Building Blocks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02448001 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Building Blocks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

G F A Hooper

Mrs P A Hooper

Miss M V Hooper

SECRETARY:

Mrs P A Hooper

REGISTERED OFFICE:

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

REGISTERED NUMBER:

02448001 (England and Wales)

ACCOUNTANTS:

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

FIXED ASSETS

Tangible assets

4

2,143

1,985

Investments

5

157,061

159,619

Investment property

6

646,000

646,000

805,204

807,604

CURRENT ASSETS

Debtors

7

879

6,477

Cash at bank

599,382

648,186

600,261

654,663

CREDITORS

Amounts falling due within one year

8

(896,350

)

(932,290

)

NET CURRENT LIABILITIES

(296,089

)

(277,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

509,115

529,977

PROVISIONS FOR LIABILITIES

9

(18,954

)

(18,954

)

NET ASSETS

490,161

511,023

CAPITAL AND RESERVES

Called up share capital

10

130,000

130,000

Other reserves

11

80,806

80,806

Retained earnings

279,355

300,217

SHAREHOLDERS' FUNDS

490,161

511,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 12 August 2021 and were signed on its behalf by:

Mrs P A Hooper - Director

1.	STATUTORY INFORMATION

Building Blocks 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Fixed asset investments

Other Investments

Listed investments are stated at fair value. Any changes in fair value are recognised in the Profit and Loss account.

Other investments are stated at cost are stated at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

22,147

Additions

1,531

Disposals

(1,517

)

At 30 September 2020

22,161

DEPRECIATION

At 1 October 2019

20,162

Charge for year

1,373

Eliminated on disposal

(1,517

)

At 30 September 2020

20,018

NET BOOK VALUE

At 30 September 2020

2,143

At 30 September 2019

1,985

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2019

159,619

Revaluations

(2,558

)

At 30 September 2020

157,061

NET BOOK VALUE

At 30 September 2020

157,061

At 30 September 2019

159,619

Cost or valuation at 30 September 2020 is represented by:

Other

investments

£

Valuation in 2019

(215,684

)

Cost

372,745

157,061

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2019

646,000

Additions

10,501

Revaluations

(10,501

)

At 30 September 2020

646,000

NET BOOK VALUE

At 30 September 2020

646,000

At 30 September 2019

646,000

Fair value at 30 September 2020 is represented by:

£

Valuation in 2019

(120,936

)

Cost

766,936

646,000

The investment property was valued by the director on 30 September 2019.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

879

6,477

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

2,840

1,520

Other creditors

893,510

930,770

896,350

932,290

9.	PROVISIONS FOR LIABILITIES

30.9.20

30.9.19

£

£

Deferred tax

Other timing differences

18,954

18,954

Deferred

tax

£

Balance at 1 October 2019

18,954

Balance at 30 September 2020

18,954

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

65,000

Ordinary

£1

65,000

65,000

65,000

Non-voting ordinary

£1

65,000

65,000

130,000

130,000

With the exception of voting rights, all shares are identical and rank pari passu in all other respects.

11.

RESERVES

Other

reserves

£

At 1 October 2019

and 30 September 2020

80,806

12.	RELATED PARTY DISCLOSURES

Other creditors includes monies advanced by the directors amounting to £885,401 (2019- £927,770). The advance is made interest-free without any fixed repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Building Blocks Limited for the year ended 30 September 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Building Blocks Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Building Blocks Limited and state those matters that we have agreed to state to the Board of Directors of Building Blocks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Building Blocks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Building Blocks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Building Blocks Limited. You consider that Building Blocks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Building Blocks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

12 August 2021