April 2018	26,612
		_______
	Depreciation
	At 1 May 2017	9,577
	Charge for the year	2,315
		_______
	At 30 April 2018	11,892
		_______
	Carrying amount
	At 30 April 2018	14,720
		_______
	At 30 April 2017	13,577
		_______

6. Called up share capital

Issued, called up and fully paid

	2018		2017
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

7. Controlling party

The company's parent and ultimate parent undertaking is Blue Property (Group) Limited, company number 07966273, registered in England & Wales. The company's registered office address is 3 East Circus Street, Nottingham, NG1 5AF.