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REGISTERED NUMBER: 02815797 (England and Wales)















Bloomsbury Minerals Economics Limited

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2024






Bloomsbury Minerals Economics Limited (Registered number: 02815797)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Bloomsbury Minerals Economics Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr N C P Hollands
Ms B A Sotowicz
Mr S.J.D Benney



REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG



REGISTERED NUMBER: 02815797 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: NatWest
Chancery Lane & Holborn Branch
332 High Holbron
London
WC1V 7PS

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Mr N C P Hollands
Ms B A Sotowicz
Mr S.J.D Benney

Other changes in directors holding office are as follows:

Mr J M Hollands - resigned 6 September 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr N C P Hollands - Director


11 March 2025

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 279
Investments 5 1,271,170 776,575
1,271,170 776,854

CURRENT ASSETS
Debtors 6 3,233,393 3,276,300
Cash at bank 1,243,368 2,403,266
4,476,761 5,679,566
CREDITORS
Amounts falling due within one year 7 4,439 350,442
NET CURRENT ASSETS 4,472,322 5,329,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,743,492

6,105,978

CAPITAL AND RESERVES
Called up share capital 1,806 1,806
Share premium 63,052 63,052
Capital redemption reserve 1,394 1,394
Retained earnings 5,677,240 6,039,726
SHAREHOLDERS' FUNDS 5,743,492 6,105,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mr N C P Hollands - Director


Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bloomsbury Minerals Economics Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at fair value along with loans to these entities, ensuring that fluctuations in asset value are accurately reflected in the company's accounts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Investments
Fixed asset investments are stated at market value.

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 10,392
DEPRECIATION
At 1 July 2023 10,113
Charge for year 279
At 30 June 2024 10,392
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 279

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 170 776,405 776,575
Additions - 401,200 401,200
Revaluations 791,000 - 791,000
Impairments (339,000 ) (358,605 ) (697,605 )
At 30 June 2024 452,170 819,000 1,271,170
NET BOOK VALUE
At 30 June 2024 452,170 819,000 1,271,170
At 30 June 2023 170 776,405 776,575

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Shares in Interest
group in
undertakings associate Totals
£    £    £   
Valuation in 2024 452,000 190,343 642,343
Cost 170 628,657 628,827
452,170 819,000 1,271,170

During the year the company had two subsidiary companies, Bloomsbury Natural Capital Ltd and Bloomsbury Information Capital Ltd.

The company owned 85 shares in Bloomsbury Natural Capital Ltd which is an 85% subsidiary of the company. Bloomsbury Natural Capital Ltd is an investment vehicle and as of 30th June 2024 its share portfolio was valued at £431,071 which resulted in an impairment of £339,000.

The company owned 85 shares in Bloomsbury Information Capital Ltd which is an 85% subsidiary of the company. Bloomsbury Information Capital Ltd is an investment vehicle and as of 30th June 2024 its share portfolio was valued at £2,338,861 which resulted in an increased valuation of £791,000.

6. DEBTORS
30/6/24 30/6/23
£    £   
Amounts falling due within one year:
Other debtors 337,500 339,659
Loan to Skarn Associates Ltd - 200,000
Loan to O'Donnell 242,700 -
Directors' loan accounts 776,092 1,000,000
Prepayments 9,696 -
1,365,988 1,539,659

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,867,405 1,736,641

Aggregate amounts 3,233,393 3,276,300

Bloomsbury Minerals Economics Limited (Registered number: 02815797)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Tax - 337,500
Other creditors - 9,000
Accrued expenses 4,439 3,942
4,439 350,442