Company registration number:
13916928
Blendcross Investments Limited
Unaudited filleted financial statements
28 February 2023
Blendcross Investments Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Blendcross Investments Limited
Directors and other information
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Director |
Mr R G Patel |
(Appointed 15 February 2022) |
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Company number |
13916928 |
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Registered office |
298 |
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Lewisham Hiigh Street |
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London |
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England |
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SE13 6JZ |
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Accountants |
Accounts Tax Solutions Limited |
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Paul House |
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Stockport Road |
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Timperley |
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Cheshire |
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WA15 7UQ |
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Blendcross Investments Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Blendcross Investments Limited
Period ended 28 February 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 28 February 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Accounts Tax Solutions Limited
Paul House
Stockport Road
Timperley
Cheshire
WA15 7UQ
8 November 2023
Blendcross Investments Limited
Statement of financial position
28 February 2023
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28/02/23 |
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Note |
£ |
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£ |
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Fixed assets |
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Investments |
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4 |
1,692,594 |
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_______ |
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1,692,594 |
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Current assets |
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Cash at bank and in hand |
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19,817 |
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_______ |
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19,817 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
9,180) |
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_______ |
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Net current assets |
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10,637 |
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_______ |
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Total assets less current liabilities |
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1,703,231 |
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_______ |
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Net assets |
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1,703,231 |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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Profit and loss account |
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1,703,230 |
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_______ |
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Shareholders funds |
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1,703,231 |
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_______ |
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For the period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 November 2023
, and are signed on behalf of the board by:
Mr R G Patel
Director
Company registration number:
13916928
Blendcross Investments Limited
Statement of changes in equity
Period ended 28 February 2023
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 15 February 2022 |
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Profit for the period |
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1,703,230 |
1,703,230 |
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_______ |
_______ |
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Total comprehensive income for the period |
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1,703,230 |
1,703,230 |
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Issue of shares |
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1 |
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1 |
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_______ |
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Total investments by and distributions to owners |
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1 |
- |
1 |
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At 28 February 2023 |
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1 |
1,703,230 |
1,703,231 |
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_______ |
_______ |
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Blendcross Investments Limited
Notes to the financial statements
Period ended 28 February 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 298, Lewisham Hiigh Street, London, England, SE13 6JZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 15 February 2022 |
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Additions |
1,692,594 |
1,692,594 |
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_______ |
_______ |
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At 28 February 2023 |
1,692,594 |
1,692,594 |
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_______ |
_______ |
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Impairment |
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At 15 February 2022 and 28 February 2023 |
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- |
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_______ |
_______ |
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Carrying amount |
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At 28 February 2023 |
1,692,594 |
1,692,594 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
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28/02/23 |
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£ |
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Corporation tax |
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2,495 |
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Other creditors |
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6,685 |
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_______ |
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9,180 |
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_______ |
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6.
Directors advances, credits and guarantees
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During the period the director entered into the following advances and credits with the company: |
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period ended 28/02/23 |
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Balance brought forward |
Amounts repaid |
Balance o/standing |
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£ |
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Director 1 |
- |
(
110) |
(
110) |
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