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REGISTERED NUMBER: 05063976 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

FOR

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024







DIRECTOR: Ms N S Parsons





REGISTERED OFFICE: 1580 Parkway
Solent Business Park
Whiteley
Fareham
Hampshire
PO15 7AG





REGISTERED NUMBER: 05063976 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,340

CURRENT ASSETS
Debtors 5 - 515,092
Cash at bank 841,951 1,219,894
841,951 1,734,986
CREDITORS
Amounts falling due within one year 6 33,684 1,037,822
NET CURRENT ASSETS 808,267 697,164
TOTAL ASSETS LESS CURRENT LIABILITIES 808,267 698,504

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 807,267 697,504
SHAREHOLDERS' FUNDS 808,267 698,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

BALANCE SHEET - continued
30 JUNE 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 3 October 2024 and were signed by:





Ms N S Parsons - Director


BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Bloodlines Thoroughbred Insurance Agency 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 1,950
Disposals (1,950 )
At 30 June 2024 -
DEPRECIATION
At 1 April 2023 610
Eliminated on disposal (610 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 March 2023 1,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 370,699
Other debtors - 135,449
Prepayments - 8,944
- 515,092

BLOODLINES THOROUGHBRED INSURANCE AGENCY
LIMITED (REGISTERED NUMBER: 05063976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 880,879
Corporation tax 33,684 118,633
Directors' current accounts - 4,774
Accruals - 33,536
33,684 1,037,822

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
999 Ordinary 1 999 999
1 Ordinary 'A' 1 1 1
1,000 1,000

8. RELATED PARTY DISCLOSURES

Miss N Parsons
Director

During the period under review, Miss N Parsons, the sole director of the company, met expenses on behalf of the company worth £nil (2023: £390). All transactions were undertaken on a arm's length, market value basis.

At the period end, a balance of £nil, (2023: £4,774) was included in other creditors that was owed by the company to the director. This balance was given interest free, and is repayable on demand.

During the period under review, dividends of £nil (2023: £51,428) on ordinary A class shares were paid to the director.


Mr P Bickmore
Shareholder and former director

During the period under review, Mr P Bickmore, a former director and 10% shareholder in the company, provided consultancy services worth £nil (2023: £21,601). All transactions took place on an arm's length, market value basis.