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REGISTERED NUMBER: SC538884 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

BLUBAKER VENTURES LIMITED

BLUBAKER VENTURES LIMITED (REGISTERED NUMBER: SC538884)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUBAKER VENTURES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: I Morrison





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC538884 (Scotland)






BLUBAKER VENTURES LIMITED (REGISTERED NUMBER: SC538884)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000,000 1,000,000
Tangible assets 5 - 107
1,000,000 1,000,107

CURRENT ASSETS
Debtors 6 180,376 161,756
Cash at bank 25,317 45,146
205,693 206,902
CREDITORS
Amounts falling due within one year 7 299,595 345,592
NET CURRENT LIABILITIES (93,902 ) (138,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,098

861,417

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings (93,902 ) (138,583 )
SHAREHOLDERS' FUNDS 906,098 861,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:



I Morrison - Director


BLUBAKER VENTURES LIMITED (REGISTERED NUMBER: SC538884)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Blubaker Ventures Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred 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 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.

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.

Goodwill
Goodwill has not been amortised. The director acknowledges this is outwith the standards of FRS 102, however believes by amortising the Goodwill, it would show an unfair representation of the performance of the business.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

BLUBAKER VENTURES LIMITED (REGISTERED NUMBER: SC538884)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 1,000,000
NET BOOK VALUE
At 28 February 2023 1,000,000
At 28 February 2022 1,000,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 983
DEPRECIATION
At 1 March 2022 876
Charge for year 107
At 28 February 2023 983
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 180,376 161,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 119,197 113,084
Taxation and social security 28,660 5,893
Other creditors 151,738 226,615
299,595 345,592

BLUBAKER VENTURES LIMITED (REGISTERED NUMBER: SC538884)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
I Morrison
Balance outstanding at start of year (82,540 ) (59,857 )
Amounts advanced 57,084 (77,054 )
Amounts repaid (59,603 ) 54,371
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85,059 ) (82,540 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is I Morrison.