Blu Paper Clip Limited - Filleted accounts

Registered number

10686703

Blu Paper Clip Limited

Filleted Accounts

31 March 2025

Blu Paper Clip Limited
Registered number:		10686703
Balance Sheet
as at 31 March 2025

Notes			2025		2024

Fixed assets
Tangible assets	3		1,090,001		931,502

Current assets
Debtors	4	40		2,792
Cash at bank and in hand		1,982		78,893
		2,022		81,685

Creditors: amounts falling due within one year	5	(565,908)		(511,532)

Net current liabilities			(563,886)		(429,847)

Total assets less current liabilities			526,115		501,655

Creditors: amounts falling due after more than one year	6		(181,516)		(191,979)

Provisions for liabilities			(39,042)		(41,512)


Net assets			305,557		268,164

Capital and reserves
Called up share capital			100		100
Profit and loss account			305,457		268,064

Shareholder's funds			305,557		268,164

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


A Burgess
Director
Approved by the board on 11 June 2025

Blu Paper Clip Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's properties.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
		Investment properties	Plant and machinery etc		Total

	Cost/Fair value
	At 1 April 2024	931,501	520		932,021
	Additions	168,307	-		168,307
	Loss on revaluation	(9,808)	-		(9,808)
	At 31 March 2025	1,090,000	520		1,090,520

	Depreciation
	At 1 April 2024	-	519		519
	At 31 March 2025	-	519		519

	Net book value
	At 31 March 2025	1,090,000	1		1,090,001
	At 31 March 2024	931,501	1		931,502


	Freehold land and buildings:		2025		2024

	Historical cost		933,828		765,521
	Cumulative depreciation based on historical cost		-		-
			933,828		765,521


4	Debtors		2025		2024


	Other debtors		40		2,792


5	Creditors: amounts falling due within one year		2025		2024


	Bank loans and overdrafts		9,883		8,971
	Taxation and social security costs		14,427		19,453
	Other creditors		541,598		483,108
			565,908		511,532


6	Creditors: amounts falling due after one year		2025		2024


	Bank loans		181,516		191,979


7	Loans		2025		2024

	Creditors include:
	Instalments falling due for payment after more than five years		116,236		149,464


	Secured bank loans		186,820		192,547

	The bank loan is secured on a leasehold property owned by the company.


8	Related party transactions

	At the end of the financial year the company owed £293,284 (2024 : £346,869) to a company related by a common director.


9	Controlling party

	A Burgess, who owns 51% of the issued share capital, is the controlling party.


10	Other information

	Blu Paper Clip Limited is a private company limited by shares and incorporated in England. Its registered office is:
	22d Orgreave Crescent
	Dore House Industrial Estate
	Sheffield
	South Yorkshire
	S13 9NQ