SPOT BLUE INTERNATIONAL PROPERTY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04864440 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

SPOT BLUE INTERNATIONAL PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D G Walker

REGISTERED OFFICE:

140 The Broadway

Surbiton

Surry

KT6 7JE

REGISTERED NUMBER:

04864440 (England and Wales)

ACCOUNTANTS:

TMF Accountants

3rd Floor Westside London

57 Poland Street

London

W1F 7NW

FIXED ASSETS

Intangible assets

4

24,900

16,810

Tangible assets

5

591

741

25,491

17,551

CURRENT ASSETS

Stocks

1,000

3,000

Debtors

6

30,313

33,367

Cash at bank

12,426

22,807

43,739

59,174

CREDITORS

Amounts falling due within one year

7

13,990

28,080

NET CURRENT ASSETS

29,749

31,094

TOTAL ASSETS LESS CURRENT LIABILITIES

55,240

48,645

CREDITORS

Amounts falling due after more than one year

8

44,622

29,259

NET ASSETS

10,618

19,386

CAPITAL AND RESERVES

Called up share capital

36,000

36,000

Retained earnings

(25,382

)

(16,614

)

SHAREHOLDERS' FUNDS

10,618

19,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 May 2019 and were signed by:

D G Walker - Director

1.	STATUTORY INFORMATION

SPOT BLUE INTERNATIONAL PROPERTY 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2017

58,810

Additions

11,090

At 31 August 2018

69,900

AMORTISATION

At 1 September 2017

42,000

Charge for year

3,000

At 31 August 2018

45,000

NET BOOK VALUE

At 31 August 2018

24,900

At 31 August 2017

16,810

Depreciation is provided write off each asset over its estimated useful life.

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2017

and 31 August 2018

20,482

DEPRECIATION

At 1 September 2017

19,741

Charge for year

150

At 31 August 2018

19,891

NET BOOK VALUE

At 31 August 2018

591

At 31 August 2017

741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

29,994

29,500

Other debtors

319

3,867

30,313

33,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

13,496

16,727

Taxation and social security

(553

)

15

Other creditors

1,047

11,338

13,990

28,080

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans

21,740

29,259

Other creditors

22,882

-

44,622

29,259

9.	ULTIMATE CONTROLLING PARTY