Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30true2021-12-011The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1false 12642550 2021-12-01 2022-11-30 12642550 2020-06-03 2021-11-30 12642550 2022-11-30 12642550 2021-11-30 12642550 c:Director1 2021-12-01 2022-11-30 12642550 d:CurrentFinancialInstruments 2022-11-30 12642550 d:CurrentFinancialInstruments 2021-11-30 12642550 d:Non-currentFinancialInstruments 2022-11-30 12642550 d:Non-currentFinancialInstruments 2021-11-30 12642550 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12642550 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 12642550 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 12642550 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 12642550 d:ShareCapital 2022-11-30 12642550 d:ShareCapital 2021-11-30 12642550 d:RetainedEarningsAccumulatedLosses 2022-11-30 12642550 d:RetainedEarningsAccumulatedLosses 2021-11-30 12642550 c:OrdinaryShareClass1 2021-12-01 2022-11-30 12642550 c:OrdinaryShareClass1 2022-11-30 12642550 c:OrdinaryShareClass1 2021-11-30 12642550 c:FRS102 2021-12-01 2022-11-30 12642550 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 12642550 c:FullAccounts 2021-12-01 2022-11-30 12642550 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12642550









BLUE LLAMA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2022

 
BLUE LLAMA LTD
REGISTERED NUMBER: 12642550

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
-
59,745

Cash at bank and in hand
  
255
255

  
255
60,000

Creditors: amounts falling due within one year
 5 
(269,191)
(294,027)

Net current liabilities
  
 
 
(268,936)
 
 
(234,027)

Total assets less current liabilities
  
(268,936)
(234,027)

Creditors: amounts falling due after more than one year
 6 
-
(6,000)

  

Net liabilities
  
(268,936)
(240,027)


Capital and reserves
  

Called up share capital 
 7 
10
10

Profit and loss account
  
(268,946)
(240,037)

  
(268,936)
(240,027)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 November 2023.




Martin Stephen Bailey
Page 1

 
BLUE LLAMA LTD
REGISTERED NUMBER: 12642550
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BLUE LLAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

1.


General information

The Company is a private company limited by shares and is incorporated in England and Wales.
The Registered Office address is 35 Ballards Lane, London N3 1XW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the
company is able to meet its liabilities as they fall due.
Included within creditors is a loan from the director amounting to £265,891.91. This loan is repayable on demand and the director has confirmed that repayment will only be made as cashflow permits. 
The company is dependant on the continuing support of the director who has confirmed this support for a period of at least 12 months from the signing of these financial statements. The director is therefore of the opinion that the accounts should be prepared on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BLUE LLAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised when the digitial assets held as stock are disposed of. The company can make a trading loss upon disposal, and thus incur negative revenue, which is recognised when the amount of gain/loss can be measured reliably.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies,
are initially recognised at transaction price, unless the arrangement constitutes a financing
transaction, where the transaction is measured at the present value of the future receipts discounted
at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the
end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the
carrying amount and the present value of the estimated cash flows discounted at the asset’s original
effective interest rate. The impairment loss is recognised in the Statement of Income and Retained
Earnings.


 
Page 4

 
BLUE LLAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party or (c) control of the asset has been transferred to another party who has
the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional
restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.

  
2.9

Stocks

Stocks represents digital assets held in the normal course of business. Stock is carried at the lower of cost and net realisable value.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).


4.


Stocks

2022
2021
£
£

Digital assets
-
59,745

-
59,745


Page 5

 
BLUE LLAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
265,891
294,027

Accruals and deferred income
3,300
-

269,191
294,027



6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Accruals and deferred income
-
6,000

-
6,000



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



10 (2021 - 10) Ordinary shares of £1.00 each
10
10



8.


Related party transactions

Included within creditors is a loan from the director amounting to £265,891 (2021 - £284,026). This loan is repayable on demand and the director has confirmed that repayment will only be made as cashflow permits. 


9.


Controlling party

The ultimate controlling party is the director, who is the sole shareholder.

 
Page 6