Registration number:
Bluepearl Property Limited
for the Year Ended 31 March 2019
Bluepearl Property Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Bluepearl Property Limited
Company Information
Directors |
JDB Ford MR Branson |
Registered office |
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Bankers |
HSBC Bank Plc Nedbank Private Wealth |
Page 1 |
Bluepearl Property Limited
(Registration number: 04748773)
Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
( |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Bluepearl Property Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital incorporated in England and the company registration number is 04748773.
The address of its registered office is:
London
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in sterling and are rounded to the nearest pound.
Revenue recognition
Turnover is rental income from investment property representing sum due from tenants during the relevant year.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
20% straight line |
Motor vehicles |
25% reducing balance |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 3 |
Bluepearl Property Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2018 |
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At 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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At 31 March 2018 |
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Investment properties |
2019 |
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At 1 April |
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Foreign exchange movements |
( |
At 31 March |
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The fair value of the investment property has been determined by the director on an open market basis and no charge/credit has been included in the profit or loss account for the current or comparative year.
There has been no valuation of investment property by an independent valuer.
Page 4 |
Bluepearl Property Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Debtors |
2019 |
2018 |
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Other debtors |
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Prepayments and accrued income |
347 |
322 |
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Less non-current portion |
- |
( |
Total current trade and other debtors |
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Details of non-current trade and other debtors
£Nil (2018 -£121) of other debtors is classified as non current.
Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
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Due within one year |
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Other creditors |
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Accruals and deferred income |
1,800 |
1,800 |
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Related party transactions |
Transactions with directors |
Page 5 |