Registered number
09267306
BLOSSOM PARTNERS LTD
Filleted Accounts
30 September 2024
BLOSSOM PARTNERS LTD
Registered number: 09267306
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 271 2,186
Current assets
Debtors 4 502,670 72,493
Cash at bank and in hand 97,376 486,191
600,046 558,684
Creditors: amounts falling due within one year 5 (61,580) (36,261)
Net current assets 538,466 522,423
Net assets 538,737 524,609
Capital and reserves
Called up share capital 100 100
Profit and loss account 538,637 524,509
Shareholders' funds 538,737 524,609
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.
Sophie Laporte
Director
Approved by the board on 17 March 2025
BLOSSOM PARTNERS LTD
Notes to the Accounts
for the year ended 30 September 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:
Furniture and fixtures over 5 years
Office and computer equipment over 3 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 11,921
Additions 596
Disposals (2,682)
At 30 September 2024 9,835
Depreciation
At 1 October 2023 9,735
Charge for the year 2,511
On disposals (2,682)
At 30 September 2024 9,564
Net book value
At 30 September 2024 271
At 30 September 2023 2,186
4 Debtors 2024 2023
£ £
Trade debtors 13,392 13,616
Other debtors 489,278 58,877
502,670 72,493
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 204 657
Taxation and social security costs 38,488 34,064
Other creditors 22,888 1,540
61,580 36,261
6 Related party transactions
Loan to Un Air d'Antan Limited
At 30 September 2024, the company was owed £27,775.25 by Un Air d'Antan Limited. The directors of the company are also directors and shareholders of Un Air d'Antan Limited.
Loan to Budhi Budha Ltd
At 30 September 2024, the company was owed £41,500 by Budhi Budha Ltd. One of the directors of the company is also a director and shareholder of Budhi Budha Ltd.
Loans to directors
At 30 September 2024, the company was owed £420,000 by the two directors. The loans are subject to interest at 2.25%.
7 Other information
BLOSSOM PARTNERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
79 Addison Gardens
London
W14 0DT
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