Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false1true2023-05-16falseConsultancy servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14871464 2023-05-15 14871464 2023-05-16 2024-05-31 14871464 2022-05-16 2023-05-15 14871464 2024-05-31 14871464 1 2023-05-16 2024-05-31 14871464 d:Director1 2023-05-16 2024-05-31 14871464 e:PatentsTrademarksLicencesConcessionsSimilar 2023-05-16 2024-05-31 14871464 e:PatentsTrademarksLicencesConcessionsSimilar 2024-05-31 14871464 e:CurrentFinancialInstruments 2024-05-31 14871464 e:CurrentFinancialInstruments e:WithinOneYear 2024-05-31 14871464 e:OtherMiscellaneousReserve 2023-05-16 2024-05-31 14871464 e:OtherMiscellaneousReserve 2024-05-31 14871464 e:OtherMiscellaneousReserve 1 2023-05-16 2024-05-31 14871464 e:RetainedEarningsAccumulatedLosses 2023-05-16 2024-05-31 14871464 e:RetainedEarningsAccumulatedLosses 2024-05-31 14871464 e:RetainedEarningsAccumulatedLosses 1 2023-05-16 2024-05-31 14871464 d:FRS102 2023-05-16 2024-05-31 14871464 d:AuditExempt-NoAccountantsReport 2023-05-16 2024-05-31 14871464 d:FullAccounts 2023-05-16 2024-05-31 14871464 d:PrivateLimitedCompanyLtd 2023-05-16 2024-05-31 14871464 e:PatentsTrademarksLicencesConcessionsSimilar e:ExternallyAcquiredIntangibleAssets 2023-05-16 2024-05-31 14871464 2 2023-05-16 2024-05-31 14871464 e:PatentsTrademarksLicencesConcessionsSimilar e:OwnedIntangibleAssets 2023-05-16 2024-05-31 14871464 f:PoundSterling 2023-05-16 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14871464









BLOCKOPS ADVISORY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
BLOCKOPS ADVISORY LTD
REGISTERED NUMBER: 14871464

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
101

  
101

Current assets
  

Cash at bank and in hand
 5 
72,890

  
72,890

Creditors: amounts falling due within one year
 6 
(39,132)

Net current assets
  
 
 
33,758

Total assets less current liabilities
  
33,859

  

Net assets
  
33,859


Capital and reserves
  

Other reserves
  
22

Profit and loss account
  
33,837

  
33,859


Page 1

 
BLOCKOPS ADVISORY LTD
REGISTERED NUMBER: 14871464
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M Wootton
Director

Date: 23 September 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
BLOCKOPS ADVISORY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024


Other reserves
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
114,837
114,837

Other movement
22
-
22


Other comprehensive income for the period
22
-
22


Total comprehensive income for the period
22
114,837
114,859


Contributions by and distributions to owners

Dividends: Equity capital
-
(81,000)
(81,000)


Total transactions with owners
-
(81,000)
(81,000)


At 31 May 2024
22
33,837
33,859

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BLOCKOPS ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address
of its registered office is: Blockops Advisory Ltd, 124 City Road, London EC1V 2NX, United Kingdom. The financial statements are prepared in GBP ("£") which is the functional and presentational currency of the primary economic environment in which the ocmpany operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
BLOCKOPS ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Digital assets
-
10
years

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the
Page 5

 
BLOCKOPS ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2024
            No.






Average number of employees
1

Page 6

 
BLOCKOPS ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Intangible assets



Digital Assets

£



Cost


Additions
128,717


Disposals
(128,615)


Revaluation surplus
9



At 31 May 2024

111



Amortisation


Charge for the period on owned assets
12,872


On disposals
(12,862)



At 31 May 2024

10



Net book value



At 31 May 2024
101




5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
72,890

Less: bank overdrafts
(14)

72,876


Page 7

 
BLOCKOPS ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
14

Corporation tax
36,079

Other creditors
39

Accruals and deferred income
3,000

39,132


 
Page 8