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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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Blush Properties Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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for |
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Blush Properties Limited |
Blush Properties Limited (Registered number: 07389382) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Blush Properties Limited |
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Company Information |
for the Year Ended 30 September 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
Blush Properties Limited (Registered number: 07389382) |
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Balance Sheet |
30 September 2022 |
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30.9.22 | 30.9.21 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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Investment property | 7 |
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CURRENT ASSETS |
Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 | ( |
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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 |
10 |
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PROVISIONS FOR LIABILITIES | 12 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 13 |
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Fair value reserve | 14 | ( |
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Retained earnings | 14 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
Blush Properties Limited (Registered number: 07389382) |
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Balance Sheet - continued |
30 September 2022 |
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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 director and authorised for issue on
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Blush Properties Limited (Registered number: 07389382) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2022 |
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1. | STATUTORY INFORMATION |
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Blush Properties Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value. |
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Turnover |
Turnover represents net invoiced rental income receivable. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investments in associates |
Investments in associate undertakings are recognised at cost. |
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Investment property |
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement. |
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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. |
Blush Properties Limited (Registered number: 07389382) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 October 2021 |
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Disposals | ( |
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At 30 September 2022 |
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DEPRECIATION |
At 1 October 2021 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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6. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 October 2021 | 1 |
Disposals | (1 | ) |
At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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Blush Properties Limited (Registered number: 07389382) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2021 |
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Disposals | ( |
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At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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The investment properties are valued annually by the director on an open market existing use basis. |
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The historical cost of the properties amounted to £nil (2021 - £569,701). |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Other debtors |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Other creditors |
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10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans | - | 497,689 |
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11. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.9.22 | 30.9.21 |
£ | £ |
Bank loans |
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12. | PROVISIONS FOR LIABILITIES |
30.9.22 | 30.9.21 |
£ | £ |
Deferred tax | - | 33,170 |
Blush Properties Limited (Registered number: 07389382) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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12. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 October 2021 |
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Unused amounts reversed during year | ( |
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Balance at 30 September 2022 |
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13. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.22 | 30.9.21 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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14. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 October 2021 |
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272,837 |
Deficit for the year | ( |
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Deferred tax provision | 33,170 | - | 33,170 |
Realised property gains | 197,129 | (230,299 | ) | (33,170 | ) |
At 30 September 2022 |
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