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REGISTERED NUMBER: 13502746 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BLUE VISBY WORLDWIDE SYSTEMS LIMITED

BLUE VISBY WORLDWIDE SYSTEMS LIMITED (REGISTERED NUMBER: 13502746)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BLUE VISBY WORLDWIDE SYSTEMS LIMITED

Company Information
for the year ended 31 December 2024







Directors: C Wounlund
P T Pakkanen





Registered office: 3rd Floor
86-90 Paul Street
London
EC2A 4NE





Registered number: 13502746 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

BLUE VISBY WORLDWIDE SYSTEMS LIMITED (REGISTERED NUMBER: 13502746)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £
Current assets
Cash at bank 18,003 18,039

Creditors
Amounts falling due within one year 5 8,000 6,202
Net current assets 10,003 11,837
Total assets less current liabilities 10,003 11,837

Capital and reserves
Called up share capital 6 741 741
Share premium 167,466 167,466
Retained earnings (158,204 ) (156,370 )
Shareholders' funds 10,003 11,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





C Wounlund - Director


BLUE VISBY WORLDWIDE SYSTEMS LIMITED (REGISTERED NUMBER: 13502746)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparation
The financial statements have been prepared under the historical cost convention.

Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.

Going concern
The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they fall due. The directors are therefore of the opinion that financial statements should be prepared on the going concern basis.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company did not recognise any turnover for the period under review.

Current taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other 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.

BLUE VISBY WORLDWIDE SYSTEMS LIMITED (REGISTERED NUMBER: 13502746)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. Accounting policies - continued

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

The Company only enters into basic financial instruments 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 non puttable ordinary shares.

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 financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 4,400 4,400
Other creditors 3,600 1,802
8,000 6,202

Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
69,432 Class A 0.01 694 694
4,690 Class D 0.01 47 47
1 Class F 0.01 - -
741 741

BLUE VISBY WORLDWIDE SYSTEMS LIMITED (REGISTERED NUMBER: 13502746)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. Controlling party

In the opinion of the directors, the company does not have an ultimate controlling party, as no individual shareholder or group of shareholders exercises control over the company. The company's immediate parent company is Blue Visby Services Limited.