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REGISTERED NUMBER: 13420475 (England and Wales)
















Unaudited Financial Statements

for the Period 1 June 2022 to 31 March 2023

for

Bluemethane Limited

Bluemethane Limited (Registered number: 13420475)






Contents of the Financial Statements
for the Period 1 June 2022 to 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bluemethane Limited

Company Information
for the Period 1 June 2022 to 31 March 2023







DIRECTORS: Mrs L E Bentata
Mr N R R Vallejo





REGISTERED OFFICE: C/O Level Law 20 -22 Shelton Street
London
WC2H 9JJ





REGISTERED NUMBER: 13420475 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited T/A
Matthew Squire & Company
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bluemethane Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bluemethane Limited for the period ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bluemethane Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bluemethane Limited and state those matters that we have agreed to state to the Board of Directors of Bluemethane Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluemethane Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bluemethane Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bluemethane Limited. You consider that Bluemethane Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bluemethane Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited T/A
Matthew Squire & Company
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Bluemethane Limited (Registered number: 13420475)

Balance Sheet
31 March 2023

31.3.23 31.5.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 33,150 23,100
Tangible assets 5 17,303 5,450
50,453 28,550

CURRENT ASSETS
Debtors 6 17,240 9,997
Cash at bank 186,609 17,505
203,849 27,502
CREDITORS
Amounts falling due within one year 7 (469,041 ) (123,686 )
NET CURRENT LIABILITIES (265,192 ) (96,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(214,739

)

(67,634

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (214,839 ) (67,734 )
(214,739 ) (67,634 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Bluemethane Limited (Registered number: 13420475)

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 28 July 2023 and were signed on its behalf by:




Mrs L E Bentata - Director



Mr N R R Vallejo - Director


Bluemethane Limited (Registered number: 13420475)

Notes to the Financial Statements
for the Period 1 June 2022 to 31 March 2023

1. STATUTORY INFORMATION

Bluemethane 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Bluemethane Limited (Registered number: 13420475)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022 23,100
Additions 10,050
At 31 March 2023 33,150
NET BOOK VALUE
At 31 March 2023 33,150
At 31 May 2022 23,100

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 - 6,288 6,288
Additions 4,807 11,372 16,179
At 31 March 2023 4,807 17,660 22,467
DEPRECIATION
At 1 June 2022 - 838 838
Charge for period 961 3,365 4,326
At 31 March 2023 961 4,203 5,164
NET BOOK VALUE
At 31 March 2023 3,846 13,457 17,303
At 31 May 2022 - 5,450 5,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.5.22
£    £   
Amounts owed by associates 3,737 -
VAT 9,654 9,997
Prepayments and accrued income 3,849 -
17,240 9,997

Bluemethane Limited (Registered number: 13420475)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.5.22
£    £   
Trade creditors 2,372 7,193
Amounts owed to associates 504,597 99,261
Tax (73,411 ) (20,000 )
Pension 255 292
Directors' current accounts 32,938 35,350
Accrued expenses 2,290 1,590
469,041 123,686