2022-12-012023-11-302023-11-30false11029242BLUE CHIP TECHNOLOGY TRUSTEES 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BLUE CHIP TECHNOLOGY TRUSTEES LIMITED

Registered Number
11029242
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

BLUE CHIP TECHNOLOGY TRUSTEES LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

CLARKSON, Peter David
MCCANN, Brian Francis
TOWELL, Jessica Lauren

Registered Address

Chowley Oak
Tattenhall
Chester
CH3 9EX

Registered Number

11029242 (England and Wales)
BLUE CHIP TECHNOLOGY TRUSTEES LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments33,500,0003,500,000
3,500,0003,500,000
Current assets
Cash at bank and on hand5,57642
5,57642
Creditors amounts falling due within one year4(277,280)(272,419)
Net current assets (liabilities)(271,704)(272,377)
Total assets less current liabilities3,228,2963,227,623
Creditors amounts falling due after one year5(135,714)(407,143)
Net assets3,092,5822,820,480
Capital and reserves
Called up share capital11
Profit and loss account3,092,5812,820,479
Shareholders' funds3,092,5822,820,480
The financial statements were approved and authorised for issue by the Board of Directors on 5 August 2024, and are signed on its behalf by:
CLARKSON, Peter David
Director
MCCANN, Brian Francis
Director
TOWELL, Jessica Lauren
Director

Registered Company No. 11029242
BLUE CHIP TECHNOLOGY TRUSTEES LIMITED
Notes to the Financial Statements
for the year ended 30 November 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 December 223,500,0003,500,000
At 30 November 233,500,0003,500,000
Net book value
At 30 November 233,500,0003,500,000
At 30 November 223,500,0003,500,000

Notes

1Investments in group undertakings and participating interests
4.Creditors: amounts due within one year

2023

2022

££
Other creditors276,500271,429
Accrued liabilities and deferred income780990
Total277,280272,419
5.Creditors: amounts due after one year

2023

2022

££
Other creditors135,714407,143
Total135,714407,143