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REGISTERED NUMBER: 04404291 (England and Wales)















Bluepuffin Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Bluepuffin Limited (Registered number: 04404291)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Bluepuffin Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr A S Collingwood
Mr P J Rigby





REGISTERED OFFICE: 13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 04404291 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Bluepuffin Limited (Registered number: 04404291)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 94 40
Investment property 5 734,000 734,000
734,094 734,040

CURRENT ASSETS
Debtors 6 1,204,466 914,382
Cash at bank 66,191 267,220
1,270,657 1,181,602
CREDITORS
Amounts falling due within one year 7 124,337 118,371
NET CURRENT ASSETS 1,146,320 1,063,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,880,414

1,797,271

PROVISIONS FOR LIABILITIES 58,333 58,334
NET ASSETS 1,822,081 1,738,937

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 387,101 387,101
Retained earnings 1,434,978 1,351,834
1,822,081 1,738,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bluepuffin Limited (Registered number: 04404291)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





Mr P J Rigby - Director


Bluepuffin Limited (Registered number: 04404291)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Bluepuffin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bluepuffin Limited (Registered number: 04404291)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 40
Additions 54
At 31 March 2023 94
NET BOOK VALUE
At 31 March 2023 94
At 31 March 2022 40

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 734,000
NET BOOK VALUE
At 31 March 2023 734,000
At 31 March 2022 734,000

Investment property has been valued on a Fair Value basis by the Directors as at 31st March 2023.

Deferred tax has has been recognised on any revaluations of Investment Property.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 322,579
Valuation in 2020 41,896
Valuation in 2021 (6,226 )
Valuation in 2022 46,330
Cost 329,421
734,000

Bluepuffin Limited (Registered number: 04404291)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,017 15,312
Other debtors 1,946 10,000
CR Mansfield Ltd 477,621 191,070
CR Worcester Ltd 698,000 698,000
VAT 882 -
1,204,466 914,382

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 24,337 16,554
VAT - 1,772
Bluepuffin Estates Limited - 100,045
Directors' current accounts 100,000 -
124,337 118,371

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 387,101

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Director's loan balance at the year end is split between the two directors as below:

Mr A Collingwood - £50,000
Mr J Rigby - £50,000