Blue Portal Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08298651 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Blue Portal Holdings Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Dickens

Mr M Hodder

REGISTERED OFFICE:

Rectifier House Newton Chambers Road

Thorncliffe Park

Sheffield

S35 2PH

REGISTERED NUMBER:

08298651 (England and Wales)

ACCOUNTANTS:

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Portal Holdings Limited for the year ended 30 November 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blue Portal Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Portal Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Blue Portal Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Portal Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue Portal Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Portal Holdings Limited. You consider that Blue Portal Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Portal Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

31 March 2025

FIXED ASSETS

Investments

4

42,628

CURRENT ASSETS

Debtors

5

1,356,127

1,146,127

Cash at bank and in hand

5,101

101

1,361,228

1,146,228

CREDITORS

Amounts falling due within one year

6

1,352,277

1,142,277

NET CURRENT ASSETS

8,951

3,951

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,579

46,579

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

51,479

46,479

51,579

46,579

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

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

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 31 March 2025 and were signed on its behalf by:

Mr D J Dickens - Director

Mr M Hodder - Director

1.	STATUTORY INFORMATION

Blue Portal Holdings 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

COST

At 1 December 2023

and 30 November 2024

18

42,610

42,628

NET BOOK VALUE

At 30 November 2024

18

42,610

42,628

At 30 November 2023

18

42,610

42,628

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

South Yorkshire Property Rentals Ltd

Registered office: England & Wales

Nature of business: Property rentals

%

Class of shares:

holding

Ordinary

67.00

Yorkshire Property Developers Ltd

Registered office:

Nature of business: Property developers

%

Class of shares:

holding

Ordinary

67.00

Blue Portal IT Ltd

Registered office:

Nature of business: Information technology consultancy

%

Class of shares:

holding

Ordinary

67.00

Associated company

Blue Portal Voice & Data Ltd

Registered office:

Nature of business: Telecommunications activities

%

Class of shares:

holding

Ordinary

33.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Amounts owed by group undertakings

1,356,127

1,146,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Other creditors

1,352,277

1,142,277

7.	RELATED PARTY DISCLOSURES

The company is related to its subsidiaries, and at 30 November 2024 the company was owed £1,356,127 (2023: £1,146,127) by its subsidiaries.

The company is also related to companies under the control of the directors, and at 30 November 2024 £1,352,277 (2023: £1,142,277) was owed by the company which is included within creditors.

8.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors, and there is no individual who controls the company.