| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| Bloomgold Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| 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 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| Bloomgold Limited (Registered number: 05433517) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Bloomgold Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 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 |
| 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 | ( |
) |
| 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. |