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REGISTERED NUMBER: 07905480 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BLUE STEEL INVESTMENTS LIMITED

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE STEEL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2024







DIRECTOR: B Soteriou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 07905480 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,291 41,927
Investment property 5 1,000,000 1,000,000
1,033,291 1,041,927

CURRENT ASSETS
Debtors 6 3,891 1,155
Cash at bank 513 3,278
4,404 4,433
CREDITORS
Amounts falling due within one year 7 47,877 45,487
NET CURRENT LIABILITIES (43,473 ) (41,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,818

1,000,873

CREDITORS
Amounts falling due after more than one
year

8

(167,678

)

(172,132

)

PROVISIONS FOR LIABILITIES (138,603 ) (138,603 )
NET ASSETS 683,537 690,138

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 435,990 435,990
Retained earnings 246,547 253,148
SHAREHOLDERS' FUNDS 683,537 690,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

BALANCE SHEET - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





B Soteriou - Director


BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024

1. STATUTORY INFORMATION

Blue Steel Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of trading property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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.

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 999 4,663 50,917 2,539 59,118
Additions 2,457 - - - 2,457
At 31 January 2024 3,456 4,663 50,917 2,539 61,575
DEPRECIATION
At 1 February 2023 578 2,696 12,729 1,188 17,191
Charge for year 719 492 9,547 335 11,093
At 31 January 2024 1,297 3,188 22,276 1,523 28,284
NET BOOK VALUE
At 31 January 2024 2,159 1,475 28,641 1,016 33,291
At 31 January 2023 421 1,967 38,188 1,351 41,927

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 48,033
Reclassification/transfer 2,884
At 31 January 2024 50,917
DEPRECIATION
At 1 February 2023 12,008
Charge for year 9,547
Reclassification/transfer 721
At 31 January 2024 22,276
NET BOOK VALUE
At 31 January 2024 28,641
At 31 January 2023 36,025

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,000,000
NET BOOK VALUE
At 31 January 2024 1,000,000
At 31 January 2023 1,000,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 473,121
Valuation in 2023 101,471
Cost 425,408
1,000,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 425,408 425,408

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 459 -
Other debtors 3,432 1,155
3,891 1,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,140 9,890
Hire purchase contracts 9,607 9,607
Trade creditors 2,514 985
Taxation and social security 3,244 2,133
Other creditors 22,372 22,872
47,877 45,487

BLUE STEEL INVESTMENTS LIMITED (REGISTERED NUMBER: 07905480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,806 24,947
Hire purchase contracts 24,017 33,623
Other creditors 128,855 113,562
167,678 172,132

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 435,990