Company No:
Contents
| DIRECTORS | A J A S A Alsairafi |
| S M Fawzy Mahmoud | |
| N Maroof | |
| J I Obadia | |
| D F Rigny |
| REGISTERED OFFICE | 21 Conduit Street |
| London | |
| W1S 2XP | |
| United Kingdom |
| COMPANY NUMBER | 12279619 (England and Wales) |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 54,382 | 54,382 | |||
| Current assets | ||||
| Debtors | 4 |
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| 100 | 100 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (271,162) | (275,722) | ||
| Total assets less current liabilities | (216,780) | (221,340) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of NBKC BlueJay Limited (registered number:
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J I Obadia
Director |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to the year presented, unless otherwise stated.
NBKC Bluejay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company’s registered office is 21 Conduit Street, London, W1S 2XP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and roundest to the nearest £.
The financial statements have been prepared on a going concern basis as it is expected the business will be profitable in the foreseeable future once activities commence and due to the ongoing support from the shareholders and related parties.
The Company is not required to be consolidated with its subsidiaries, as the group is considered small for these purposes.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Investments in subsidiaries are measured at cost less impairment.
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Financial instruments are impaired when any indication of impairment has become evident.
| 2024 | 2023 | ||
| Number | Number | ||
| The average number of persons employed by the company during the year was |
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| 2024 | 2023 | ||
| £ | £ | ||
| Subsidiary undertakings |
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Investments in subsidiaries
| 2024 | |
| £ | |
| Cost | |
| At 01 November 2023 |
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| At 31 October 2024 |
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| Carrying value at 31 October 2024 |
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| Carrying value at 31 October 2023 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.10.2024 |
Ownership 31.10.2023 |
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15, boulevard F.W. Raiffeisen, L-2411 Luxembourg | Holding company |
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| 2024 | 2023 | ||
| £ | £ | ||
| Other debtors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed to related parties (note 6) |
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| Other creditors |
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Other related party transactions
All amounts are unsecured, interest-free and repayable on demand.
NBKW Finance Limited, which shares a common ownership, paid £3,600 (2023 - £5,745) worth of expenses on behalf of the company in the year. At the balance sheet date £199,979 (2023 - £205,723) was outstanding.
TwentyTwo Real Estate Partners Limited, which is a Joint Venture shareholder, paid £nil (2023 - £nil ) worth of expenses on behalf of the company in the year. An adjustment was made of £255 was made during the year (2023: £nil). At the balance sheet date £11,262 (2023 - £11,517 ) was outstanding.
Lion IC 1B Limited, which is a fellow member of a subsidiary controlled by NBKC BlueJay, paid £nil (2023 - £nil) worth of expenses on behalf of the company in the year. At the balance sheet date £41,822 (2023 - £41,822) was outstanding.
TTCI SLP, which is a fellow member of a subsidiary controlled by NBKC BlueJay, paid £nil (2023 - £nil) worth of expenses on behalf of the company in the year. At the balance sheet date £12,560 (2023 - £12,560) was outstanding.