Registered number
03890966
BLOOMDEAN LIMITED
Filleted Accounts
30 November 2024
BLOOMDEAN LIMITED
Registered number: 03890966
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,284,524 -
Tangible assets 4 357,374 114,127
Investments 5 75,000 -
1,716,898 114,127
Current assets
Stocks 25,000 25,000
Debtors 6 89,452 497,341
Cash at bank and in hand 328,597 748,485
443,049 1,270,826
Creditors: amounts falling due within one year 7 (632,470) (525,932)
Net current (liabilities)/assets (189,421) 744,894
Total assets less current liabilities 1,527,477 859,021
Creditors: amounts falling due after more than one year 8 (688,254) -
Provisions for liabilities (106,749) (17,463)
Net assets 732,474 841,558
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 731,474 840,558
Shareholder's funds 732,474 841,558
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Garapetian
Director
Approved by the board on 18 August 2025
BLOOMDEAN LIMITED
Notes to the Accounts
for the period from 1 June 2023 to 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 20% Reducing Balance
Plant and machinery 20% Reducing Balance
Fixtures, fittings, tools and equipment 20% Reducing Balance
Motor vehicle 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 54 54
3 Intangible fixed assets £
Goodwill:
Cost
Additions 1,342,708
At 30 November 2024 1,342,708
Amortisation
Provided during the period 58,184
At 30 November 2024 58,184
Net book value
At 30 November 2024 1,284,524
Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 65,029 1,458,284 - 1,523,313
Additions 5,336 46,287 264,849 316,472
At 30 November 2024 70,365 1,504,571 264,849 1,839,785
Depreciation
At 1 June 2023 54,550 1,354,636 - 1,409,186
Charge for the period 3,321 38,501 31,403 73,225
At 30 November 2024 57,871 1,393,137 31,403 1,482,411
Net book value
At 30 November 2024 12,494 111,434 233,446 357,374
At 31 May 2023 10,479 103,648 - 114,127
5 Investments
Other
investments
£
Cost
Additions 75,000
At 30 November 2024 75,000
6 Debtors 2024 2023
£ £
Trade debtors 4,119 3,936
Prepayments 52,435 90,429
Loan to BPL & MP - 402,976
Intercompany - Atlantic Holdings Limited 29,829 -
Pension 3,069 -
89,452 497,341
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,270 34,922
Obligations under finance lease and hire purchase contracts 40,122 -
VAT 76,226 76,654
Trade creditors 98,802 84,103
Accruals 8,083 10,332
Net Wages 38,514 55,049
PAYE 69,438 5,749
Pension Liability - 2,094
Director's current account 47,070 35,446
Student Loan Deduction Payable 422 -
Fairbrooke Holding Limited - 122,996
Restaurant Deposit Account - 152
Guest Balance Account - 37,311
Tip Records Account - 8,543
Taxation and social security costs 96,523 52,581
Other creditors 137,000 -
632,470 525,932
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 194,624 -
Pacific Holdings Corp ltd 399,792 -
Deposit control Account 93,838 -
688,254 -
9 Other information
BLOOMDEAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Studley Hotel
Swan Road,
Harrogate,
North Yorkshire
HG1 2SE
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