2014 Companies House Accounts - pinacle (P14IXCHSE)

2014 Companies House Accounts - pinacle (P14IXCHSE)

BLOONET LTD - Company Information

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BLOONET LTD 4858134 2013-09-01 2014-08-31 false true 4858134 2012-08-31 4858134 2012-09-01 2013-08-31 4858134 uk-countries:OtherCountriesRegions 2012-09-01 2013-08-31 4858134 uk-countries:UnitedKingdom 2012-09-01 2013-08-31 4858134 uk-countries:Europe 2012-09-01 2013-08-31 4858134 uk-countries:Africa 2012-09-01 2013-08-31 4858134 uk-countries:South-eastAsia 2012-09-01 2013-08-31 4858134 uk-gaap:BusinessSegment1 2012-09-01 2013-08-31 4858134 uk-gaap:BusinessSegment2 2012-09-01 2013-08-31 4858134 uk-gaap:BusinessSegment3 2012-09-01 2013-08-31 4858134 uk-gaap:BusinessSegment4 2012-09-01 2013-08-31 4858134 uk-gaap:BusinessSegment5 2012-09-01 2013-08-31 4858134 uk-gaap:OfficeEquipment 2012-09-01 2013-08-31 4858134 uk-gaap:FixturesFittingsToolsEquipment 2012-09-01 2013-08-31 4858134 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-09-01 2013-08-31 4858134 uk-gaap:PositiveGoodwill 2012-09-01 2013-08-31 4858134 uk-gaap:LandBuildings 2012-09-01 2013-08-31 4858134 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4858134 uk-gaap:PositiveGoodwill 2014-08-31 4858134 uk-gaap:LandBuildings 2014-08-31 4858134 uk-gaap:LeasedTangibleFixedAssets 2014-08-31 4858134 uk-gaap:LongLeaseholdProperties 2014-08-31 4858134 uk-gaap:Vehicles 2014-08-31 4858134 uk-gaap:MotorVehicles 2014-08-31 4858134 uk-gaap:OtherIntangibleFixedAssets 2014-08-31 4858134 uk-gaap:OtherTangibleFixedAssets 2014-08-31 4858134 uk-gaap:PlantMachinery 2014-08-31 4858134 uk-gaap:ShortLeaseholdProperties 2014-08-31 4858134 uk-bus:EntityAccountantsOrAuditors 2014-08-31 4858134 uk-bus:RegisteredOffice 2014-08-31 xbrli:pure iso4217:GBP xbrli:shares
                                                                                                                                                                           
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
BLOONET LTD
 
 
 
 
 
 
ABBREVIATED ACCOUNTS
 
 
 
 
 
YEAR ENDED 31 AUGUST 2014
 
 
 
 
 
 
 
 
 
 
 
COMPANY REGISTRATION NUMBER - 4858134
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
 
                                                                                                                                                                           
1 .
BLOONET LTD
Company Number - 4858134
 
ABBREVIATED BALANCE SHEET
 
31 August 2014
 
2014 2013
Notes £ £ £ £
 
FIXED ASSETS
 
Tangible assets 2 379,103 526,244
 
CURRENT ASSETS
 
Debtors 68,409 45,679
Cash at Bank 2,816 255
71,225 45,934
CURRENT LIABILITIES
 
Creditors - Amounts falling
due within one year 3 137,038 150,699
NET CURRENT LIABILITIES (65,813 ) (104,765 )
TOTAL ASSETS LESS CURRENT LIABILITIES 313,290 421,479
CREDITORS - Amounts falling
due after more than one year 3 219,817 284,895
NET ASSETS 93,473 136,584
                                                                                                                                                                           
2 .
BLOONET LTD
Company Number - 4858134
 
ABBREVIATED BALANCE SHEET
 
31 August 2014
 
2014 2013
Notes £ £ £ £
 
 
CAPITAL AND RESERVES
 
Called up share capital 4 1 1
Revaluation reserve 54,337 26,683
Profit and loss account 39,135 109,900
SHAREHOLDERS' FUNDS 93,473 136,584
 
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
For the financial year ended 31 August 2014, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
 
 
Approved by the board on 26 May 2015.
 
)
......................... ) S DAMEN
Director
 
                                                                                                                                                                           
3 .
BLOONET LTD
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 AUGUST 2014
 
1 . ACCOUNTING POLICIES
 
BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
Tangible assets other than freehold land and investment properties are depreciated at
the following annual rates in order to write off each asset over its estimated useful
life.
 
Fixtures and fittings - 10% reducing balance
 
TANGIBLE FIXED ASSETS-INVESTMENT PROPERTY
No depreciation is provided on property owned by the company in accordance with
the Financial Reporting Standard for Smaller Entities as this is investment property.
In so doing the company is invoking the true and fair override permitted by the
Financial Reporting Standard For Smaller Entities.
 
PROVISIONS
Provisions are set up only where it is probable that a present obligation exists as a
result of an event prior to the balance sheet date and that a payment will be required
in settlement that can be estimated reliably. Where material, provisions are
calculated on a discount basis.
 
COMPANY PROPERTIES
The properties are valued annually by the director at the end of the financial year
on an open market basis assuming they are tenanted, with the company's share of
any resulting surplus or deficit being transferred to the revaluation reserve.
 
DEFERRED TAXATION
No provision for taxation or deferred taxation is made in respect of the liability
which would arise if the company's properties were sold at their net book value.
Provision is made in respect of deferred taxation when there is a reasonable
probability that a liability will crystallise in the foreseeable future.
 
TURNOVER
Turnover represents rent receivable.
 
 
                                                                                                                                                                           
4 .
BLOONET LTD
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 AUGUST 2014
 
2 . FIXED ASSETS
Tangible
fixed
assets
£
Cost or valuation
At 01 September 2013 530,013
Revaluation 27,654
Disposals (174,561 )
At 31 August 2014 383,106
 
Depreciation
At 01 September 2013 3,769
Charge for year 234
At 31 August 2014 4,003
 
Net Book Values
At 31 August 2014 379,103
 
At 01 September 2013 526,244
 
 
2014 2013
£ £
3 . CREDITORS
 
Included in creditors are the following:
 
Bank loan not wholly repayable within five years
repayable after one year 209,517 284,895
Bank overdraft - 4,586
209,517 289,481
 
 
The bank loan and overdraft are secured.
 
 
                                                                                                                                                                           
5 .
BLOONET LTD
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 31 AUGUST 2014
 
4 . CALLED UP SHARE CAPITAL
2014 2013
£ £
 
There was no change in share capital during the year.
 
Allotted, called up and fully paid
Ordinary shares of £1 each 1 1