Blend Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10923442

Blend Group Limited

Filleted Unaudited Financial Statements

31 December 2024

Blend Group Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		68,197	44,062

Current assets

Debtors	7	886,587	821,672
Cash at bank and in hand		436,189	369,368
		------------	------------
		1,322,776	1,191,040

Creditors: amounts falling due within one year	8	1,672,188		1,449,375
		------------		------------
Net current liabilities			349,412	258,335
			---------	---------
Total assets less current liabilities			( 281,215)	( 214,273)

Creditors: amounts falling due after more than one year	9		25,093	32,084

Provisions

Taxation including deferred tax	2,311	11,016
	---------	---------
Net liabilities	( 308,619)	( 257,373)
	---------	---------

Capital and reserves

Called up share capital	10	3	3
Profit and loss account		( 308,622)	( 257,376)
		---------	---------
Shareholders deficit		( 308,619)	( 257,373)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blend Group Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr N Beardall

Director

Company registration number: 10923442

Blend Group Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9, Woolyard, Bermondsey Street, London, SE1 3UD, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent on the projected future profit from the events and income that have been booked. The directors themselves have indicated their willingness to support the company for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover is recognised at the date of the event.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	20% Straight line
Computer equipment	-	`25% Straight line`
Website	-	`10% Straight line`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 5 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
A Ordinary shares	22,877	48,046
B Ordinary shares	26,585	52,168
C Ordinary shares	22,846	47,887
	--------	---------
	72,308	148,101
	--------	---------

During the year the company paid dividends in excess of its distributable profit in contravention of section 830 of the Companies Act 2006.

6. Tangible assets

	Fixtures and fittings	Equipment	Website	Total
	£	£	£	£
Cost
At 1 January 2024	1,574	6,826	52,436	60,836
Additions	–	7,192	25,915	33,107
	-------	--------	--------	--------
At 31 December 2024	1,574	14,018	78,351	93,943
	-------	--------	--------	--------
Depreciation
At 1 January 2024	1,156	2,489	13,129	16,774
Charge for the year	221	2,482	6,269	8,972
	-------	--------	--------	--------
At 31 December 2024	1,377	4,971	19,398	25,746
	-------	--------	--------	--------
Carrying amount
At 31 December 2024	197	9,047	58,953	68,197
	-------	--------	--------	--------
At 31 December 2023	418	4,337	39,307	44,062
	-------	--------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	74,871	185,070
Prepayments and accrued income	762,292	586,176
Other debtors	49,424	50,426
	---------	---------
	886,587	821,672
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,000	5,000
Trade creditors	313,415	240,425
Accruals and deferred income	1,194,888	957,741
Corporation tax	2,589	75,042
Social security and other taxes	38,100	48,023
Director loan accounts	2,341	1,711
Other creditors	115,855	121,433
	------------	------------
	1,672,188	1,449,375
	------------	------------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	25,093	32,084
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
A Ordinary shares of £ 1 each	1	1	1	1
B Ordinary shares of £ 1 each	1	1	1	1
C Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	3	3	3	3
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	84,981	12,000
Later than 1 year and not later than 5 years	171,469	–
	---------	--------
	256,450	12,000
	---------	--------

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Director's loan account	–	–	( 1,925)	( 1,711)
Other related parties	2,401	(6,250)	–	–
	-------	-------	-------	-------