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REGISTERED NUMBER: 13685234 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 OCTOBER 2021 TO 31 OCTOBER 2022

FOR

BLOCKTURE LTD

BLOCKTURE LTD (REGISTERED NUMBER: 13685234)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 18 October 2021 to 31 October 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BLOCKTURE LTD

COMPANY INFORMATION
For The Period 18 October 2021 to 31 October 2022







DIRECTOR: A C R Macdonald





REGISTERED OFFICE: Unit 7a Abbey Business Park
Monks Walk
Farnham
GU9 8HT





REGISTERED NUMBER: 13685234 (England and Wales)

BLOCKTURE LTD (REGISTERED NUMBER: 13685234)

ABRIDGED BALANCE SHEET
31 October 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 85,111

CURRENT ASSETS
Stocks 16,398
Debtors 199,372
Cash at bank 13,322
229,092
CREDITORS
Amounts falling due within one year 109,589
NET CURRENT ASSETS 119,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,614

PROVISIONS FOR LIABILITIES 7,912
NET ASSETS 196,702

CAPITAL AND RESERVES
Called up share capital 5 1
Revaluation reserve 6 33,728
Retained earnings 162,973
SHAREHOLDERS' FUNDS 196,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





A C R Macdonald - Director


BLOCKTURE LTD (REGISTERED NUMBER: 13685234)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 18 October 2021 to 31 October 2022


1. STATUTORY INFORMATION

Blockture Ltd 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the intangible assets being measured at fair value.

Turnover
Turnover represents sales of cryptocurrency and associated services, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Intangible assets
Non-fungible tokens are included in fixed assets as intangible assets with indefinite useful lives. Non-fungible tokens are assessed under the Revaluation model, with initial measurement at cost and subsequent measurement at fair value less any accumulated amortisation and impairment. Revaluations above cost are recognised in Other Comprehensive Income and movements below cost expensed to profit and loss.

Inventory
Inventory is comprised of a portfolio of cryptocurrencies. Cryptocurrencies are stated at the lower of cost and estimated selling price, less costs to sell. Cost includes all costs of purchase.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

BLOCKTURE LTD (REGISTERED NUMBER: 13685234)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 18 October 2021 to 31 October 2022


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
Additions 43,471
Revaluations 41,640
At 31 October 2022 85,111
NET BOOK VALUE

At 31 October 2022 85,111

Cost or valuation at 31 October 2022 is represented by:

Totals
£   
Valuation in 2022 41,640
Cost 43,471
85,111

5. CALLED UP SHARE CAPITAL

At the incorporation of the company, 1 ordinary share was allotted, at par value of £1 per share fully paid for cash at par.

6. RESERVES
Revaluation
reserve
£   
Revaluation of non-fungible tokens 33,728

At 31 October 2022 33,728