Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false22023-10-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10882216 2023-10-01 2024-09-30 10882216 2022-10-01 2023-09-30 10882216 2024-09-30 10882216 2023-09-30 10882216 2022-10-01 10882216 c:PriorPeriodIncreaseDecrease 2023-10-01 2024-09-30 10882216 2 2023-10-01 2024-09-30 10882216 2 2022-10-01 2023-09-30 10882216 6 2023-10-01 2024-09-30 10882216 6 2022-10-01 2023-09-30 10882216 e:Director1 2023-10-01 2024-09-30 10882216 c:CurrentFinancialInstruments 2024-09-30 10882216 c:CurrentFinancialInstruments 2023-09-30 10882216 c:Non-currentFinancialInstruments 2024-09-30 10882216 c:Non-currentFinancialInstruments 2023-09-30 10882216 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 10882216 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 10882216 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 10882216 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 10882216 c:UKTax 2023-10-01 2024-09-30 10882216 c:UKTax 2022-10-01 2023-09-30 10882216 c:ShareCapital 2024-09-30 10882216 c:ShareCapital 2023-09-30 10882216 c:ShareCapital 2022-10-01 10882216 c:SharePremium 2024-09-30 10882216 c:SharePremium c:PriorPeriodIncreaseDecrease 2023-10-01 2024-09-30 10882216 c:SharePremium 2 2023-10-01 2024-09-30 10882216 c:SharePremium 2023-09-30 10882216 c:SharePremium 2022-10-01 10882216 c:SharePremium 2 2022-10-01 2023-09-30 10882216 c:OtherMiscellaneousReserve 2024-09-30 10882216 c:OtherMiscellaneousReserve c:PriorPeriodIncreaseDecrease 2023-10-01 2024-09-30 10882216 c:OtherMiscellaneousReserve 2 2023-10-01 2024-09-30 10882216 c:OtherMiscellaneousReserve 2023-09-30 10882216 c:OtherMiscellaneousReserve 2022-10-01 10882216 c:OtherMiscellaneousReserve 2 2022-10-01 2023-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2024-09-30 10882216 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-10-01 2024-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2 2023-10-01 2024-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2023-09-30 10882216 c:RetainedEarningsAccumulatedLosses 2022-10-01 10882216 c:RetainedEarningsAccumulatedLosses 2 2022-10-01 2023-09-30 10882216 e:OrdinaryShareClass1 2023-10-01 2024-09-30 10882216 e:OrdinaryShareClass1 2024-09-30 10882216 e:OrdinaryShareClass1 2023-09-30 10882216 e:FRS102 2023-10-01 2024-09-30 10882216 e:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10882216 e:FullAccounts 2023-10-01 2024-09-30 10882216 e:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10882216 c:Subsidiary1 2023-10-01 2024-09-30 10882216 c:Subsidiary1 1 2023-10-01 2024-09-30 10882216 6 2023-10-01 2024-09-30 10882216 c:ShareCapital 2 2023-10-01 2024-09-30 10882216 c:ShareCapital 2 2022-10-01 2023-09-30 10882216 f:PoundSterling 2023-10-01 2024-09-30 10882216 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-10-01 2024-09-30 10882216 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-09-30 10882216 c:PreviouslyStatedAmount 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10882216









BLOOM CREATIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BLOOM CREATIVE LIMITED
REGISTERED NUMBER: 10882216

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
74,700
74,700

  
74,700
74,700

Current assets
  

Debtors: amounts falling due within one year
 6 
13,552
95,199

  
13,552
95,199

Creditors: amounts falling due within one year
 7 
(76,790)
(76,384)

Net current (liabilities)/assets
  
 
 
(63,238)
 
 
18,815

Total assets less current liabilities
  
11,462
93,515

Creditors: amounts falling due after more than one year
 8 
-
(83,328)

  

Net assets
  
11,462
10,187


Capital and reserves
  

Called up share capital 
 9 
200
200

Share premium account
  
9,900
9,900

Other reserves
  
22
46

Profit and loss account
  
1,340
41

  
11,462
10,187


Page 1

 
BLOOM CREATIVE LIMITED
REGISTERED NUMBER: 10882216
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 year 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 5 March 2025.




J Beighton
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
BLOOM CREATIVE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


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

£
£
£
£
£


At 1 October 2022
200
9,900
100
(1,460)
8,740



Profit for the year
-
-
-
90,447
90,447

Dividends: Equity capital
-
-
-
(89,000)
(89,000)

Purchase of own shares
-
-
(54)
54
-



At 1 October 2023 (as previously stated)
200
9,900
46
(3,059)
7,087

Prior year adjustment
-
-
-
3,100
3,100


At 1 October 2023 (as restated)
200
9,900
46
41
10,187



Profit for the year
-
-
-
86,275
86,275

Dividends: Equity capital
-
-
-
(85,000)
(85,000)

Purchase of own shares
-
-
(24)
24
-


At 30 September 2024
200
9,900
22
1,340
11,462


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bloom Creative Limited is a private company, limited by shares, incorporated in England & Wales, registration number 10882216. The registered office is 3rd Floor Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ.

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 Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.

The Company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are confident that the Company can meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. As such, the directors consider that the accounts have been properly prepared on a going concern basis.

Page 4

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
Page 5

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade debtors and creditors, are measured,
initially and subsequently, at the undiscounted amount of the cash or other consideration expected
to be paid or received. However, if the arrangements of a short-term instrument constitute a
financing transaction, like the payment of a trade debt deferred beyond normal business terms or in
case of an out-right short-term loan that is not at market rate, the financial asset or liability is
measured, initially at the present value of future cash flows discounted at a market rate of interest
for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a
director in the case of a small company, or a public benefit entity concessionary loan.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
406
-


406
-


Total current tax
406
-

Deferred tax

Total deferred tax
-
-


Tax on profit
406
-
Page 6

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
4.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 25%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
86,681
90,447


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)
21,670
19,906

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
105
92

Exempt ADGH distributions
(21,250)
(19,587)

Group relief surrendered/(claimed)
(525)
-

Adjustment to tax charge in respect of previous periods
406
-

Marginal relief
-
(5)

Under provision
-
(406)

Total tax charge for the year
406
-


Factors that may affect future tax charges

Enter details here


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
74,700



At 30 September 2024
74,700




Page 7

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Platform Post Production Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 30 September 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Platform Post Production Limited
280,333
(329,551)


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,744
83,391

Other debtors
1,808
1,808

Called up share capital not paid
10,000
10,000

13,552
95,199


The amounts owed by group understandings are unsecured, interest-free and repayable on demand.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
406
-

Other creditors
76,384
76,384

76,790
76,384


The amounts owed by group understandings are unsecured, interest-free and repayable on demand.

Page 8

 
BLOOM CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
83,328

-
83,328



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200



10.


Treasury Shares

During the year the Company completed a buy back of shares from a shareholder. The shares are
currently being held within treasury with a nominal value of £22 (
2023 - £46) and were subsequently
cancelled post year-end.


11.


Prior year adjustment

These financial statements reflect a prior year adjustment where management recharges, dividend income received and dividend income paid had not been correctly accounted for. The impact on the prior year is to increase revenue by £3,100, dividend income by £89,000 and show dividends paid of £89,000. The net impact was an increase in retained earnings as at 30 September 2023 by £3,100.


12.


Related party transactions

Bloom Creative Limited has taken the exemption under FRS 102, Section 33 Related Party Disclosuresparagraph 33.1A, whereby the Company is not required to disclose transactions with other wholly ownedsubsidiaries and members of the group

 
Page 9