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REGISTERED NUMBER: 08930334 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Family Bliss Limited

Family Bliss Limited (Registered number: 08930334)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Family Bliss Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: J A S Butler
Mrs D Butler





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 08930334 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Family Bliss Limited (Registered number: 08930334)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 462 924
Investments 6 1 1
Investment property 7 733,000 684,000
733,463 684,925

CURRENT ASSETS
Debtors: amounts falling due within one year 8 13,693 287,547
Debtors: amounts falling due after more than
one year

8

-

78,000
Cash at bank 332,495 64,377
346,188 429,924
CREDITORS
Amounts falling due within one year 9 (19,274 ) (92,833 )
NET CURRENT ASSETS 326,914 337,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,377

1,022,016

PROVISIONS FOR LIABILITIES 11 (23,157 ) (9,052 )
NET ASSETS 1,037,220 1,012,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,037,120 1,012,864
SHAREHOLDERS' FUNDS 1,037,220 1,012,964

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

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

Family Bliss Limited (Registered number: 08930334)

Statement of Financial Position - 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





J A S Butler - Director


Family Bliss Limited (Registered number: 08930334)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Family Bliss Limited ('The Company') is a family investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 89 Admirals Walk, West Cliff Road, Bournemouth, Dorset, BH2 5HG and the address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

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 - 33.33% on cost

Investment property
Investment property is shown at fair value, the fair value is reviewed annually by the director. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes to the financial statements as non-distributable reserves. Rentals received in the year from the investment property are included in other income. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review.

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 end of the financial year.


Family Bliss Limited (Registered number: 08930334)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Unlisted investments are shown at cost less any impairment loss.

Investment income from both listed investments and unlisted investments is included in other income.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 1,386
DEPRECIATION
At 1 April 2022 462
Charge for year 462
At 31 March 2023 924
NET BOOK VALUE
At 31 March 2023 462
At 31 March 2022 924

Family Bliss Limited (Registered number: 08930334)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 684,000
Revaluations 49,000
At 31 March 2023 733,000
NET BOOK VALUE
At 31 March 2023 733,000
At 31 March 2022 684,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 215,171
Cost 517,829
733,000

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 13,693 287,547

Amounts falling due after more than one year:
Other debtors - 78,000

Aggregate amounts 13,693 365,547

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 78,000
Other creditors 19,274 14,833
19,274 92,833

Family Bliss Limited (Registered number: 08930334)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to related parties are unsecured, interest free and repayable on demand.

10. LEASING AGREEMENTS
Minimum lease payments receivable fall due as follows:

Non-cancellable operating
leases
2023 2022
£ £
Within one year 26,326 13,438
26,326 13,438

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,157 9,052

Deferred
tax
£   
Balance at 1 April 2022 9,052
Charge to Income Statement during year 14,105
Balance at 31 March 2023 23,157

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J A S Butler and Mrs D Butler
Balance outstanding at start of year 276,058 18,561
Amounts advanced 5,013 334,497
Amounts repaid (278,058 ) (77,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,013 276,058

Family Bliss Limited (Registered number: 08930334)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Directors' interests in transactions during the year and balances outstanding at the end of the reporting period were as follows:

Directors:

20232022
££
Loan interest receivable4,3196,694

Individuals connected to the directors:

20232022
££
Amounts owed by individuals9,7609,760

13. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities over which the directors have control:

20232022
££
Loan interest receivable-10
Management fees16,00016,000
Amounts owed to entities15,2412,838

14. NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £161,378 (2022: £124,628) which is non-distributable.