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Registration number: 13056846

Blu Ventures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Pages for filing with Registrar

 

Blu Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Blu Ventures Limited

Company Information

Director

B W Adeline

Registered office

Pool Farm
Breadstone
Berkeley
Gloucestershire
GL13 9HE

Registered number

13056846

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Blu Ventures Limited

(Registration number: 13056846)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

100,000

100,000

Current assets

 

Cash at bank and in hand

 

7,127

5,416

Creditors: Amounts falling due within one year

5

(2,183)

(3,355)

Net current assets

 

4,944

2,061

Total assets less current liabilities

 

104,944

102,061

Creditors: Amounts falling due after more than one year

5

(100,000)

(100,000)

Net assets

 

4,944

2,061

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

4,844

1,961

Total equity

 

4,944

2,061

 

Blu Ventures Limited

(Registration number: 13056846)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 31 July 2025
 

.........................................

B W Adeline
Director

 

Blu Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pool Farm
Breadstone
Berkeley
Gloucestershire
GL13 9HE
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Blu Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Blu Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Investments

2024
£

2023
£

Investments in associates

100,000

100,000

The investment represents a holding of 4.16% of the issued share capital of Third Dimension Software Limited, being 50,700 shares.

5

Creditors

2024
£

2023
£

Amounts falling due within one year

Accruals

1,893

1,893

Director's loan account

290

1,462

2,183

3,355

2024
£

2023
£

Due after one year

Other loans

100,000

100,000

 

Blu Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Redeemable B shares of £1 each

50

50

50

50

 

100

100

100

100

7

Related party transactions

Louise Adeline has significant influence over Jack Buck Holdings Limited and Blu Ventures Limited through ownership of shares and close family relationships. Included within creditors is a £100,000 interest only loan from Jack Buck Holdings Limited. Interest is charged at 2% per annum for a term of 10 years.

During the period, interest of £2,000 (2023: £2,000) was charged.