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REGISTERED NUMBER: 07874438 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Blue Marlin Ltd

Blue Marlin Ltd (Registered number: 07874438)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Blue Marlin Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P Fernback





REGISTERED OFFICE: The Beechwood Centre
40 Lower Gravel Rd
Bromley
Kent
BR2 8GP





REGISTERED NUMBER: 07874438 (England and Wales)






Blue Marlin Ltd (Registered number: 07874438)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of buying and renting of own property.

DIRECTOR
P Fernback held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Fernback - Director


30 April 2025

Blue Marlin Ltd (Registered number: 07874438)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   

TURNOVER 393,624 421,065

Cost of sales 389,607 295,943
GROSS PROFIT 4,017 125,122

Distribution costs 60,136 100,170
Administrative expenses 46,578 73,539
106,714 173,709
(102,697 ) (48,587 )

Profit on sale of investment 50,000 -
OPERATING LOSS 4 (52,697 ) (48,587 )


Interest Payable 20,687 12,915
LOSS BEFORE TAXATION (73,384 ) (61,502 )

Tax on loss - 3,881
LOSS FOR THE FINANCIAL YEAR (73,384 ) (65,383 )

Blue Marlin Ltd (Registered number: 07874438)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,392,083 5,555,517

CURRENT ASSETS
Debtors 6 3,742,427 2,332,973
Cash at bank 27,122 13,066
3,769,549 2,346,039
CREDITORS
Amounts falling due within one year 7 5,659,777 4,327,152
NET CURRENT LIABILITIES (1,890,228 ) (1,981,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,501,855

3,574,404

CREDITORS
Amounts falling due after more than one year 8 (500,000 ) (500,000 )

PROVISIONS FOR LIABILITIES (835 ) -
NET ASSETS 3,001,020 3,074,404

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 2,081,123 2,081,123
Retained earnings 919,896 993,280
SHAREHOLDERS' FUNDS 3,001,020 3,074,404

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 director acknowledges his 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 Marlin Ltd (Registered number: 07874438)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





P Fernback - Director


Blue Marlin Ltd (Registered number: 07874438)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Blue Marlin Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Blue Marlin Ltd (Registered number: 07874438)

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

4. OPERATING LOSS

The operating loss is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 136 170

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 5,554,839 1,435 5,556,274
Additions - 36,702 36,702
Disposals (200,000 ) - (200,000 )
At 31 August 2024 5,354,839 38,137 5,392,976
DEPRECIATION
At 1 September 2023 - 757 757
Charge for year - 136 136
At 31 August 2024 - 893 893
NET BOOK VALUE
At 31 August 2024 5,354,839 37,244 5,392,083
At 31 August 2023 5,554,839 678 5,555,517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 19,123 19,695
Other debtors 3,723,304 2,313,278
3,742,427 2,332,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 600 8,176
Taxation and social security 337,562 318,721
Other creditors 5,321,615 4,000,255
5,659,777 4,327,152

Blue Marlin Ltd (Registered number: 07874438)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 500,000 500,000

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 2,081,123

10. RELATED PARTY DISCLOSURES

At the year end Blue Marlin Ltd was owed/(owing) the following amounts from related parties;

Company 2023 2024

Centaur Property Group Limited (138,531.72 ) 47,559.76
Es Vedra Properties Ltd 1,214,448.01 1,259,448.01
Kingsway London Limited (72,545.00 ) (50,090.12 )
Barclay Property Trading LLP (33,400.00 ) (33,400.00 )
Champion Properties LLP - (98,705.37 )
Wentworth Trading LLP (2,000.00 ) 21,000.00
Pedro's Properties Limited (2,675.66 ) (2,675.66 )
Barclay Group Limited (170,000.00 ) (170,000.00 )
Barclay Estates Limited (1,303,063.88 ) (3,642,436.29 )
Barclay Home Investments Limited 140,296.91 153,896.91
Barclay Commercial Investments Limited 671,729.71 709,229.71
Barclay Commercial Estates Limited 60,392.23 14,738.71
Newgrange Properties Limited 2,304.07 2,304.07
Jumeirah Investments Limited (158,684.20 ) (157,634.20 )
Big Padlock Group Limited (147,673.58 ) (160,673.58 )
Big Padlock Ayr Limited (24,000.00 ) (57,780.82 )
Big Padlock Self Storage Limited (22,500.00 ) (97,727.44 )
Brighton & Hove Pub Company Limited (483,792.00 ) (596,968.00 )
Centaur Financing Ltd (148,408.09 ) (148,408.09 )