Blockmole Limited


Directors	Davenport, Paul Mark
	Davy-Martin, Lee Philip


Registered Address	First Floor
	5 Fleet Place
	London
	EC4M 7RD


Registered Number	13631382 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investments	3		41,804		41,804
			41,804		41,804
Current assets
Debtors		437,695		1,516,475
Cash at bank and on hand		7,143		4,182
		444,838		1,520,657
Creditors amounts falling due within one year		(362,811)		(1,332,931)
Net current assets (liabilities)			82,027		187,726
Total assets less current liabilities			123,831		229,530
Net assets			123,831		229,530
Capital and reserves
Called up share capital			6,752		6,752
Share premium			294,637		294,637
Profit and loss account			(177,558)		(71,859)
Shareholders' funds			123,831		229,530

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 20 June 2025, and are signed on its behalf by:

Davenport, Paul Mark
Director

Davy-Martin, Lee Philip
Director

Registered Company No. 13631382

Blockmole Limited

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other 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.

Trade and other 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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other 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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 October 23	41,804
	At 30 September 24	41,804
	Net book value
	At 30 September 24	41,804
	At 30 September 23	41,804

4.	Related party transactions
	Within creditors is a balance owing to Lee Davy-Martin, a Director of the company for £Nil (2023: £7,970). The amount is interest-free and repayable on demand. Within creditors is a balance owing to Paul Davenport, a Director of the company for £Nil (2023: £Nil). The amount is interest-free and repayable on demand. Within creditors is a balance owed to Davenport Family Holdings Limited, a company for which Paul Davenport is a director, for £362,500 (2023: £807,000). The amount is interest-free and repayable on demand. Within debtors is a balance owing to the company from Infra Norway AS, a Norwegian company in which the company holds a controlling interest for £437,295 (2023: £552,015). The amount is interest-free and repayable on demand. Within the accounts is a balance regarding Blockmole Mining Ltd, a British Virgin Island company in which the company holds a controlling interest for £Nil (2023: £449,723 owed from). The amount is interest-free and repayable on demand.

Related party transactions

Within creditors is a balance owing to Lee Davy-Martin, a Director of the company for £Nil (2023: £7,970). The amount is interest-free and repayable on demand. 

Within creditors is a balance owing to Paul Davenport, a Director of the company for £Nil (2023: £Nil). The amount is interest-free and repayable on demand.

Within creditors is a balance owed to Davenport Family Holdings Limited, a company for which Paul Davenport is a director, for £362,500 (2023: £807,000). The amount is interest-free and repayable on demand.

Within debtors is a balance owing to the company from Infra Norway AS, a Norwegian company in which the company holds a controlling interest for £437,295 (2023: £552,015). The amount is interest-free and repayable on demand.

Within the accounts is a balance regarding Blockmole Mining Ltd, a British Virgin Island company in which the company holds a controlling interest for £Nil (2023: £449,723 owed from). The amount is interest-free and repayable on demand.