Company registration number 13654971 (England and Wales)
BLUE HORIZON VENTURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BLUE HORIZON VENTURES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
BLUE HORIZON VENTURES LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF BLUE HORIZON VENTURES LIMITED
- 1 -
It is your duty to ensure that Blue Horizon Ventures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Horizon Ventures Limited. You consider that Blue Horizon Ventures Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Blue Horizon Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HFMC Private Client Services Ltd
-
29 St. John's Lane
London
EC1M 4NA
UK
4 June 2025
BLUE HORIZON VENTURES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,942
1,982
Current assets
Debtors
5
15,685
9,892
Cash at bank and in hand
13,374
14,100
29,059
23,992
Creditors: amounts falling due within one year
6
(29,543)
(26,134)
Net current liabilities
(484)
(2,142)
Total assets less current liabilities
1,458
(160)
Provisions for liabilities
155
165
Net assets
1,613
5
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
1,611
3
Total equity
1,613
5
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
Mrs L Thomas
Mr J Russell
Director
Director
Company registration number 13654971 (England and Wales)
BLUE HORIZON VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Blue Horizon Ventures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Nightingale Road, West Molesey, Surrey, UK, KY8 2PQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% Reducing Balance
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
BLUE HORIZON VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.7
Retirement benefits
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
2
2
3
Directors' remuneration and dividends
2025
2024
£
£
Remuneration paid to directors
38,247
36,140
Dividends paid to directors
60,000
90,070
BLUE HORIZON VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
3,524
Additions
499
At 31 March 2025
4,023
Depreciation and impairment
At 1 April 2024
1,542
Depreciation charged in the year
539
At 31 March 2025
2,081
Carrying amount
At 31 March 2025
1,942
At 31 March 2024
1,982
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
15,685
5,830
Other debtors
4,062
15,685
9,892
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
17,277
21,205
Other taxation and social security
8,633
2,606
Other creditors
3,633
2,323
29,543
26,134
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Share Capital Issued and Fully Paid of £1 each
2
2
2
2
BLUE HORIZON VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Related party transactions
The following amounts were outstanding at the reporting end date:
Mr. J Russell is owed by the company £52.57 (2024: Mr. J Russell owed the company £1,971.53)
Mrs. L Thomas is owed by the company £2,008.08 (2024: Mrs. L Thomas owed the company £2,089.70)
9
Directors' transactions
Dividends totalling £60,000 (2024 - £90,070) were paid in the year in respect of shares held by the company's directors.