Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-2602023-09-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04858134 2023-09-01 2024-08-31 04858134 2022-09-01 2023-08-31 04858134 2024-08-31 04858134 2023-08-31 04858134 c:Director1 2023-09-01 2024-08-31 04858134 d:PlantMachinery 2023-09-01 2024-08-31 04858134 d:PlantMachinery 2024-08-31 04858134 d:PlantMachinery 2023-08-31 04858134 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04858134 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 04858134 d:FreeholdInvestmentProperty 2024-08-31 04858134 d:FreeholdInvestmentProperty 2023-08-31 04858134 d:CurrentFinancialInstruments 2024-08-31 04858134 d:CurrentFinancialInstruments 2023-08-31 04858134 d:Non-currentFinancialInstruments 2024-08-31 04858134 d:Non-currentFinancialInstruments 2023-08-31 04858134 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04858134 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04858134 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 04858134 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04858134 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 04858134 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 04858134 d:ShareCapital 2024-08-31 04858134 d:ShareCapital 2023-08-31 04858134 d:OtherMiscellaneousReserve 2024-08-31 04858134 d:OtherMiscellaneousReserve 2023-08-31 04858134 d:RetainedEarningsAccumulatedLosses 2024-08-31 04858134 d:RetainedEarningsAccumulatedLosses 2023-08-31 04858134 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 04858134 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04858134 c:FRS102 2023-09-01 2024-08-31 04858134 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04858134 c:FullAccounts 2023-09-01 2024-08-31 04858134 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 04858134










BLOONET LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2024

 
BLOONET LTD
Registered number: 04858134

Balance sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
733
815

Investment property
 5 
380,863
81,800

  
381,596
82,615

Current assets
  

Debtors: amounts falling due within one year
 6 
164,523
65,520

Cash at bank and in hand
 7 
101,958
2,282

  
266,481
67,802

Creditors: amounts falling due within one year
 8 
(281,877)
(87,238)

Net current liabilities
  
 
 
(15,396)
 
 
(19,436)

Total assets less current liabilities
  
366,200
63,179

Creditors: amounts falling due after more than one year
 9 
(380,121)
(62,121)

Provisions for liabilities
  

Deferred tax
 11 
(2,680)
(2,680)

  
 
 
(2,680)
 
 
(2,680)

Net liabilities
  
(16,601)
(1,622)


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
29,713
29,713

Profit and loss account
  
(46,315)
(31,336)

  
(16,601)
(1,622)


Page 1

 
BLOONET LTD
Registered number: 04858134
    
Balance sheet (continued)
As at 31 August 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2025.




C Damen
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

1.


General information

Bloonet Ltd is a private company limited by shares and registered in England and Wales. The registered
address is 15 Clifton Gardens, London, N15 6AP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 September 2023
6,106



At 31 August 2024

6,106



Depreciation


At 1 September 2023
5,291


Charge for the year on owned assets
82



At 31 August 2024

5,373



Net book value



At 31 August 2024
733



At 31 August 2023
815

Page 5

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
81,800


Additions at cost
299,063



At 31 August 2024
380,863

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
348,470
49,407

348,470
49,407


6.


Debtors

2024
2023
£
£


Other debtors
164,523
65,520

164,523
65,520



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
101,958
2,281

101,958
2,281


Page 6

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
739

Other creditors
281,157
85,869

Accruals and deferred income
720
630

281,877
87,238



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
380,121
62,121

380,121
62,121


The following liabilities were secured:

2024
2023
£
£



Bank loans
380,121
62,121

380,121
62,121

Details of security provided:

Bank loans are secured by a fixed charge over the company's property.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
380,121
62,121

380,121
62,121


Page 7

 
BLOONET LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2024

11.


Deferred taxation




2024


£






At beginning of year
(2,680)



At end of year
(2,680)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax on unrealised gains
(2,680)
(2,680)

(2,680)
(2,680)

 
Page 8