Building Blocks Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02448001 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

Building Blocks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs P A Hooper

Miss M V Hooper

Ms A N C Hooper

SECRETARY:

Mrs P A Hooper

REGISTERED OFFICE:

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

BUSINESS ADDRESS:

Abystree

Robeston Wathen

Narberth

Pembrokeshire

SA67 8ET

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

8

948

Investments

5

363,187

388,430

Investment property

6

1,266,666

1,266,666

1,629,861

1,656,044

CURRENT ASSETS

Debtors

7

1,020

6,485

Cash at bank

1,749

1,954

2,769

8,439

CREDITORS

Amounts falling due within one year

8

895,668

888,878

NET CURRENT LIABILITIES

(892,899

)

(880,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

736,962

775,605

PROVISIONS FOR LIABILITIES

9

18,954

21,934

NET ASSETS

718,008

753,671

CAPITAL AND RESERVES

Called up share capital

10

130,000

130,000

Other reserves

11

80,806

93,511

Retained earnings

507,202

530,160

SHAREHOLDERS' FUNDS

718,008

753,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 29 June 2023 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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

and 30 September 2022

22,161

DEPRECIATION

At 1 October 2021

21,213

Charge for year

940

At 30 September 2022

22,153

NET BOOK VALUE

At 30 September 2022

8

At 30 September 2021

948

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2021

388,430

Revaluations

(25,243

)

At 30 September 2022

363,187

NET BOOK VALUE

At 30 September 2022

363,187

At 30 September 2021

388,430

Cost or valuation at 30 September 2022 is represented by:

Other

investments

£

Valuation in 2019

(215,684

)

Valuation in 2021

231,369

Valuation in 2022

(25,243

)

Cost

372,745

363,187

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2021

and 30 September 2022

1,266,666

NET BOOK VALUE

At 30 September 2022

1,266,666

At 30 September 2021

1,266,666

Fair value at 30 September 2022 is represented by:

£

Valuation in 2012

(1,696

)

Valuation in 2014

(21,000

)

Valuation in 2017

71,000

Valuation in 2018

(94,000

)

Valuation in 2019

(60,000

)

Valuation in 2021

55,000

Cost

1,317,362

1,266,666

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

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Other debtors

1,020

6,485

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade creditors

68

4,639

Other creditors

895,600

884,239

895,668

888,878

9.	PROVISIONS FOR LIABILITIES

30.9.22

30.9.21

£

£

Deferred tax

Other timing differences

18,954

21,934

Deferred

tax

£

Balance at 1 October 2021

21,934

Credit to Income Statement during year

(2,980

)

Balance at 30 September 2022

18,954

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

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 2021

93,511

Fair value adjustment in year

(12,705

)

At 30 September 2022

80,806

12.	RELATED PARTY DISCLOSURES

Other creditors includes monies advanced by the directors and shareholders amounting to £874,857 (2021 £881,238). 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 2022 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

29 June 2023