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Registration number: 12948909

Bleehen Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2022

 

Bleehen Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Bleehen Limited

Company Information

Director

C Bleehen

Registered office

18 Belsize Park
London
NW3 4DU

Accountants

Tax Innovations Limited
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Bleehen Limited

(Registration number: 12948909)
Balance Sheet as at 31 October 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

113

-

Tangible assets

5

5,587

4,716

 

5,700

4,716

Current assets

 

Debtors

6

42,400

38,103

Cash at bank and in hand

 

370,571

212,544

 

412,971

250,647

Creditors: Amounts falling due within one year

7

(63,623)

(75,250)

Net current assets

 

349,348

175,397

Net assets

 

355,048

180,113

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

355,047

180,112

Shareholders' funds

 

355,048

180,113

For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2023
 

 

Bleehen Limited

(Registration number: 12948909)
Balance Sheet as at 31 October 2022

.........................................
C Bleehen
Director

 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 Belsize Park
London
NW3 4DU

These financial statements were authorised for issue by the director on 23 October 2023.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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

Office equipment

Straight line at 20%

Intangible assets

The intangible asset on the accounts is in regards to the domain name of the company. This will be reviewed for revaluation/amortisation purposes annually if there is suggestion of significant change in value.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

113

113

At 31 October 2022

113

113

Amortisation

Carrying amount

At 31 October 2022

113

113

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2021

5,776

5,776

Additions

2,183

2,183

At 31 October 2022

7,959

7,959

Depreciation

At 1 November 2021

1,060

1,060

Charge for the year

1,312

1,312

At 31 October 2022

2,372

2,372

Carrying amount

At 31 October 2022

5,587

5,587

At 31 October 2021

4,716

4,716

6

Debtors

Current

2022
£

2021
£

Trade debtors

42,400

38,103

 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

40,680

45,873

Accruals and deferred income

1,800

1,800

Other creditors

21,143

27,577

63,623

75,250

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £0.01 each

100

1

100

1

         

9

Dividends

   

2022

 

2021

   

£

 

£

Interim dividend of £Nil (2021 - £20,000.00) per ordinary share

 

-

 

20,000

         
 

Bleehen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

10

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2022
£

2021
£

Remuneration

13,965

-

Loans from related parties

2022

Key management
£

Total
£

At start of period

25,487

25,487

Repaid

(5,272)

(5,272)

At end of period

20,215

20,215

2021

Key management
£

Total
£

Advanced

25,487

25,487

At end of period

25,487

25,487

Terms of loans from related parties

This balance is owed to the director by the company. This is held at 0% interest and no repayment period is in place.