Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30false2023-04-01No description of principal activity72truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14250024 2023-04-01 2024-03-30 14250024 2022-07-22 2023-03-31 14250024 2024-03-30 14250024 2023-03-31 14250024 c:Director5 2023-04-01 2024-03-30 14250024 d:CurrentFinancialInstruments 2024-03-30 14250024 d:CurrentFinancialInstruments 2023-03-31 14250024 d:Non-currentFinancialInstruments 2024-03-30 14250024 d:Non-currentFinancialInstruments 2023-03-31 14250024 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 14250024 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14250024 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-30 14250024 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14250024 d:ShareCapital 2023-04-01 2024-03-30 14250024 d:ShareCapital 2024-03-30 14250024 d:ShareCapital 2022-07-22 2023-03-31 14250024 d:ShareCapital 2023-03-31 14250024 d:SharePremium 2023-04-01 2024-03-30 14250024 d:SharePremium 2024-03-30 14250024 d:SharePremium 2022-07-22 2023-03-31 14250024 d:SharePremium 2023-03-31 14250024 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-30 14250024 d:RetainedEarningsAccumulatedLosses 2024-03-30 14250024 d:RetainedEarningsAccumulatedLosses 2022-07-22 2023-03-31 14250024 d:RetainedEarningsAccumulatedLosses 2023-03-31 14250024 c:OrdinaryShareClass1 2023-04-01 2024-03-30 14250024 c:OrdinaryShareClass1 2024-03-30 14250024 c:OrdinaryShareClass1 2023-03-31 14250024 c:OrdinaryShareClass2 2023-04-01 2024-03-30 14250024 c:OrdinaryShareClass2 2024-03-30 14250024 c:OrdinaryShareClass2 2023-03-31 14250024 c:FRS102 2023-04-01 2024-03-30 14250024 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 14250024 c:FullAccounts 2023-04-01 2024-03-30 14250024 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 14250024 6 2023-04-01 2024-03-30 14250024 e:PoundSterling 2023-04-01 2024-03-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14250024








 
BLOCKTHREE HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 MARCH 2024







Fletcher & Partners
Chartered Accountants
Salisbury

 
BLOCKTHREE HOLDINGS LIMITED
REGISTERED NUMBER: 14250024

BALANCE SHEET
AS AT 30 MARCH 2024

30 March
31 March
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
136,101

  
-
136,101

Current assets
  

Debtors: amounts falling due after more than one year
 5 
510,000
-

Debtors: amounts falling due within one year
 5 
699,799
9,501

Cash at bank and in hand
 6 
64,715
16,623

  
1,274,514
26,124

Creditors: amounts falling due within one year
 7 
(198,463)
532,522

Net current assets
  
 
 
1,076,051
 
 
558,646

Total assets less current liabilities
  
1,076,051
694,747

Creditors: amounts falling due after more than one year
 8 
(1,171,212)
(566,256)

  

Net (liabilities)/assets
  
(95,161)
128,491


Capital and reserves
  

Called up share capital 
 9 
1,073
1,073

Share premium account
  
131,814
131,814

Profit and loss account
  
(228,048)
(4,396)

  
(95,161)
128,491


Page 1

 
BLOCKTHREE HOLDINGS LIMITED
REGISTERED NUMBER: 14250024

BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 March 2025.




A Lubin
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
BLOCKTHREE HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 MARCH 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
1,073
131,814
(4,396)
128,491


Comprehensive income for the period

Loss for the period

-
-
(223,652)
(223,652)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(223,652)
(223,652)


Total transactions with owners
-
-
-
-


At 30 March 2024
1,073
131,814
(228,048)
(95,161)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
BLOCKTHREE HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period

-
-
(4,396)
(4,396)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(4,396)
(4,396)


Contributions by and distributions to owners

Shares issued during the period
1,073
131,814
-
132,887


Total transactions with owners
1,073
131,814
-
132,887


At 31 March 2023
1,073
131,814
(4,396)
128,491


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
BLOCKTHREE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

1.


General information

Blockthree Holdings Limited is a private company limited by shares and incorporated on 22 July 2022 in England and Wales with the registered number 14250024. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
BLOCKTHREE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


       30 March
Period from 22 July 2022 to
        31 March
        2024
        2023
            No.
            No.







Directors
7
2


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost


At 1 April 2023
136,101


Disposals
(136,101)



At 30 March 2024
-





5.


Debtors

Page 6

 
BLOCKTHREE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024
30 March
31 March
2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
510,000
-

510,000
-


30 March
31 March
2024
2023
£
£

Due within one year

Amounts owed by group undertakings
11,710
180

Other debtors
688,089
9,321

699,799
9,501



6.


Cash and cash equivalents

30 March
31 March
2024
2023
£
£

Cash at bank and in hand
64,715
16,623

64,715
16,623



7.


Creditors: Amounts falling due within one year

30 March
31 March
2024
2023
£
£

Trade creditors
26,876
(754,396)

Amounts owed to group undertakings
-
61,451

Amounts owed to associates
140,700
140,700

Other creditors
18,887
15,523

Accruals and deferred income
12,000
4,200

198,463
(532,522)


Page 7

 
BLOCKTHREE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

30 March
31 March
2024
2023
£
£

Other creditors
1,171,212
566,256

1,171,212
566,256



9.


Share capital

30 March
31 March
2024
2023
£
£
Allotted, called up and fully paid



998,432 (2023 - 998,430) Ordinary shares of £0.001 each
998
998
75,000 (2023 - 75,000) A shares shares of £0.001 each
75
75

1,073

1,073



10.


Related party transactions

At the end of the year, all the shareholders in Five Islands Capital Limited transferred their shares to Blockthree Holdings Limited, which owned 100% of the shares in Five Islands Capital Limited.  The ex-shareholders of Five Islands Capital Limited received in exchange for their shares, the same percentage holding in Blockthree Holdings Limited. Blockthree Holdings Limited sold 100% of their holding in Five Islands Capital Limited on 30 March 2024 to Mr A Lubin.
Five Islands Capital Limited held 100% of the ordinary share capital of Pinnaclepay Group Limited, 5I Digital D.O.O. Fiveiq Limited, Blockthree Europe D.O.O. and Blockthree Technologies Limited. Pinnaclepay Group Limited registered office is Unit B1 Hercules Office Park, Bird Hall Lane, Cheadle, GreaterManchester, SK3 0UX. 5I Digital D.O.O. and Blockthree Europe D.O.O. registered office is Radnicka cesta 48 10000, Zagreb, Grad Zagreb, Croatia. Fiveiq Limited registered office is FD Ground Floor, Accelerator Building, Masdar City Services, Masdar City, PO Box 54115, Abu Dhabi, United Arab Emirates.  5i Digital D.O.O. was sold to Mr A Lubin during the year and Blockthree Europe D.O.O. and Blockthree Technologies Limited was transferred to Blockthree Holdings Limited on 30 March 2024.
Five Islands Capital Limited owed Dexapoint (UK) Limited £442,961 at the end of the year, and the loan was novated to Blockthree Holdings Limited at this date. There is no interest charge in the year.  Dexapoint (UK) Limited is owned by one of Five Islands Capital Limited's directors, Mr A Lubin and Mr N Lubin an ex-director.  This load was transferred to Blockthree Holdings Limited on 30 March 2024.
 


Page 8