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BLUESHIFT DEVELOPMENTS LIMITED
 
 
Company Registration Number
05544632
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/09/2023
 
End date 31/08/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
BLUESHIFT DEVELOPMENTS LIMITED
 
Contents of the Financial Statements
for the Period Ended 31 August 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
BLUESHIFT DEVELOPMENTS LIMITED
Company Information
for the Period Ended 31 August 2024
 
Directors Robert William Branch
Katherine Louisa Frey
 
 
82 LANSDOWNE DR
LONDON
E8 3ER
 
Company Registration Number 05544632
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
BLUESHIFT DEVELOPMENTS LIMITED
Directors Report
for the Period Ended 31 August 2024
The directors present their report with the financial statements of the company for the
period ended 31 August 2024
Principal activities
The principal activity of the company in the period under review was
Sound Engineering & Property Investments
Directors
The director(s) shown below have held office during the period
Robert William Branch
Katherine Louisa Frey
 
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2025-05-28
and signed on behalf of the board by
Name Robert William Branch
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
BLUESHIFT DEVELOPMENTS LIMITED
 
Profit and Loss Account
for the Period Ended 31 August 2024
2024 2,023
Notes £ £
 
Turnover 2 100,494 100,821
Cost of sales 23,091 47,459
______ ______
Gross Profit/(Loss) 77,403 53,362
 
Property costs 18,339 21,760
Administrative expenses 4,132 2,444
______ ______
Operating costs 22,471 24,204
 
______ ______
Operating Profit/(Loss) 54,932 29,158
______ ______
Interest receivable and similar 35 34
Interest payable and similar 50,281 35,636
______ ______
Net Finance income/(Loss) (50,246) (35,602)
______ ______
Profit/(Loss) on ordinary activities before taxation 4,686 (6,444)
 
Tax on profit on ordinary activities 3 901 0
____ _____
Profit/(Loss) for the financial period after taxation 3,785 (6,444)
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
Page 5
BLUESHIFT DEVELOPMENTS LIMITED
Balance Sheet
for the Period Ended 31 August 2024
Company registration number 05544632
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 5 817,289 817,635
_______ _______
Total fixed assets 817,289 817,635
Current assets
Debtors 6 9,378 10,596
Cash at bank and in hand 9,674 18,119
_______ _______
Total current assets/(liabilities) 19,052 28,715
Creditors
Creditors - amounts falling
due within one year 7 34,372 32,166
_______ _______
Net current assets (15,320) (3,451)
_______ _______
Total assets less current liabilities 801,969 814,184
_______ _______
Creditors - amounts falling
due after more than one year 8 776,925 776,925
_______ _______
Long term creditors 776,925 776,925
_____ _____
Net assets/(liabilities) 25,044 37,259
Capital and reserves
Called up share capital 9 2 2
Profit and loss account 10 25,042 37,257
_____ _____
Total shareholders funds 25,044 37,259
 
 
 
 
 
 
 
 
Page 6
BLUESHIFT DEVELOPMENTS LIMITED
 
Balance Sheet
for the Period Ended 31 August 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-05-28
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Robert William Branch
Status Director
 
The notes form part of these financial statements
Average number of employees during period 0
 
 
 
 
 
 
 
Page 7
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
2. Turnover 2024 2,023
£ £
Trade income 23,261 24,181
Property income 77,233 76,640
______ ______
Total 100,494 100,821
3. Taxation
The tax charge on the profit on ordinary activities 2024 2,023
for the period was as follows £ £
UK Corporation Tax net of reliefs 901
___ _
Tax on profit on ordinary activities 901 0
4. Dividends 2024 2,023
£ £
Dividend on ordinary shares paid in period 16,000 1,033
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
5. Tangible fixed assets
Land and Plant and Motor Total
buildings equipment vehicles
Cost £ £ £ £
At 1 September 2023 815,715 36,371 7,700 859,786
Additions 1,068 1,068
______ _____ ____ ______
At 31 August 2024 815,715 37,439 7,700 860,854
Depreciation
At 1 September 2023 36,371 5,780 42,151
Charge for year 1,068 346 1,414
_____ ____ _____
At 31 August 2024 37,439 6,126 43,565
Net book value
At 31 August 2024 815,715 0 1,574 817,289
At 31 August 2023 815,715 0 1,920 817,635
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
6. Debtors 2024 2,023
Trade debtors 9,378 10,596
____ _____
Total 9,378 10,596
7. Creditors amounts falling due within one year 2024 2,023
Other taxation
HMRC (VAT and CIS) 862 518
Trade creditors 49 2
Corporation tax 901 115
Director's loan 24,340 23,311
Other creditors 8,220 8,220
_____ _____
Total 34,372 32,166
8. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 776,925 776,925
______ ______
Total 776,925 776,925
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
9. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
10. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 September 2023 37,257
Profit/(Loss) for year 3,785
Dividends paid 16,000
_____
Retained Profit/(Loss) at 31 August 2024 25,042
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
BLUESHIFT DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2024
 
11. Related party transactions
The ultimate controlling party during the period Director & Shares
 
Related party name Robert William Branch
2024 2,023
£ £
Amount due from (to) related party 24,340 23,311
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13