0 false false false false false false false false false false true false false false false true true No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 104,994 67,779 9,767 77,546 27,448 37,215 1,965,704 1,965,704 1,965,704 xbrli:pure xbrli:shares iso4217:GBP 09553471 2023-04-01 2024-03-31 09553471 2024-03-31 09553471 2023-03-31 09553471 2022-04-01 2023-03-31 09553471 2023-03-31 09553471 2022-03-31 09553471 core:PlantMachinery 2023-04-01 2024-03-31 09553471 bus:Director5 2023-04-01 2024-03-31 09553471 core:PlantMachinery 2023-03-31 09553471 core:PlantMachinery 2024-03-31 09553471 core:WithinOneYear 2024-03-31 09553471 core:WithinOneYear 2023-03-31 09553471 core:ShareCapital 2024-03-31 09553471 core:ShareCapital 2023-03-31 09553471 core:SharePremium 2024-03-31 09553471 core:SharePremium 2023-03-31 09553471 core:RetainedEarningsAccumulatedLosses 2024-03-31 09553471 core:RetainedEarningsAccumulatedLosses 2023-03-31 09553471 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 09553471 core:Non-currentFinancialInstruments 2024-03-31 09553471 core:Non-currentFinancialInstruments 2023-03-31 09553471 core:PlantMachinery 2023-03-31 09553471 bus:SmallEntities 2023-04-01 2024-03-31 09553471 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09553471 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09553471 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09553471 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 09553471
Bluestream Trading Co Limited
Filleted Unaudited Financial Statements
31 March 2024
Bluestream Trading Co Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
27,448
37,215
Investments
6
1,965,704
1,965,704
------------
------------
1,993,152
2,002,919
Current assets
Debtors
7
4,920
9,145
Cash at bank and in hand
14,589
27,342
--------
--------
19,509
36,487
Creditors: amounts falling due within one year
8
117,641
77,913
---------
--------
Net current liabilities
98,132
41,426
------------
------------
Total assets less current liabilities
1,895,020
1,961,493
------------
------------
Net assets
1,895,020
1,961,493
------------
------------
Capital and reserves
Called up share capital
24,996
24,996
Share premium account
2,575,568
2,575,568
Profit and loss account
( 705,544)
( 639,071)
------------
------------
Shareholders funds
1,895,020
1,961,493
------------
------------
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 comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bluestream Trading Co Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 20 June 2024 , and are signed on behalf of the board by:
Mr Malcolm Richie
Director
Company registration number: 09553471
Bluestream Trading Co Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor 100 Cannon Street, London, EC4N 6EU, England.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery
-
15% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:
2024
2023
No.
No.
Administrative staff
1
----
----
The aggregate payroll costs incurred during the year, relating to the above, were:
2024
2023
£
£
Social security costs
421
----
----
5. Tangible assets
Plant and machinery
£
Cost
At 1 April 2023 and 31 March 2024
104,994
---------
Depreciation
At 1 April 2023
67,779
Charge for the year
9,767
---------
At 31 March 2024
77,546
---------
Carrying amount
At 31 March 2024
27,448
---------
At 31 March 2023
37,215
---------
6. Investments
Investment in subsidiary
£
Cost
At 1 April 2023 and 31 March 2024
1,965,704
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
1,965,704
------------
At 31 March 2023
1,965,704
------------
7. Debtors
2024
2023
£
£
Trade debtors
2,712
2,712
Other debtors
2,208
6,433
-------
-------
4,920
9,145
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,978
21,963
Amounts owed to group undertakings and undertakings in which the company has a participating interest
100,000
50,000
Social security and other taxes
2,250
Other creditors
9,663
3,700
---------
--------
117,641
77,913
---------
--------