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REGISTERED NUMBER: 05433517 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Bloomgold Limited

Bloomgold Limited (Registered number: 05433517)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Bloomgold Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R B Patel
M D Patel





SECRETARY: R B Patel





REGISTERED OFFICE: 15 Albany Crescent
Edgware
Middlesex
HA8 5AL





REGISTERED NUMBER: 05433517 (England and Wales)






Bloomgold Limited (Registered number: 05433517)

Abridged Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,300,000 1,300,000

CURRENT ASSETS
Debtors 5,638 -
Cash at bank 36,117 21,359
41,755 21,359
CREDITORS
Amounts falling due within one year 84,462 123,702
NET CURRENT LIABILITIES (42,707 ) (102,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,293

1,197,657

CREDITORS
Amounts falling due after more than one
year

5

309,900

331,131
NET ASSETS 947,393 866,526

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 (80,611 ) (80,611 )
Retained earnings 1,027,904 947,037
SHAREHOLDERS' FUNDS 947,393 866,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Bloomgold Limited (Registered number: 05433517)

Abridged Statement of Financial Position - continued
31 March 2025


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 June 2025 and were signed on its behalf by:




R B Patel - Director



M D Patel - Director


Bloomgold Limited (Registered number: 05433517)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Bloomgold 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable, excluding value-added-tax.

Investment property
Investment property is included at fair value. Any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment property.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Bloomgold Limited (Registered number: 05433517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,300,000
NET BOOK VALUE
At 31 March 2025 1,300,000
At 31 March 2024 1,300,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2013 1,000,000
Valuation in 2017 300,000
1,300,000

Investment property was valued on an open market basis on 17 November 2017 by Colliers, Chartered Surveyors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.25 31.3.24
£    £   
Repayable otherwise than by instalments
Shareholder loans 309,900 309,900

The bank loan is for a term of 20 years from July 2005 and bears interest at the rate of 1.1% margin over Fixed Rate plus Mandatory Costs (LIBOR).

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 17,344 84,232

The bank loan is secured by (i) first legal charge over the Investment Property; (ii) mortgage debenture over the company; and (iii) joint and several personal guarantees to the tune of £100,000 given by the directors.

7. RESERVES
Fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 (80,611 )

Bloomgold Limited (Registered number: 05433517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. RELATED PARTY DISCLOSURES

At the date of Statement of Financial Position, the company owed the directors together with their spouses (in their capacity as shareholders) a sum of £309,900 (2024: £369,900) referred to as "shareholder loans" under creditors.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous period by virtue of the fact that between them and their spouses, they hold the entire issued share capital of the company.