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REGISTERED NUMBER: 04088853 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bloom Developments Limited

Bloom Developments Limited (Registered number: 04088853)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

Bloom Developments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J N Bloom





SECRETARY: J N Bloom





REGISTERED OFFICE: The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 04088853 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Bloom Developments Limited (Registered number: 04088853)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,277,982 18,156,393
Investments 5 590 590
19,278,572 18,156,983

CURRENT ASSETS
Stocks 1,800,790 45,890
Debtors 6 5,425,933 5,129,079
Cash in hand 168 85,830
7,226,891 5,260,799
CREDITORS
Amounts falling due within one year 7 8,698,939 5,926,654
NET CURRENT LIABILITIES (1,472,048 ) (665,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,806,524

17,491,128

CREDITORS
Amounts falling due after more than one year 8 (4,580,766 ) (4,359,481 )

PROVISIONS FOR LIABILITIES (2,198,594 ) (2,253,472 )
NET ASSETS 11,027,164 10,878,175

CAPITAL AND RESERVES
Called up share capital 10 4 4
Share premium 98 98
Revaluation reserve 11 6,989,521 6,839,521
Retained earnings 4,037,541 4,038,552
SHAREHOLDERS' FUNDS 11,027,164 10,878,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bloom Developments Limited (Registered number: 04088853)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2025 and were signed by:





J N Bloom - Director


Bloom Developments Limited (Registered number: 04088853)

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

1. STATUTORY INFORMATION

Bloom Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Straight line over 15 years
Land and leisure complex - not provided
Plant and machinery - 4% on cost and at variable rates on reducing balance
Anaerobic digester - Straight line over 15 years
Motor vehicles - 25% on reducing balance

Land and leisure complex

The land and leisure complex is carried at cost, less any impairment loss. Cost includes professional fees as allowed for assets held at fair value. Depreciation will commence when it is brought into use.

Anaerobic digester

The director considers that the value of the anaerobic digester is increasing; depreciation will commence once the asset is complete.

Café

This is an asset still under construction and therefore depreciation will commence once the Café is fully complete..

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
The stock of both land and fish are held at original cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bloom Developments Limited (Registered number: 04088853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
Freehold leisure
property CafT complex
£    £    £   
COST OR VALUATION
At 1 January 2024 449,512 1,449,496 5,476,081
Additions 2,736,671 63,926 277,431
Disposals - - (1,661,443 )
At 31 December 2024 3,186,183 1,513,422 4,092,069
DEPRECIATION
At 1 January 2024 74,729 - -
Charge for year 22,475 - -
Eliminated on disposal - - -
At 31 December 2024 97,204 - -
NET BOOK VALUE
At 31 December 2024 3,088,979 1,513,422 4,092,069
At 31 December 2023 374,783 1,449,496 5,476,081

Bloom Developments Limited (Registered number: 04088853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Plant and Anaerobic Motor
machinery digester vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 2,514,633 9,610,341 91,533 19,591,596
Additions 106,400 - - 3,184,428
Disposals (41,992 ) - (35,400 ) (1,738,835 )
At 31 December 2024 2,579,041 9,610,341 56,133 21,037,189
DEPRECIATION
At 1 January 2024 1,301,158 - 59,316 1,435,203
Charge for year 321,974 - 7,561 352,010
Eliminated on disposal (1,966 ) - (26,040 ) (28,006 )
At 31 December 2024 1,621,166 - 40,837 1,759,207
NET BOOK VALUE
At 31 December 2024 957,875 9,610,341 15,296 19,277,982
At 31 December 2023 1,213,475 9,610,341 32,217 18,156,393

If the land and leisure complex had not been revalued it would have been included at the historical cost of £3,852,118 (2023 - £3,574,686). The complex was valued on an open market basis on 31 December 2018 by the director.

If the anaerobic digester had not been revalued it would have been included at the historical cost of £3,178,189 (2023 - £3,178,189). It was valued on an open market basis on 31 December 2016 by the director.

Bloom Developments Limited (Registered number: 04088853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,748,111 35,400 1,783,511
Additions 64,850 - 64,850
Disposals - (35,400 ) (35,400 )
At 31 December 2024 1,812,961 - 1,812,961
DEPRECIATION
At 1 January 2024 987,670 23,577 1,011,247
Charge for year 214,707 2,463 217,170
Eliminated on disposal - (26,040 ) (26,040 )
At 31 December 2024 1,202,377 - 1,202,377
NET BOOK VALUE
At 31 December 2024 610,584 - 610,584
At 31 December 2023 760,441 11,823 772,264

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 590
NET BOOK VALUE
At 31 December 2024 590
At 31 December 2023 590

Bloom Developments Ltd is not required to prepare group accounts as the group qualifies as a small group. The financial statements refer only to Bloom Developments Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 396,740 17,460
Amounts owed by group undertakings 565,807 1,075,369
Other debtors 4,463,386 4,036,250
5,425,933 5,129,079

Bloom Developments Limited (Registered number: 04088853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 4,675,674 2,912,530
Hire purchase contracts 254,426 274,293
Trade creditors 259,068 279,524
Amounts owed to group undertakings 1,608,879 1,689,815
Amounts owed to participating interests - 47,461
Taxation and social security 37,249 527,189
Other creditors 1,863,643 195,842
8,698,939 5,926,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,216,959 3,525,404
Hire purchase contracts 363,807 584,077
Other creditors - 250,000
4,580,766 4,359,481

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,239,922 1,753,312

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 4,474,051 3,971,743

The loan is secured on land at Bevercotes, plus a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
4 Ordinary £1 4 4

Bloom Developments Limited (Registered number: 04088853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RESERVES
Revaluation
reserve
£   
At 1 January 2024 6,839,521
Surplus on revaluation 150,000

At 31 December 2024 6,989,521

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Bloom Developments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bloom Developments Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Bloom Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bloom Developments Limited and state those matters that we have agreed to state to the director of Bloom Developments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bloom Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bloom Developments Limited. You consider that Bloom Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bloom Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


31 July 2025