Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mrs S Taylor 28/04/1998 Mr V C Taylor 28/04/1998 04 November 2024 The principal activity of the Company during the financial year was that of property rental. 03496701 2024-04-30 03496701 bus:Director1 2024-04-30 03496701 bus:Director2 2024-04-30 03496701 2023-04-30 03496701 core:CurrentFinancialInstruments 2024-04-30 03496701 core:CurrentFinancialInstruments 2023-04-30 03496701 core:ShareCapital 2024-04-30 03496701 core:ShareCapital 2023-04-30 03496701 core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 03496701 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 03496701 core:RetainedEarningsAccumulatedLosses 2024-04-30 03496701 core:RetainedEarningsAccumulatedLosses 2023-04-30 03496701 2023-05-01 2024-04-30 03496701 bus:FilletedAccounts 2023-05-01 2024-04-30 03496701 bus:SmallEntities 2023-05-01 2024-04-30 03496701 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03496701 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03496701 bus:Director1 2023-05-01 2024-04-30 03496701 bus:Director2 2023-05-01 2024-04-30 03496701 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 03496701 (England and Wales)

BLUNMADE LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

BLUNMADE LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BLUNMADE LTD

BALANCE SHEET

As at 30 April 2024
BLUNMADE LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 550,000 785,000
550,000 785,000
Current assets
Debtors 4 3,460 11,468
Cash at bank and in hand 444,220 195,721
447,680 207,189
Creditors: amounts falling due within one year 5 ( 29,867) ( 11,707)
Net current assets 417,813 195,482
Total assets less current liabilities 967,813 980,482
Provision for liabilities ( 47,183) ( 50,825)
Net assets 920,630 929,657
Capital and reserves
Called-up share capital 14,000 14,000
Fair value reserve 193,806 299,999
Profit and loss account 712,824 615,658
Total shareholders' funds 920,630 929,657

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Blunmade Ltd (registered number: 03496701) were approved and authorised for issue by the Board of Directors on 04 November 2024. They were signed on its behalf by:

Mrs S Taylor
Director
BLUNMADE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BLUNMADE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blunmade Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rents receivable.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 01 May 2023 785,000
Fair value movement (109,835)
Disposals (125,165)
As at 30 April 2024 550,000

There has been no valuation of investment property by an independent valuer.

The class of asset has a current value of £550,000 (2023 - £785,000) with a carrying amount of historical cost of £309,011 (2023 - £434.176). The depreciation on this historical cost is £nil (2023 - £nil).

4. Debtors

2024 2023
£ £
Trade debtors 2,088 9,758
Other debtors 1,372 1,710
3,460 11,468

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 19,100 2,917
Other creditors 10,767 8,790
29,867 11,707

6. Related party transactions

Transactions with the entity's directors

Advances

During the year one of the directors maintained an interest-free loan account with the company which is repayable on demand.

At the balance sheet date the amount due to the director was £7,244 (2023 - £5,350).