2023-05-012024-04-302024-04-30false12557466BLUE WATER CAPITAL (LONDON) LIMITED2024-10-01iso4217:GBPxbrli:pure125574662023-05-01125574662024-04-30125574662023-05-012024-04-30125574662022-05-01125574662023-04-30125574662022-05-012023-04-3012557466bus:SmallEntities2023-05-012024-04-3012557466bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3012557466bus:AbridgedAccounts2023-05-012024-04-3012557466bus:PrivateLimitedCompanyLtd2023-05-012024-04-3012557466core:WithinOneYear2024-04-3012557466core:AfterOneYear2024-04-3012557466core:WithinOneYear2023-04-3012557466core:AfterOneYear2023-04-3012557466core:ShareCapital2024-04-3012557466core:SharePremium2024-04-3012557466core:RevaluationReserve2024-04-3012557466core:OtherReservesSubtotal2024-04-3012557466core:RetainedEarningsAccumulatedLosses2024-04-3012557466core:ShareCapital2023-04-3012557466core:SharePremium2023-04-3012557466core:RevaluationReserve2023-04-3012557466core:OtherReservesSubtotal2023-04-3012557466core:RetainedEarningsAccumulatedLosses2023-04-3012557466core:LandBuildings2024-04-3012557466core:PlantMachinery2024-04-3012557466core:Vehicles2024-04-3012557466core:FurnitureFittings2024-04-3012557466core:OfficeEquipment2024-04-3012557466core:NetGoodwill2024-04-3012557466core:IntangibleAssetsOtherThanGoodwill2024-04-3012557466core:ListedExchangeTraded2024-04-3012557466core:UnlistedNon-exchangeTraded2024-04-3012557466core:LandBuildings2023-04-3012557466core:PlantMachinery2023-04-3012557466core:Vehicles2023-04-3012557466core:FurnitureFittings2023-04-3012557466core:OfficeEquipment2023-04-3012557466core:NetGoodwill2023-04-3012557466core:IntangibleAssetsOtherThanGoodwill2023-04-3012557466core:ListedExchangeTraded2023-04-3012557466core:UnlistedNon-exchangeTraded2023-04-3012557466core:LandBuildings2023-05-012024-04-3012557466core:PlantMachinery2023-05-012024-04-3012557466core:Vehicles2023-05-012024-04-3012557466core:FurnitureFittings2023-05-012024-04-3012557466core:OfficeEquipment2023-05-012024-04-3012557466core:NetGoodwill2023-05-012024-04-3012557466core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012557466core:ListedExchangeTraded2023-05-012024-04-3012557466core:UnlistedNon-exchangeTraded2023-05-012024-04-3012557466core:MoreThanFiveYears2023-05-012024-04-3012557466core:Non-currentFinancialInstruments2024-04-3012557466core:Non-currentFinancialInstruments2023-04-3012557466dpl:CostSales2023-05-012024-04-3012557466dpl:DistributionCosts2023-05-012024-04-3012557466core:LandBuildings2023-05-012024-04-3012557466core:PlantMachinery2023-05-012024-04-3012557466core:Vehicles2023-05-012024-04-3012557466core:FurnitureFittings2023-05-012024-04-3012557466core:OfficeEquipment2023-05-012024-04-3012557466dpl:AdministrativeExpenses2023-05-012024-04-3012557466core:NetGoodwill2023-05-012024-04-3012557466core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012557466dpl:GroupUndertakings2023-05-012024-04-3012557466dpl:ParticipatingInterests2023-05-012024-04-3012557466dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3012557466core:ListedExchangeTraded2023-05-012024-04-3012557466dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3012557466core:UnlistedNon-exchangeTraded2023-05-012024-04-3012557466dpl:CostSales2022-05-012023-04-3012557466dpl:DistributionCosts2022-05-012023-04-3012557466core:LandBuildings2022-05-012023-04-3012557466core:PlantMachinery2022-05-012023-04-3012557466core:Vehicles2022-05-012023-04-3012557466core:FurnitureFittings2022-05-012023-04-3012557466core:OfficeEquipment2022-05-012023-04-3012557466dpl:AdministrativeExpenses2022-05-012023-04-3012557466core:NetGoodwill2022-05-012023-04-3012557466core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3012557466dpl:GroupUndertakings2022-05-012023-04-3012557466dpl:ParticipatingInterests2022-05-012023-04-3012557466dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3012557466core:ListedExchangeTraded2022-05-012023-04-3012557466dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3012557466core:UnlistedNon-exchangeTraded2022-05-012023-04-3012557466core:NetGoodwill2024-04-3012557466core:IntangibleAssetsOtherThanGoodwill2024-04-3012557466core:LandBuildings2024-04-3012557466core:PlantMachinery2024-04-3012557466core:Vehicles2024-04-3012557466core:FurnitureFittings2024-04-3012557466core:OfficeEquipment2024-04-3012557466core:AfterOneYear2024-04-3012557466core:WithinOneYear2024-04-3012557466core:ListedExchangeTraded2024-04-3012557466core:UnlistedNon-exchangeTraded2024-04-3012557466core:ShareCapital2024-04-3012557466core:SharePremium2024-04-3012557466core:RevaluationReserve2024-04-3012557466core:OtherReservesSubtotal2024-04-3012557466core:RetainedEarningsAccumulatedLosses2024-04-3012557466core:NetGoodwill2023-04-3012557466core:IntangibleAssetsOtherThanGoodwill2023-04-3012557466core:LandBuildings2023-04-3012557466core:PlantMachinery2023-04-3012557466core:Vehicles2023-04-3012557466core:FurnitureFittings2023-04-3012557466core:OfficeEquipment2023-04-3012557466core:AfterOneYear2023-04-3012557466core:WithinOneYear2023-04-3012557466core:Listed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BLUE WATER CAPITAL (LONDON) LIMITED

