0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,409 852 852 1,704 1,705 2,557 84,664 84,664 84,664 xbrli:pure xbrli:shares iso4217:GBP 11938316 2022-05-01 2023-04-30 11938316 2023-04-30 11938316 2022-04-30 11938316 2021-05-01 2022-04-30 11938316 2022-04-30 11938316 2021-04-30 11938316 core:FurnitureFittings 2022-05-01 2023-04-30 11938316 bus:Director1 2022-05-01 2023-04-30 11938316 core:FurnitureFittings 2022-04-30 11938316 core:FurnitureFittings 2023-04-30 11938316 core:WithinOneYear 2023-04-30 11938316 core:WithinOneYear 2022-04-30 11938316 core:ShareCapital 2023-04-30 11938316 core:ShareCapital 2022-04-30 11938316 core:RetainedEarningsAccumulatedLosses 2023-04-30 11938316 core:RetainedEarningsAccumulatedLosses 2022-04-30 11938316 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 11938316 core:Non-currentFinancialInstruments 2023-04-30 11938316 core:Non-currentFinancialInstruments 2022-04-30 11938316 core:FurnitureFittings 2022-04-30 11938316 bus:SmallEntities 2022-05-01 2023-04-30 11938316 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11938316 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11938316 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11938316 bus:FullAccounts 2022-05-01 2023-04-30 11938316 core:KeyManagementPersonnel 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 11938316
Blue Skyves Investments Ltd
Filleted Unaudited Financial Statements
30 April 2023
Blue Skyves Investments Ltd
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Blue Skyves Investments Ltd
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,705
2,557
Investments
6
84,664
84,664
--------
--------
86,369
87,221
Current assets
Debtors
7
114
Cash at bank and in hand
1,408,903
1,210,758
------------
------------
1,408,903
1,210,872
Creditors: amounts falling due within one year
8
157,244
2,935
------------
------------
Net current assets
1,251,659
1,207,937
------------
------------
Total assets less current liabilities
1,338,028
1,295,158
------------
------------
Net assets
1,338,028
1,295,158
------------
------------
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,338,027
1,295,157
------------
------------
Shareholders funds
1,338,028
1,295,158
------------
------------
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 statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 year 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 .
Blue Skyves Investments Ltd
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 8 April 2024 , and are signed on behalf of the board by:
Mr Y Roguies
Director
Company registration number: 11938316
Blue Skyves Investments Ltd
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2022: 2).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 May 2022 and 30 April 2023
3,409
-------
Depreciation
At 1 May 2022
852
Charge for the year
852
-------
At 30 April 2023
1,704
-------
Carrying amount
At 30 April 2023
1,705
-------
At 30 April 2022
2,557
-------
6. Investments
Shares in group undertakings
£
Cost
At 1 May 2022 and 30 April 2023
84,664
--------
Impairment
At 1 May 2022 and 30 April 2023
--------
Carrying amount
At 30 April 2023
84,664
--------
At 30 April 2022
84,664
--------
7. Debtors
2023
2022
£
£
Other debtors
114
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
157,244
2,935
---------
-------
9. Related party transactions
At the year end the company owed £154,989 to a director (2022: £nil).