Registered number
06775930
Blenheim Design Limited
Filleted Accounts
31 December 2023
Blenheim Design Limited
Registered number: 06775930
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 825 1,350
Investments 4 548,290 321,332
549,115 322,682
Current assets
Debtors 5 1,796 7,456
Cash at bank and in hand 10,026 36,652
11,822 44,108
Creditors: amounts falling due within one year 6 (4,718) (12,693)
Net current assets 7,104 31,415
Total assets less current liabilities 556,219 354,097
Creditors: amounts falling due after more than one year 7 - (3,307)
Net assets 556,219 350,790
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 234,083 29,271
Profit and loss account 322,036 321,419
Shareholders' funds 556,219 350,790
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Myall
Director
Approved by the board on 28 February 2024
Blenheim Design Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% reducing balance
Computer equipment 33% straight line
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 January 2023 10,801 16,162 26,963
Additions 177 - 177
At 31 December 2023 10,978 16,162 27,140
Depreciation
At 1 January 2023 9,876 15,737 25,613
Charge for the year 277 425 702
At 31 December 2023 10,153 16,162 26,315
Net book value
At 31 December 2023 825 - 825
At 31 December 2022 925 425 1,350
4 Investments
Other
investments
£
Cost
At 1 January 2023 321,332
Additions 22,146
Revaluation 204,812
At 31 December 2023 548,290
5 Debtors 2023 2022
£ £
Trade debtors - 5,500
Other debtors 1,796 1,956
1,796 7,456
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,718 11,100
Other creditors 1,000 1,593
4,718 12,693
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan - 3,307
8 Revaluation reserve 2023 2022
£ £
At 1 January 2023 29,271 98,613
Gain/(loss) on revaluation of investments 204,812 (69,342)
At 31 December 2023 234,083 29,271
9 Controlling party
The company is controlled by the directors.
10 Other information
Blenheim Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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