Registered number
06775930
Blenheim Design Limited
Filleted Accounts
31 December 2024
Blenheim Design Limited
Registered number: 06775930
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 825 825
Investments 4 511,803 548,290
512,628 549,115
Current assets
Debtors 5 11,623 1,796
Cash at bank and in hand 5,831 10,026
17,454 11,822
Creditors: amounts falling due within one year 6 (16,066) (4,718)
Net current assets 1,388 7,104
Net assets 514,016 556,219
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 265,351 234,083
Profit and loss account 248,565 322,036
Shareholders' funds 514,016 556,219
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Myall
Director
Approved by the board on 31 January 2025
Blenheim Design Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% reducing balance
Computer equipment 33% straight line
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 January 2024 10,978 16,162 27,140
Additions - 312 312
At 31 December 2024 10,978 16,474 27,452
Depreciation
At 1 January 2024 10,153 16,162 26,315
Charge for the year 205 107 312
At 31 December 2024 10,358 16,269 26,627
Net book value
At 31 December 2024 620 205 825
At 31 December 2023 825 - 825
4 Investments
Other
investments
£
Cost
At 1 January 2024 548,290
Additions 27,245
Revaluation 31,268
Disposals (95,000)
At 31 December 2024 511,803
5 Debtors 2024 2023
£ £
Other debtors 11,623 1,796
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,066 3,718
Other creditors 15,000 1,000
16,066 4,718
7 Revaluation reserve 2024 2023
£ £
At 1 January 2024 234,083 29,271
Gain on revaluation of investments 31,268 204,812
At 31 December 2024 265,351 234,083
8 Controlling party
The company is controlled by the directors.
9 Other information
Blenheim Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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