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COMPANY REGISTRATION NUMBER: 01430245
Blantyre Management Limited
Filleted Unaudited Financial Statements
30 April 2023
Blantyre Management Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
2,922
Current assets
Debtors
7
516
Creditors: amounts falling due within one year
8
26,571
27,972
--------
--------
Net current liabilities
26,571
27,456
--------
--------
Total assets less current liabilities
( 26,571)
( 24,534)
Creditors: amounts falling due after more than one year
9
34,428
34,428
Provisions
Taxation including deferred tax
188
--------
--------
Net liabilities
( 60,999)
( 59,150)
--------
--------
Blantyre Management Limited
Statement of Financial Position (continued)
30 April 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 61,099)
( 59,250)
--------
--------
Shareholders deficit
( 60,999)
( 59,150)
--------
--------
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 April 2024 , and are signed on behalf of the board by:
Mr R L Pincock
Director
Company registration number: 01430245
Blantyre Management Limited
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 40 Kimbolton Road, Bedford, MK40 2NR.
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.
Going concern
The director continues to support the company and considers it appropriate to prepare the accounts on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses .
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Research and Development costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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
-
33% straight line
Motor Vehicles
-
25% reducing balance
Equipment
-
20% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Development costs
£
Cost
At 1 May 2022
45,150
Additions
Disposals
( 45,150)
--------
At 30 April 2023
--------
Amortisation
At 1 May 2022
45,150
Charge for the year
Disposals
( 45,150)
--------
At 30 April 2023
--------
Carrying amount
At 30 April 2023
--------
At 30 April 2022
--------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2022
17,585
8,349
25,934
Additions
( 8,349)
( 8,349)
Disposals
( 17,585)
( 17,585)
--------
-------
--------
At 30 April 2023
--------
-------
--------
Depreciation
At 1 May 2022
17,585
5,427
23,012
Disposals
( 17,585)
( 5,427)
( 23,012)
--------
-------
--------
At 30 April 2023
--------
-------
--------
Carrying amount
At 30 April 2023
--------
-------
--------
At 30 April 2022
2,922
2,922
--------
-------
--------
7. Debtors
2023
2022
£
£
Other debtors
516
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
24,821
Trade creditors
501
Social security and other taxes
450
Other creditors
26,571
2,200
--------
--------
26,571
27,972
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,428
34,428
--------
--------
10. Director's advances, credits and guarantees
During the previous year the director received advances totalling £354. This loan was interest free and was repaid within 9 months of the previous year end.