2 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09581401 2022-07-01 2023-03-31 09581401 2023-03-31 09581401 2021-07-01 2022-06-30 09581401 2022-06-30 09581401 2021-06-30 09581401 bus:Director1 2022-07-01 2023-03-31 09581401 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 09581401 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-03-31 09581401 core:WithinOneYear 2023-03-31 09581401 core:WithinOneYear 2022-06-30 09581401 core:ShareCapital 2023-03-31 09581401 core:ShareCapital 2022-06-30 09581401 core:RetainedEarningsAccumulatedLosses 2023-03-31 09581401 core:RetainedEarningsAccumulatedLosses 2022-06-30 09581401 core:ShareCapital 2021-06-30 09581401 core:RetainedEarningsAccumulatedLosses 2021-06-30 09581401 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09581401 core:Non-currentFinancialInstruments 2023-03-31 09581401 core:Non-currentFinancialInstruments 2022-06-30 09581401 bus:Director1 2023-03-31 09581401 bus:SmallEntities 2022-07-01 2023-03-31 09581401 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-03-31 09581401 bus:FullAccounts 2022-07-01 2023-03-31 09581401 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-03-31 09581401 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-03-31
Company registration number: 09581401
Blue Whale London Ltd
Unaudited filleted financial statements
31 March 2023
Blue Whale London Ltd
Contents
Balance sheet
Statement of changes in equity
Notes to the financial statements
Blue Whale London Ltd
Balance sheet
31 March 2023
31/03/23 30/06/22
Note £ £ £ £
Fixed assets
Investments 5 82,831 82,831
_______ _______
82,831 82,831
Current assets
Debtors 6 375,960 215,616
Investments 7 3,765,691 -
Cash at bank and in hand 1,687 2,555,264
_______ _______
4,143,338 2,770,880
Creditors: amounts falling due
within one year 8 ( 15,526) ( 1,680)
_______ _______
Net current assets 4,127,812 2,769,200
_______ _______
Total assets less current liabilities 4,210,643 2,852,031
_______ _______
Net assets 4,210,643 2,852,031
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,210,543 2,851,931
_______ _______
Shareholders funds 4,210,643 2,852,031
_______ _______
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 November 2023 , and are signed on behalf of the board by:
.................................. ..................................
Oliver Peck Date
Director
Company registration number: 09581401
Blue Whale London Ltd
Statement of changes in equity
Period ended 31 March 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 100 3,104,696 3,104,796
Profit/(loss) for the period ( 2,905) ( 2,905)
_______ _______ _______
Total comprehensive income for the period - ( 2,905) ( 2,905)
Dividends paid and payable ( 249,860) ( 249,860)
_______ _______ _______
Total investments by and distributions to owners - ( 249,860) ( 249,860)
_______ _______ _______
At 30 June 2022 and 1 July 2022 100 2,851,890 2,851,990
Profit/(loss) for the period 1,453,813 1,453,813
_______ _______ _______
Total comprehensive income for the period - 1,453,813 1,453,813
Dividends paid and payable ( 95,160) ( 95,160)
_______ _______ _______
Total investments by and distributions to owners - ( 95,160) ( 95,160)
_______ _______ _______
At 31 March 2023 100 4,210,543 4,210,643
_______ _______ _______
Blue Whale London Ltd
Notes to the financial statements
Period ended 31 March 2023
1. General information
The principal activity of Blue Whale London Ltd is that of an investment holding company.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Investments
Shares in group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 1 July 2022 and 31 March 2023 300 82,531 82,831
_______ _______ _______
Impairment
At 1 July 2022 and 31 March 2023 - - -
_______ _______ _______
Carrying amount
At 31 March 2023 300 82,531 82,831
_______ _______ _______
At 30 June 2022 300 82,531 82,831
_______ _______ _______
6. Debtors
31/03/23 30/06/22
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 230,913 215,000
Other debtors 145,047 616
_______ _______
375,960 215,616
_______ _______
7. Investments
31/03/23 30/06/22
£ £
Other investments 3,765,691 -
_______ _______
8. Creditors: amounts falling due within one year
31/03/23 30/06/22
£ £
Trade creditors 1,680 -
Corporation tax 11,746 -
Other creditors 2,100 1,680
_______ _______
15,526 1,680
_______ _______
9. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 31/03/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Oliver Peck - 240,000 ( 95,160) 144,840
_______ _______ _______ _______
Year ended 30/06/22
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Oliver Peck - - - -
_______ _______ _______ _______