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REGISTERED NUMBER: 05057239







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Blue Seventy Europe Limited

Blue Seventy Europe Limited (Registered number: 05057239)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Seventy Europe Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T Moxey
L N Nicolson





SECRETARY: L N Nicolson





REGISTERED OFFICE: Marralomeda
Westward Road
Bristol
Avon
BS13 8DA





REGISTERED NUMBER: 05057239





ACCOUNTANTS: Reed & Co Accountants Limited
Marralomeda
Westward Road
Bristol
Avon
BS13 8DA

Blue Seventy Europe Limited (Registered number: 05057239)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 312,259 124,450

CREDITORS
Amounts falling due within one year 5 560,666 364,556
NET CURRENT LIABILITIES (248,407 ) (240,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(248,407

)

(240,106

)

CAPITAL AND RESERVES
Called up share capital 250,001 250,001
Retained earnings (498,408 ) (490,107 )
(248,407 ) (240,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Blue Seventy Europe Limited (Registered number: 05057239)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2025 and were signed on its behalf by:





L N Nicolson - Director


Blue Seventy Europe Limited (Registered number: 05057239)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Blue Seventy Europe Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Blue Seventy Europe Limited (Registered number: 05057239)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 312,259 124,450

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 560,666 364,556

6. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:




Transaction value -
income/ (expenses)


Balance owed by/ (owed to)

2024 2023 2024 2023
£ £ £ £
Blueseventy Limited - - (560,666) (550,934)

Blueseventy USA
LLC


-

-


189,633

186,378


The ultimate holding company is Blueseventy Limited which is incorporated in New Zealand.
Blueseventy Limited is under the control of the directors who between them own all of its issued share capital.