BLOCKTHREE TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024
Blockthree Technologies Limited is a private company limited by shares and incorporated on 29 August 2019 in England and Wales, with the registered number 12180721. Its registered office is Brickham House, London Road, Devizes, SN10 2DS.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 (see note 3).
The following principal accounting policies have been applied:
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.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The year end was reduced from 31 August 2024 to 30 March 2024 to bring it in line with the other companies owned by Blockthree Holdings Limited and the sale of Five Islands Capital Limited and Pinnacle Pay Limited.
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The average monthly number of employees, including directors, during the period was 1 (2023 - 2).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Page 2
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