Bluestream Investments Ltd - Period Ending 2019-05-31

Registration number: 04443620

Bluestream Investments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2019

Bluestream Investments Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Bluestream Investments Ltd

Company Information

Director

J A Steward

Registered office

5 East Lane London SE16 4UD

Page 1

Bluestream Investments Ltd

(Registration number: 04443620)
Balance Sheet as at 31 May 2019

	Note	2019 £	2018 £
Fixed assets
Investments	3	30,000	30,000
Current assets
Debtors	4	1	1
Total assets less current liabilities		30,001	30,001
Creditors: Amounts falling due after more than one year	5	(30,314)	(30,314)
Net liabilities		(313)	(313)
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(314)	(314)
Total equity		(313)	(313)

For the financial year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 February 2020
 

.........................................

J A Steward
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

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Bluestream Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2019

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5 East Lane
London
SE16 4UD

These financial statements were authorised for issue by the director on 11 February 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

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Bluestream Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2019

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Investments

	2019 £	2018 £
Investments in associates	30,000	30,000

Associates	£
Cost
At 1 June 2018	30,000
Provision
Carrying amount
At 31 May 2019	30,000
At 31 May 2018	30,000

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2019	2018
Associates
Equity Direct (Pty) Ltd		ordinary	35%	35%
	South Africa

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Bluestream Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2019

Associates

Equity Direct (Pty) Ltd The principal activity of Equity Direct (Pty) Ltd is investment in property.. Its financial period end is 28 February. The loss for the financial period of Equity Direct (Pty) Ltd was £3,644 and the aggregate amount of capital and reserves at the end of the period was £216,850.

4

Debtors

	2019 £	2018 £
Other debtors	1	1
	1	1

5

Creditors

Creditors: amounts falling due after more than one year

	Note	2019 £	2018 £
Due after one year
Loans and borrowings	7	30,314	30,314

The loans are unsecured, repayable on demand and interest free.

6	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

7	Loans and borrowings

	2019 £	2018 £
Non-current loans and borrowings
Other borrowings	30,314	30,314

Page 5

Bluestream Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2019

8	Parent and ultimate parent undertaking

The ultimate holding company is Pallister Holdings Limited which holds the issued share capital upon trust and as nominee for Maitland Trustees Limited. The controlling party as defined by FRS102 is Maitland Trustees Limited.

 The company's immediate parent is Pallister Holdings Limited, incorporated in British Virgin Islands.

 

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