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REGISTERED NUMBER: 12636187 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BLUE INVESTMENT SERVICES LTD

BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE INVESTMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr S Patel
Mrs J Patel





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12636187 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152 84
Investment property 5 496,708 496,708
496,860 496,792

CURRENT ASSETS
Debtors 6 694 595
Cash at bank 3,825 2,399
4,519 2,994
CREDITORS
Amounts falling due within one year 7 234,736 200,238
NET CURRENT LIABILITIES (230,217 ) (197,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,643

299,548

CREDITORS
Amounts falling due after more than one
year

8

270,202

298,300
NET (LIABILITIES)/ASSETS (3,559 ) 1,248

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (3,659 ) 1,148
SHAREHOLDERS' FUNDS (3,559 ) 1,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

BALANCE SHEET - continued
31 MAY 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





Mr S Patel - Director


BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Blue Investment Services Ltd is a private company, limited by shares , registered in England and Wales. 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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.This is stated after trade discounts 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 150 - 150
Additions - 119 119
At 31 May 2023 150 119 269
DEPRECIATION
At 1 June 2022 66 - 66
Charge for year 21 30 51
At 31 May 2023 87 30 117
NET BOOK VALUE
At 31 May 2023 63 89 152
At 31 May 2022 84 - 84

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 496,708
NET BOOK VALUE
At 31 May 2023 496,708
At 31 May 2022 496,708

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Prepayments 694 595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax - 278
Directors' current accounts 234,197 199,481
Accrued expenses 539 479
234,736 200,238

BLUE INVESTMENT SERVICES LTD (REGISTERED NUMBER: 12636187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans more 5 yr by instal 270,202 298,300

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 270,202 298,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100