Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00672954 Mrs Judith Raynor Mrs Gabrielle Nusenbaum iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00672954 2023-03-31 00672954 2024-03-31 00672954 2023-04-01 2024-03-31 00672954 frs-core:CurrentFinancialInstruments 2024-03-31 00672954 frs-core:Non-currentFinancialInstruments 2024-03-31 00672954 frs-core:FurnitureFittings 2024-03-31 00672954 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00672954 frs-core:FurnitureFittings 2023-03-31 00672954 frs-core:ShareCapital 2024-03-31 00672954 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00672954 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00672954 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00672954 frs-bus:SmallEntities 2023-04-01 2024-03-31 00672954 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00672954 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00672954 frs-bus:Director1 2023-04-01 2024-03-31 00672954 frs-bus:Director1 2023-03-31 00672954 frs-bus:Director1 2024-03-31 00672954 frs-bus:Director2 2023-04-01 2024-03-31 00672954 frs-countries:EnglandWales 2023-04-01 2024-03-31 00672954 2022-03-31 00672954 2023-03-31 00672954 2022-04-01 2023-03-31 00672954 frs-core:CurrentFinancialInstruments 2023-03-31 00672954 frs-core:Non-currentFinancialInstruments 2023-03-31 00672954 frs-core:ShareCapital 2023-03-31 00672954 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00672954
C. & E. Bloom (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00672954
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93 124
Investment Properties 5 2,985,741 2,985,741
2,985,834 2,985,865
CURRENT ASSETS
Debtors 6 17 62,328
Cash at bank and in hand 27,253 11,490
27,270 73,818
Creditors: Amounts Falling Due Within One Year 7 (48,868 ) (70,839 )
NET CURRENT ASSETS (LIABILITIES) (21,598 ) 2,979
TOTAL ASSETS LESS CURRENT LIABILITIES 2,964,236 2,988,844
Creditors: Amounts Falling Due After More Than One Year 8 (384,003 ) (412,024 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (567,360 ) (567,360 )
NET ASSETS 2,012,873 2,009,460
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,012,773 2,009,360
SHAREHOLDERS' FUNDS 2,012,873 2,009,460
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Judith Raynor
Director
17/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C. & E. Bloom (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00672954 . The registered office is 332a Meanwood Road, Lower Ground Floor, Leeds, LS7 2JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The turnover shown in the profit and loss account represents rent receivable during the year, exclusive of VAT where applicable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 30,695
As at 31 March 2024 30,695
Depreciation
As at 1 April 2023 30,571
Provided during the period 31
As at 31 March 2024 30,602
Net Book Value
As at 31 March 2024 93
As at 1 April 2023 124
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 2,985,741
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 696,558 696,558
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 545
Other debtors 17 61,783
17 62,328
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 29,667 37,411
Other creditors 10,630 6,775
Taxation and social security 8,571 26,653
48,868 70,839
Bank loans are secured against the property to which they relate.
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 384,003 412,024
Bank loans are secured against the property to which they relate.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Judith Raynor 52,449 - 52,449 - -
The loan in the prior period was repayable on demand and was fully repaid within nine months of the year end date. Interest has been charged on this loan at the prevailing rate approved by HMRC.
11. Reserves
£1,721,823 of reserves is non distributable as it relates to the revaluation of the properties.
Page 5