2022-04-012023-03-312023-03-31false11674413BLUECO SPORTS & ENTERTAINMENT 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BLUECO SPORTS & ENTERTAINMENT LIMITED

Registered Number
11674413
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

BLUECO SPORTS & ENTERTAINMENT LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

TERRY, John George
TERRY, Toni Isobel

Registered Address

63/66 Hatton Garden
5th Floor Suite 23
London
EC1N 8LE

Registered Number

11674413 (England and Wales)
BLUECO SPORTS & ENTERTAINMENT LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3263,7681,879
Investments45,818,097-
6,081,8651,879
Current assets
Debtors240,000402,269
Cash at bank and on hand881,122148,356
1,121,122550,625
Creditors amounts falling due within one year(193,908)(58,766)
Net current assets (liabilities)927,214491,859
Total assets less current liabilities7,009,079493,738
Creditors amounts falling due after one year(5,783,189)-
Net assets1,225,890493,738
Capital and reserves
Called up share capital100100
Profit and loss account1,225,790493,638
Shareholders' funds1,225,890493,738
The financial statements were approved and authorised for issue by the Board of Directors on 6 February 2024, and are signed on its behalf by:
TERRY, John George
Director
Registered Company No. 11674413
BLUECO SPORTS & ENTERTAINMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Vehicles10
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 222,505
Additions269,950
At 31 March 23272,455
Depreciation and impairment
At 01 April 22626
Charge for year8,061
At 31 March 238,687
Net book value
At 31 March 23263,768
At 31 March 221,879
4.Fixed asset investments

Total

£
Cost or valuation
Additions5,818,097
At 31 March 235,818,097
Net book value
At 31 March 235,818,097
At 31 March 22-