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REGISTERED NUMBER: 08551823 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bluespot Investments Limited

Bluespot Investments Limited (Registered number: 08551823)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bluespot Investments Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: J Sumner
Dr A Cooper





REGISTERED OFFICE: c/o Lindley Adams Limited
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 08551823 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Bluespot Investments Limited (Registered number: 08551823)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 21,011 8,255
Investment property 6 2,680,446 2,491,793
2,701,457 2,500,048

CURRENT ASSETS
Debtors 7 357,903 88,910
Cash at bank 132,682 18,180
490,585 107,090
CREDITORS
Amounts falling due within one year 8 311,120 203,516
NET CURRENT ASSETS/(LIABILITIES) 179,465 (96,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,880,922

2,403,622

CREDITORS
Amounts falling due after more than one
year

9

(800,850

)

(119,563

)

PROVISIONS FOR LIABILITIES (70,694 ) (79,670 )
NET ASSETS 2,009,378 2,204,389

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 357,600 411,941
Retained earnings 1,651,678 1,792,348
SHAREHOLDERS' FUNDS 2,009,378 2,204,389

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.

Bluespot Investments Limited (Registered number: 08551823)

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.

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 30 May 2025 and were signed on its behalf by:





J Sumner - Director


Bluespot Investments Limited (Registered number: 08551823)

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


1. STATUTORY INFORMATION

Bluespot Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

Bluespot Investments Limited (Registered number: 08551823)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 April 2024 11,250
Additions 16,757
Disposals (1,500 )
At 31 March 2025 26,507
DEPRECIATION
At 1 April 2024 2,995
Charge for year 2,651
Eliminated on disposal (150 )
At 31 March 2025 5,496
NET BOOK VALUE
At 31 March 2025 21,011
At 31 March 2024 8,255

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 2,491,793
Additions 669,456
Disposals (615,000 )
Revaluations 134,197
At 31 March 2025 2,680,446
NET BOOK VALUE
At 31 March 2025 2,680,446
At 31 March 2024 2,491,793

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2018 2,734
Valuation in 2019 1,653
Valuation in 2021 67,417
Valuation in 2023 50,000
Valuation in 2024 185,480
Valuation in 2025 134,197
Cost 2,238,965
2,680,446

The investment properties were valued on an open market basis on 31 March 2025 by the directors .

Bluespot Investments Limited (Registered number: 08551823)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors (1,817 ) 323
Other debtors 343,080 1,331
Prepayments and accrued income 16,640 87,256
357,903 88,910

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 13,890 4,699
Trade creditors 86 10,259
VAT 4,756 12,104
Other creditors 8,525 5,457
Directors' loan accounts 279,233 164,590
Accrued expenses 4,630 6,407
311,120 203,516

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 15,182 5,160
Bank loans - 2-5 years 54,550 18,723
Bank loans more 5 yr by instal 731,118 95,680
800,850 119,563

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 731,118 95,680

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 814,740 124,262

The bank loan is secured on the investment properties and the rents receivable thereon.

Bluespot Investments Limited (Registered number: 08551823)

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


11. RESERVES
Fair
value
reserve
£   
At 1 April 2024 411,941
Transfer between reserves (54,341 )

At 31 March 2025 357,600

The fair value reserve represents accumulated fair value adjustments to investment property net of deferred taxation.