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COMPANY REGISTRATION NUMBER: 14633662
BLUE PARK VENTURES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
27 February 2024
BLUE PARK VENTURES LTD
STATEMENT OF FINANCIAL POSITION
27 February 2024
27 Feb 24
Note
£
£
FIXED ASSETS
Tangible assets
5
7,466
CURRENT ASSETS
Debtors
6
201
Cash at bank and in hand
2,797
-------
2,998
CREDITORS: amounts falling due within one year
7
( 16,750)
--------
NET CURRENT LIABILITIES
( 13,752)
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 6,286)
-------
NET LIABILITIES
( 6,286)
-------
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
( 6,386)
-------
SHAREHOLDERS DEFICIT
( 6,286)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLUE PARK VENTURES LTD
STATEMENT OF FINANCIAL POSITION (continued)
27 February 2024
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
J Phillips
Director
Company registration number: 14633662
BLUE PARK VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 2 FEBRUARY 2023 TO 27 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Income Tax Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5 years
Fixtures and fittings
-
5 years
Equipment
-
5 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 11 .
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 2 February 2023
Additions
4,443
3,814
1,076
9,333
-------
-------
-------
-------
At 27 February 2024
4,443
3,814
1,076
9,333
-------
-------
-------
-------
Depreciation
At 2 February 2023
Charge for the period
889
763
215
1,867
-------
-------
-------
-------
At 27 February 2024
889
763
215
1,867
-------
-------
-------
-------
Carrying amount
At 27 February 2024
3,554
3,051
861
7,466
-------
-------
-------
-------
6. DEBTORS
27 Feb 24
£
Other debtors
201
----
7. CREDITORS: amounts falling due within one year
27 Feb 24
£
Other creditors
16,750
--------