Blis Group Limited
Annual Report and Unaudited Financial Statements
For the year ended 30 June 2024
Company Registration No. 13429419 (England and Wales)
Blis Group Limited
Company Information
Directors
G Isbister
P S Dhami
Company number
13429419
Registered office
85 Great Portland Street
First Floor
London
England
W1W 7LT
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Blis Group Limited
Contents
Page
Directors' report
1
Accountants' report
2
Statement of comprehensive income
3
Balance sheet
4
Notes to the financial statements
5 - 7
Blis Group Limited
Directors' Report
For the year ended 30 June 2024
Page 1

The directors present their annual report and financial statements for the year ended 30 June 2024.

Principal activities

The principal activity of the company continued to be that of a holding company.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

G Isbister
P S Dhami
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
G Isbister
Director
20 December 2024
Blis Group Limited
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Blis Group Limited for the year ended 30 June 2024
Page 2

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blis Group Limited for the year ended 30 June 2024 which comprise the statement of comprehensive income, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation

This report is made solely to the Board of Directors of Blis Group Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blis Group Limited and state those matters that we have agreed to state to the Board of Directors of Blis Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blis Group Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Blis Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blis Group Limited. You consider that Blis Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blis Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Kingston Smith LLP
14 January 2025
Chartered Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
W1T 1QL
Blis Group Limited
Statement of Comprehensive Income
For the year ended 30 June 2024
Page 3
2024
2023
Notes
£000's
£000's
Administrative expenses
(4)
(15)
Interest receivable and similar income
3
-
0
9,439
Interest payable and similar expenses
4
-
0
(577)
(Loss)/profit before taxation
(4)
8,847
Tax on (loss)/profit
-
0
-
0
(Loss)/profit for the financial year
(4)
8,847
Blis Group Limited
Balance Sheet
As at 30 June 2024
Page 4
2024
2023
Notes
£000's
£000's
£000's
£000's
Fixed assets
Investments
5
71,103
71,103
Current assets
Debtors
6
1,169
1,163
Creditors: amounts falling due within one year
7
(1,188)
(1,178)
Net current liabilities
(19)
(15)
Net assets
71,084
71,088
Capital and reserves
Called up share capital
8
4
4
Share premium account
20,540
20,540
Profit and loss reserves
50,540
50,544
Total equity
71,084
71,088

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 December 2024 and are signed on its behalf by:
G  Isbister
Director
Company Registration No. 13429419
Blis Group Limited
Notes to the Financial Statements
For the year ended 30 June 2024
Page 5
1
Accounting policies
Company information

Blis Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 85 Great Portland Street, First Floor, London, England, W1W 7LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £000's.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Blis Group Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 6
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Interest receivable and similar income
2024
2023
£000's
£000's
Interest receivable and similar income includes the following:
Income from shares in group undertakings
-
0
8,241
Interest receivable from group companies
-
0
1,198
4
Interest payable and similar expenses
2024
2023
£000's
£000's
Interest payable and similar expenses includes the following:
Interest payable to group undertakings
-
0
577
Finance costs for financial instruments measured at fair value through profit or loss
-
5
Fixed asset investments
2024
2023
£000's
£000's
Shares in group undertakings and participating interests
71,103
71,103
Blis Group Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 7
6
Debtors
2024
2023
Amounts falling due within one year:
£000's
£000's
Amounts owed by group undertakings
1,169
1,163
7
Creditors: amounts falling due within one year
2024
2023
£000's
£000's
Amounts owed to group undertakings
1,184
1,178
Accruals and deferred income
4
-
0
1,188
1,178
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£000's
£000's
Issued and fully paid
Ordinary Shares of 0.00001p each
396,857,529
396,857,529
4
4

In the prior year, the company issued 4,566,442,100,000 ordinary shares of £0.0001 out of its merger reserve.

 

In the prior year, the company also reduced its share capital by 4,566,442,100,000 ordinary shares of £0.0001.

 

There were no changes in the current year.

9
Financial commitments, guarantees and contingent liabilities

There are a fixed charges over Blis Group in relation to:

 

There is a floating charge over Blis Group Limited in relation to all its assets and undertaking wherever located both present and future.

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