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REGISTERED NUMBER: 03994866 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 August 2024

for

Blue Mushroom Limited

Blue Mushroom Limited (Registered number: 03994866)

Contents of the Financial Statements
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Mushroom Limited

Company Information
For The Year Ended 31 August 2024







DIRECTORS: S A Partridge
Mrs F W Partridge





SECRETARY: A Vazquez





REGISTERED OFFICE: 85 Guildford Street
Chertsey
Surrey
KT16 9AS





REGISTERED NUMBER: 03994866 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Blue Mushroom Limited (Registered number: 03994866)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,893,514 1,933,745

CURRENT ASSETS
Debtors 5 4,204 6,140
Cash at bank and in hand 28,937 3,520
33,141 9,660
CREDITORS
Amounts falling due within one year 6 579,698 435,689
NET CURRENT LIABILITIES (546,557 ) (426,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,346,957

1,507,716

CREDITORS
Amounts falling due after more than
one year

7

(614,475

)

(856,353

)

PROVISIONS FOR LIABILITIES 9 (40,312 ) (42,834 )
NET ASSETS 692,170 608,529

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 10 691,968 608,327
SHAREHOLDERS' FUNDS 692,170 608,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Blue Mushroom Limited (Registered number: 03994866)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2025 and were signed on its behalf by:





S A Partridge - Director


Blue Mushroom Limited (Registered number: 03994866)

Notes to the Financial Statements
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Blue Mushroom 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Blue Mushroom Limited (Registered number: 03994866)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023
and 31 August 2024 743,550 1,008,485 327,112
DEPRECIATION
At 1 September 2023 - 19,458 234,254
Charge for year - - 18,570
At 31 August 2024 - 19,458 252,824
NET BOOK VALUE
At 31 August 2024 743,550 989,027 74,288
At 31 August 2023 743,550 989,027 92,858

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 8,487 149,885 71,591 2,309,110
DEPRECIATION
At 1 September 2023 8,181 44,171 69,301 375,365
Charge for year 60 21,143 458 40,231
At 31 August 2024 8,241 65,314 69,759 415,596
NET BOOK VALUE
At 31 August 2024 246 84,571 1,832 1,893,514
At 31 August 2023 306 105,714 2,290 1,933,745

Blue Mushroom Limited (Registered number: 03994866)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 4,188 6,101
Other debtors 16 39
4,204 6,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 59,956 45,171
Taxation and social security 77,690 37,366
Other creditors 442,052 353,152
579,698 435,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans 534,472 764,026
Hire purchase contracts 80,003 92,327
614,475 856,353

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 501,326 725,674

8. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Mortgage 501,326 725,674

The outstanding mortgage balance remains secured on the whole freehold property.

9. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax 40,312 42,834

Blue Mushroom Limited (Registered number: 03994866)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 42,834
Credit to Income Statement during year (2,522 )
Timing differences
Balance at 31 August 2024 40,312

10. RESERVES
Retained
earnings
£   

At 1 September 2023 608,327
Profit for the year 146,121
Dividends (62,480 )
At 31 August 2024 691,968

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there was a loan balance of £328,870 outstanding to SA Partridge and this amount is included in other creditors in note 13. ( 2023 £245,370 )
There was also a loan balance of £61,036 outstanding to Mrs FW Partridge at the year end and this is also included in other creditors note 13. ( 2023 £70,636 )

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Partridge.