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COMPANY REGISTRATION NUMBER: 14121806
BLOOTEK VENTURES CAPITAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 May 2024
BLOOTEK VENTURES CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
4
545,215
545,215
CURRENT ASSETS
Debtors
5
9,250
Cash at bank and in hand
504
656
----
-------
504
9,906
CREDITORS: amounts falling due within one year
6
( 229,584)
( 11,856)
---------
--------
NET CURRENT LIABILITIES
( 229,080)
( 1,950)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
316,135
543,265
CREDITORS: amounts falling due after more than one year
7
( 392,500)
( 542,500)
---------
---------
NET (LIABILITIES)/ASSETS
( 76,365)
765
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 76,465)
665
--------
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 76,365)
765
--------
----
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 comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLOOTEK VENTURES CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
N C Statman
Director
Company registration number: 14121806
BLOOTEK VENTURES CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 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, England.
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 been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. INVESTMENTS
Unlisted
£
Cost
At 1 June 2023 and 31 May 2024
545,215
---------
Impairment
At 1 June 2023 and 31 May 2024
---------
Carrying amount
At 31 May 2024
545,215
---------
At 31 May 2023
545,215
---------
5. DEBTORS
2024
2023
£
£
Other debtors
9,250
----
-------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
156
Amounts due to related companies
227,100
10,500
Other creditors
2,484
1,200
---------
--------
229,584
11,856
---------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
392,500
542,500
---------
---------