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Registration number: 09663604

Blue And White Capital Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Blue And White Capital Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Blue And White Capital Limited

Company Information

Directors

A S Franks

R L East

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Blue And White Capital Limited

(Registration number: 09663604)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,532

5,435

Current assets

 

Debtors

5

413,822

35,394

Cash at bank and in hand

 

279,845

214,214

 

693,667

249,608

Creditors: Amounts falling due within one year

6

(179,493)

(82,577)

Net current assets

 

514,174

167,031

Total assets less current liabilities

 

519,706

172,466

Creditors: Amounts falling due after more than one year

6

(270,000)

-

Net assets

 

249,706

172,466

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

249,606

172,366

Shareholders' funds

 

249,706

172,466

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Blue And White Capital Limited

(Registration number: 09663604)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:



 

.........................................

A S Franks

Director

 

Blue And White Capital Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of financial management services. Turnover is shown net of value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Blue And White Capital Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% Straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 14).

 

Blue And White Capital Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

7,389

7,389

Additions

2,097

2,097

At 30 June 2024

9,486

9,486

Depreciation

At 1 July 2023

1,954

1,954

Charge for the year

2,000

2,000

At 30 June 2024

3,954

3,954

Carrying amount

At 30 June 2024

5,532

5,532

At 30 June 2023

5,435

5,435

5

Debtors

Current

2024
£

2023
£

Trade debtors

130

48

Prepayments

316,895

3,522

Other debtors

96,797

31,824

 

413,822

35,394

 

Blue And White Capital Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

123,377

28,387

Taxation and social security

22,521

36,208

Accruals and deferred income

28,437

12,143

Other creditors

5,158

5,839

179,493

82,577

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

270,000

-

 

Blue And White Capital Limited

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

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

75,253

86,452

Summary of transactions with parent

Blue Lizard Consulting Limited

During the period the company provided services to Blue Lizard Consulting Limited amounting to £1,560,000 (2023 - £1,200,000).

Included in other creditors is a balance due to Blue Lizard Consulting Limited of £270,002 (2023 - £2)

Blue Lizard Consulting Limited is the parent company of Blue And White Capital Limited.

 

Summary of transactions with entities with joint control or significant interest

Star Lizard Consulting Limited
 
During the period the company paid Star Lizard Consulting Limited £503,799 (2023 - £552,500) in respect of services received. A director of Blue and White Capital Limited has significant control of Star Lizard Consulting Limited.

Summary of transactions with other related parties

Mr A G Bloom
 
During the period the company provided services to Mr A G Bloom amounting to £50,000 (2023 - £50,000). Mr A G Bloom is the ultimate beneficial owner of Blue and White Capital Limited.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Parent and ultimate parent undertaking

The company's immediate parent is Blue Lizard Consulting Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr A G Bloom.