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Registration number: 10190608

Blue Falcon Publishing Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 June 2023 to 31 December 2023

 

Blue Falcon Publishing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Blue Falcon Publishing Limited

Company Information

Director

Ms K S Gopaulsingh

Registered office

C/o KRW Accountants
The Mill, Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

Accountants

KRW Accountants Limited
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Blue Falcon Publishing Limited

(Registration number: 10190608)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Current assets

 

Cash at bank and in hand

 

4,171

644

Creditors: Amounts falling due within one year

5

(7,204)

(1,372)

Net liabilities

 

(3,033)

(728)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,133)

(828)

Shareholders' deficit

 

(3,033)

(728)

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 February 2024
 

.........................................
Ms K S Gopaulsingh
Director

 

Blue Falcon Publishing Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o KRW Accountants
The Mill, Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

These financial statements were authorised for issue by the director on 15 February 2024.

The company registration number is 10190608

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the director has confirmed her ongoing support to the company

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Blue Falcon Publishing Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Blue Falcon Publishing Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 3).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 June 2023

1,350

1,350

At 31 December 2023

1,350

1,350

Amortisation

At 1 June 2023

1,350

1,350

At 31 December 2023

1,350

1,350

Carrying amount

At 31 December 2023

-

-

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

6,119

-

Accruals and deferred income

 

-

331

Other creditors

 

1,085

1,041

 

7,204

1,372

 

Blue Falcon Publishing Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Related party transactions

Summary of transactions with parent

Writmount Publishing Inc.
 At the year end date, there was a loan owed to the parent company totalling £6,119 (May 23: £nil).