REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30th November 2023 |
for |
BLOCKSTONE HOLDINGS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 30th November 2023 |
for |
BLOCKSTONE HOLDINGS LTD |
BLOCKSTONE HOLDINGS LTD (Registered number: 13732155) |
Contents of the Financial Statements |
For The Year Ended 30th November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BLOCKSTONE HOLDINGS LTD |
Company Information |
For The Year Ended 30th November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
5 Century Court |
Tolpits Lane |
Watford |
Hertfordshire |
WD18 9PX |
BLOCKSTONE HOLDINGS LTD (Registered number: 13732155) |
Balance Sheet |
30th November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
BLOCKSTONE HOLDINGS LTD (Registered number: 13732155) |
Notes to the Financial Statements |
For The Year Ended 30th November 2023 |
1. | STATUTORY INFORMATION |
BLOCKSTONE HOLDINGS LTD is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible fixed assets and amortization - intellectual property |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Intellectual property assets are proprietary algorithmic trading system profiles. It is amortized to the profit and loss account over its |
estimated economic life of 10 years. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Going concern disclosure |
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BLOCKSTONE HOLDINGS LTD (Registered number: 13732155) |
Notes to the Financial Statements - continued |
For The Year Ended 30th November 2023 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st December 2022 |
and 30th November 2023 |
AMORTISATION |
At 1st December 2022 |
Charge for year |
At 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CURRENT ASSET INVESTMENTS |
2023 | 2022 |
£ | £ |
Unlisted investments | 72,541 | 22,729 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
BLOCKSTONE HOLDINGS LTD (Registered number: 13732155) |
Notes to the Financial Statements - continued |
For The Year Ended 30th November 2023 |
8. | RELATED PARTY DISCLOSURES |
Mr P. Albrecht, designated member Meliora Capital LLP |
Corporate Membership - Meliora Capital LLP |
Other debtors include £171,955 of funds applied to Mr P Albrecht for and on behalf of the LLP, repayable and non-interest bearing. |
Meliora Capital LLP |
Corporate Membership - Meliora Capital LLP |
Other Debtors > 1 year includes £43,200 of initial expenses and funds applied directly for the benefit of Meliora Capital LLP. No repayment terms are agreed. |
Current Liabilities include a callable loan of £75,271 from Meliora Capital LLP. |
Blockstone Holding Ltd is a corporate member of Meliora Capital LLP, UK Company number OC416364. |
Blockstone Digital Assets Multi-Strategy Fund |
Current Liabilities include a loan of £40,831 from Blockstone Digital Assets Multi-Strategy Fund. |
Blockstone Holdings Ltd is a controller of Blockstone Digital Assets Multi-Strategy Fund through its ownership of the Founder Shares of Blockstone Digital Assets Multi-Strategy Fund. |
Goldstone Capital Management PTE Ltd |
Consulting payments totalling £50,051 were paid to Goldstone Capital Management Pte Ltd for services rendered in Singapore and Hong Kong. Goldstone Capital Management Pte Ltd is majority owned and controlled by Carl Szantyr. |
Yevgeny Bebnev |
Consulting payments totalling £54,758 were paid to Yevgeny Bebnev, minority shareholder of the company. |