Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mrs S Taylor 28/04/1998 Mr V C Taylor 28/04/1998 06 November 2023 The principal activity of the Company during the financial year was that of property rental. 03496701 2023-04-30 03496701 bus:Director1 2023-04-30 03496701 bus:Director2 2023-04-30 03496701 2022-04-30 03496701 core:CurrentFinancialInstruments 2023-04-30 03496701 core:CurrentFinancialInstruments 2022-04-30 03496701 core:ShareCapital 2023-04-30 03496701 core:ShareCapital 2022-04-30 03496701 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 03496701 core:FurtherSpecificReserve1ComponentTotalEquity 2022-04-30 03496701 core:RetainedEarningsAccumulatedLosses 2023-04-30 03496701 core:RetainedEarningsAccumulatedLosses 2022-04-30 03496701 2022-05-01 2023-04-30 03496701 bus:FullAccounts 2022-05-01 2023-04-30 03496701 bus:SmallEntities 2022-05-01 2023-04-30 03496701 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03496701 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03496701 bus:Director1 2022-05-01 2023-04-30 03496701 bus:Director2 2022-05-01 2023-04-30 03496701 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 03496701 (England and Wales)

BLUNMADE LTD

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

BLUNMADE LTD

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

BLUNMADE LTD

COMPANY INFORMATION

For the financial year ended 30 April 2023
BLUNMADE LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Mrs S Taylor
Mr V C Taylor
SECRETARY Mrs S Taylor
REGISTERED OFFICE Leanne House
6 Avon Close
Weymouth
DT4 9UX
United Kingdom
COMPANY NUMBER 03496701 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX
BLUNMADE LTD

BALANCE SHEET

As at 30 April 2023
BLUNMADE LTD

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 785,000 765,000
785,000 765,000
Current assets
Debtors 4 11,468 10,183
Cash at bank and in hand 195,721 185,310
207,189 195,493
Creditors: amounts falling due within one year 5 ( 11,707) ( 12,445)
Net current assets 195,482 183,048
Total assets less current liabilities 980,482 948,048
Provision for liabilities ( 50,825) ( 45,579)
Net assets 929,657 902,469
Capital and reserves
Called-up share capital 14,000 14,000
Fair value reserve 299,999 285,245
Profit and loss account 615,658 603,224
Total shareholders' funds 929,657 902,469

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Blunmade Ltd (registered number: 03496701) were approved and authorised for issue by the Board of Directors on 06 November 2023. They were signed on its behalf by:

Mrs S Taylor
Director
BLUNMADE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
BLUNMADE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blunmade Ltd (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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

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 £.

Turnover

Turnover comprises the fair value of rents receivable.

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.

Taxation

Current tax
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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 01 May 2022 765,000
Fair value movement 20,000
As at 30 April 2023 785,000

Valuation

There has been no valuation of investment property by an independent valuer.

The class of asset has a current value of £785,000 (2022 - £765,000) with a carrying amount of historical cost of £434,176 (2022 - £434.176). The depreciation on this historical cost is £nil (2022 - £nil).

4. Debtors

2023 2022
£ £
Trade debtors 9,758 8,713
Other debtors 1,710 1,470
11,468 10,183

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 2,917 4,587
Other creditors 8,790 7,858
11,707 12,445

6. Related party transactions

Transactions with the entity's directors

Advances

During the year one of the directors maintained an interest-free loan account with the company which is repayable on demand.

At the balance sheet date the amount due to the director was £5,350 (2022 - £4,509).