Registration number:
Blu Ventures Limited
for the Year Ended 31 December 2024
Pages for filing with Registrar
Blu Ventures Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Blu Ventures Limited
Company Information
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Director |
B W Adeline |
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Registered office |
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Registered number |
13056846 |
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Accountant |
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Blu Ventures Limited
(Registration number: 13056846)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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100,000 |
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Current assets |
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Cash at bank and in hand |
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5,416 |
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Creditors: Amounts falling due within one year |
(2,183) |
(3,355) |
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Net current assets |
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2,061 |
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Total assets less current liabilities |
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102,061 |
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Creditors: Amounts falling due after more than one year |
(100,000) |
(100,000) |
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Net assets |
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2,061 |
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Capital and reserves |
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Called up share capital |
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100 |
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Profit and loss account |
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1,961 |
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Total equity |
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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:
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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
Blu Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Blu Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Investments |
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2024 |
2023 |
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Investments in associates |
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The investment represents a holding of 4.16% of the issued share capital of Third Dimension Software Limited, being 50,700 shares.
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Creditors |
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2024 |
2023 |
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Amounts falling due within one year |
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Accruals |
1,893 |
1,893 |
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Director's loan account |
290 |
1,462 |
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2,183 |
3,355 |
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2024 |
2023 |
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Due after one year |
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Other loans |
100,000 |
100,000 |
Blu Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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50 |
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50 |
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50 |
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50 |
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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.