Registered Number
12557466
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

BLUE WATER CAPITAL (LONDON) LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

GUZOWSKI, Christopher
PERROTT, Mitchell John Rojo
PILNIEWICZ, Karol
ROBERTS, Daniel
SHERWIN, James

Registered Address

7 Marylebone Lane
London
W1U 1DB

Registered Number

12557466 (England and Wales)
BLUE WATER CAPITAL (LONDON) LIMITED
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid-70
Fixed assets
Tangible assets37,9917,439
7,9917,439
Current assets
Debtors451,74370,352
Cash at bank and on hand1,199,273477,766
1,251,016548,118
Creditors amounts falling due within one year5(212,032)(49,412)
Net current assets (liabilities)1,038,984498,776
Total assets less current liabilities1,046,975506,215
Creditors amounts falling due after one year6(329,970)(329,970)
Provisions for liabilities(2,118)-
Net assets714,887176,245
Capital and reserves
Called up share capital100100
Profit and loss account714,787176,145
Shareholders' funds714,887176,245
The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2024, and are signed on its behalf by:
SHERWIN, James
Director
Registered Company No. 12557466
BLUE WATER CAPITAL (LONDON) LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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 rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the 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.
Current taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 2310,021
Additions4,037
At 30 April 2414,058
Depreciation and impairment
At 01 May 232,582
Charge for year3,485
At 30 April 246,067
Net book value
At 30 April 247,991
At 30 April 237,439
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables37,46360,000
Other debtors7,1477,001
Prepayments and accrued income6,9173,351
Total51,52770,352
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,2041,019
Taxation and social security200,77245,870
Other creditors657-
Accrued liabilities and deferred income3,3992,523
Total212,03249,412
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.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors329,970329,970
Total329,970329,970
The shareholders have provided an Investor Loan in the sum of £209,970 in the financial year ending 30 April 2021. This loan carries zero interest. The loan will be written off effective June 2025 and the Company will have no liability to repay the balance from this date. Additionally during the financial year ending 30 April 2022 the shareholders provided an additional loan in the sum of £120,000 carrying interest at 1% per annum. Interest accrues daily on a simple basis and is not compounded.
7.Off-balance sheet arrangements
At 30 April 2024 the company had the following commitments under non-cancellable premises rental leases: Operating leases which expire; 2024 2023 Within one year £23,800 NIL Between two and five years NIL NIL