Company No:
Contents
Note | 30.10.2022 | 31.10.2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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2,191,927 | 2,194,997 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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34,793 | 13,229 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (2,209,365) | (2,221,422) | ||
Total assets less current liabilities | (17,438) | (26,425) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Blubrik Limited (registered number:
Dr L Pinson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Blubrik Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole,, Dorset, BH15 2PW, United Kingdom.
The principle place of business is: 43 Alcantara Crescent, Southampton, Hampshire, SO14 3HR.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £17,438. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Reporting period length has been shortened to 30 October 2022.
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.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Investment property | not depreciated |
Fixtures and fittings |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Period from 01.11.2021 to 30.10.2022 |
Year ended 31.10.2021 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Investment property | Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 November 2021 |
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At 30 October 2022 |
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Accumulated depreciation | |||||
At 01 November 2021 |
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Charge for the financial period |
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At 30 October 2022 |
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Net book value | |||||
At 30 October 2022 |
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At 31 October 2021 |
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Investment properties
There was no independent valuation of the investment properties in either year.
30.10.2022 | 31.10.2021 | ||
£ | £ | ||
Prepayments and accrued income |
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Other debtors |
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30.10.2022 | 31.10.2021 | ||
£ | £ | ||
Amounts owed to directors |
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Accruals and deferred income |
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Other creditors |
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