Blue Roan Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04590569 (England and Wales)

BLUE ROAN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

Mr N Michaels

REGISTERED OFFICE:

20 Kings Lynn Road

Hunstanton

Norfolk

PE36 5HP

BUSINESS ADDRESS:

Islington Hall

Nr Tilney All Saints

King's Lynn

Norfolk

PE34 4SB

REGISTERED NUMBER:

04590569 (England and Wales)

CURRENT ASSETS

Debtors

4

22,153

-

Cash at bank

10,392

1,695

32,545

1,695

CREDITORS

Amounts falling due within one year

5

13,256

3,191

NET CURRENT ASSETS/(LIABILITIES)

19,289

(1,496

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,289

(1,496

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,189

(1,596

)

19,289

(1,496

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 September 2022 and were signed by:

Mr N Michaels - Director

1.	STATUTORY INFORMATION

Blue Roan Ltd 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 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 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.

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 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

22,153

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

11,666

-

Other creditors

1,590

3,191

13,256

3,191

6.	RELATED PARTY DISCLOSURES

The following advances and repayments to a director subsisted during the year ended 31 March 2022:

2022

£

Balance outstanding at start of year

2,231

Advances

(51,406

)

Repayments

27,022

Balance outstanding at end of year

(22,153

)

The outstanding loan is subject to interest at the HMRC official rate, it is unsecured, and has been repaid before the date of signing these accounts.