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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
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BLUEBRAY DEVELOPMENTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
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FOR |
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BLUEBRAY DEVELOPMENTS LIMITED |
BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BLUEBRAY DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1st Floor |
105-111 Euston Street |
London |
NW1 2EW |
BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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ABRIDGED BALANCE SHEET |
31 JANUARY 2018 |
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31/1/18 | 31/1/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 6 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Fair value reserve | 8 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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ABRIDGED BALANCE SHEET - continued |
31 JANUARY 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
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1. | STATUTORY INFORMATION |
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Bluebray Developments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents sales of trading properties, excluding value added tax. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Investment properties |
Investment properties are properties held to earn rentals or capital appreciation. Investment properties are |
initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can |
be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and |
losses arising from charges in fair value of investment properties are included in profit or loss in the period in |
which they arise. |
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Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going |
basis are included in plat, property and equipment at cost less accumulated depreciation and accumulated |
impairment losses. |
BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
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3. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST OR VALUATION |
At 1 February 2017 | 1,794,779 |
Additions | 4,203 |
Disposals | (264,777 | ) |
Revaluations | (40,000 | ) |
At 31 January 2018 | 1,494,205 |
NET BOOK VALUE |
At 31 January 2018 | 1,494,205 |
At 31 January 2017 | 1,794,779 |
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Cost or valuation at 31 January 2018 is represented by: |
Totals |
£ |
Valuation in 2007 | 84,460 |
Valuation in 2011 | 147,862 |
Valuation in 2012 | 231,354 |
Valuation in 2013 | 298,330 |
Valuation in 2015 | 363,673 |
Valuation in 2016 | (78,554 | ) |
Valuation in 2018 | (40,000 | ) |
Cost | 487,080 |
1,494,205 |
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If investment properties had not been revalued they would have been included at the following historical cost: |
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31/1/18 | 31/1/17 |
£ | £ |
Cost | 487,079 | 747,604 |
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were valued on an open market basis on 31 January 2018 by the company directors . |
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4. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31/1/18 | 31/1/17 |
£ | £ |
Repayable otherwise than by instalments |
Bank loan 00636182 | - | 40,754 |
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Repayable by instalments |
Bank Loan 01167600 | 136,640 | - |
BLUEBRAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04644406) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
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5. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31/1/18 | 31/1/17 |
£ | £ |
Bank loans |
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Bank loans are secured against the investment properties held by the Company. |
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6. | PROVISIONS FOR LIABILITIES |
31/1/18 | 31/1/17 |
£ | £ |
Deferred tax | 139,008 | 167,728 |
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Deferred |
tax |
£ |
Balance at 1 February 2017 |
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Provided during year | ( |
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Balance at 31 January 2018 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/18 | 31/1/17 |
value: | £ | £ |
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Ordinary Share | £1 | 100 | 100 |
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8. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 February 2017 |
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1,276,745 |
Profit for the year |
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Brought forward adj | ( |
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( |
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Revaluation for the year | 32,000 | (114,881 | ) | (82,881 | ) |
At 31 January 2018 |
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1,337,082 |
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9. | RELATED PARTY DISCLOSURES |
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Included within Other Debtors is the amount of £53,633 receivable from Terminus Holding Limited where Grant |
Frank is also a director. |
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Included within Other debtor is an amount of £5,789.49 receivable from Jarratt Holdings Ltd, (2017:£87,027.65 |
was owed to Jarrats Holdings Ltd) |
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Both Grant Franks and John Manser are directors of Jarratt Holdings Limited. |