Company registration number 10285570 (England and Wales)
Bluestones Investment Group - Professional Services Limited
financial statements
For the year ended 31 October 2024
Bluestones Investment Group - Professional Services Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Bluestones Investment Group - Professional Services Limited
Statement of financial position
As at 31 October 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
375
375
Current assets
Debtors
4
662,318
662,318
Creditors: amounts falling due within one year
5
(673,023)
(673,023)
Net current liabilities
(10,705)
(10,705)
Net liabilities
(10,330)
(10,330)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(10,430)
(10,430)
Total equity
(10,330)
(10,330)
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 income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 July 2025 and are signed on its behalf by:
S Pendergast
Director
Company registration number 10285570 (England and Wales)
Bluestones Investment Group - Professional Services Limited
Notes to the financial statements
For the year ended 31 October 2024
- 2 -
1
Accounting policies
Company information
Bluestones Investment Group - Professional Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit A Telford Court, Chester Gates Business Park, Chester, United Kingdom, CH1 6LT.
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has ceased to trade however it is possible that it will recommence trading in the future. The directors are of the opinion that the assets will realise their full value and therefore in light of these two aspects the directors believe the accounts should be prepared on a going concern basis. The directors have agreed that any shortfall will be met by the parent company.
1.2
Going concern
The company has ceased to trade however it is possible that it will recommence trading in the future. The directors are of the opinion that the assets will realise their full value and therefore in light of these two aspects the directors believe the accounts should be prepared on a going concern basis. The directors have agreed that any shortfall will be met by the parent company. true
1.3
Fixed asset investments
Investments in subsidiaries are valued at cost less provision for impairment.
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
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Bluestones Investment Group - Professional Services Limited
Notes to the financial statements (continued)
For the year ended 31 October 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.6
Preparation of consolidated financial statements
The financial statements contain information about Bluestones Investment Group - Professional Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Bluestones Investment Group Limited, whose registered office is Unit A Telford Court, Chester Gates Business Park, Chester, Cheshire, CH1 6LT.
1.7
Significant judgements and estimates
In the opinion of the directors there are no estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
375
375
Bluestones Investment Group - Professional Services Limited
Notes to the financial statements (continued)
For the year ended 31 October 2024
3
Fixed asset investments
(Continued)
- 4 -
The company's investments at the Statement of Financial Position date in the share capital of companies include the following:
NC Associates Leeds Limited; Country of incorporation: United Kingdom; Class of Share: A Ordinary; Holding: 100.0%
NC Associates Liverpool Limited; Country of incorporation: United Kingdom; Class of Share: A Ordinary; Holding 100.0%
Cogent Staffing Limited; Country of incorporation: United Kingdom; Class of Share: A Ordinary; Holding: 75.0%
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
662,318
662,318
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
673,023
673,023
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Richard Taylor FCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
29 July 2025
7
Parent company
At the year end, the immediate and ultimate parent company and controlling party was Bluestones Investments Group Limited, a company registered in England and Wales. The results of the company are included within the consolidated financial statements of Bluestones Investment Group Limited, copies of which can be obtained from Companies House. The company's registered office is Unit A Telford Court, Chester Gates Business Park, Chester, Cheshire, CH1 6LT.