REGISTERED NUMBER: OC340508 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Blue Nile Investments LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Belai

J Belai

REGISTERED OFFICE:

8 Hampstead Gate

1A Frognal

Hampstead

London

NW3 6AL

REGISTERED NUMBER:

OC340508 (England and Wales)

ACCOUNTANTS:

Brackman Chopra LLP

Chartered Accountants

8 Hampstead Gate

1 A Frognal

Hampstead

London

NW3 6AL

CURRENT ASSETS

Stocks

63,436

63,436

Debtors

82,369

31,725

Cash at bank

20,951

145,502

166,756

240,663

CREDITORS

Amounts falling due within one year

500

862

NET CURRENT ASSETS

166,256

239,801

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

166,256

239,801

LOANS AND OTHER DEBTS DUE TO MEMBERS

166,256

239,801

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

166,256

239,801

Amounts due from members

(3,867

)

(3,568

)

162,389

236,233

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2025 and were signed by:

J Belai - Designated member

1.	STATUTORY INFORMATION

Blue Nile Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% Straight Line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Capital

The capital requirements of the partnership are determined from time to time by the members. Each member is required to subscribe a proportion of this capital. No interest is paid on capital.

Allocation of profits and drawings

The allocation of profits and losses to those who were members during the financial year occurs on a periodic basis during the financial year with a final allocation being made following the finalisation of the annual financial statements. As permitted by the Limited Liability Partnership Regulations allocated profits may not necessarily represent all the profits arising in a particular financial year if the members considers it appropriate to retain profits or to allocate profits previously retained.

The level and timing of the distributions are decided upon by the members, taking account of the partnerships cash requirements for operating and investment activities. Drawings represent payments on account of current years profits and are reclaimable from members until profits have been allocated. Any over-distribution of profits during the year is also recoverable from members.

Pending the allocation of profits and their division between members, therefore, drawings are shown in debtors as "Amounts due from members". Unallocated profits are shown in "Members other interests".

Financial assets

Financial assets, including trade and other receivables, cash & bank balances, investments and loans from connected and fellow group company's are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from connected and fellow group companies are initially measured at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

19,392

DEPRECIATION

At 1 January 2024

and 31 December 2024

19,392

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	RELATED PARTY DISCLOSURES

Steelblue Properties No.2 Ltd (incorporated in the UK)

Subsidiary

As at 31 December 2024 Steelblue Properties No.2 Ltd owed £Nil (2023:£Nil) to Blue Nile Investments LLP. Steelblue Properties No.2 Ltd was liquidated on 21 March 2024. The sum of £90,845 was distributed on liquidation. The remainder of the loan is a bad debt of £60,345 not recovered on liquidation. .

Steelblue Properties Ltd (incorporated in the UK)

Subsidiary

During the year ended 31 December 2023 Blue Nile Investments LLP paid £8,000 Accountancy Fees on behalf of their subsidiary Steelblue Properties Ltd. Steelblue Properties Ltd was liquidated on 14 May 2024. The company did not receive a distrubution on liquidation, The remainder of the loan is a bad debt of £8,000 not recovered on liquidation.

Blue Nile Foods Ltd (incorporated in the UK)

Associated Company

As at 31 December 2024 Blue Nile Foods Ltd owed £72,796 (2023: £27,796) to Blue Nile Investments LLP.

Blue Nile Products Ltd (incorporated in the UK)

Associated Company

As at 31 December 2024 Blue Nile Foods Ltd owed £5,000 (2023: £Nil) to Blue Nile Investments LLP.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the designated members A Belai and J Belai.