House Of Blue Ltd
House Of Blue Ltd
Registered number: 12796924
Unaudited Financial Statements
For The Year Ended
31 August 2023
House Of Blue Ltd
Unaudited Financial Statements
For The Year Ended
31 August 2023
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Company Information | 1 |
Accountant's Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4—5 |
Page 1
House Of Blue Ltd
Company Information
For The Year Ended
31 August 2023
Company Information
Directors |
|
|
|
Company Number |
|
Registered Office | 94 Childwall Valley Road |
Liverpool | |
L16 4PF | |
Accountants |
|
Chartered Accountants | |
|
|
Liverpool | |
Merseyside | |
L1 3DN | |
Page 1
Page 2
House Of Blue Ltd
Accountant's Report
For The Year Ended
31 August 2023
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of
House Of Blue Ltd
for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
House Of Blue Ltd
for the year ended 31 August 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of
House Of Blue Ltd
, as a body, in accordance with the terms of our engagement letter dated 23 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of
House Of Blue Ltd
and state those matters that we have agreed to state to the directors of
House Of Blue Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
House Of Blue Ltd
and its directors, as a body, for our work or for this report.
It is your duty to ensure that
House Of Blue Ltd
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
House Of Blue Ltd
. You consider that
House Of Blue Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
House Of Blue Ltd
. 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 financial statements.
Signed |
|
|
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
House Of Blue Ltd
Balance Sheet
As At
31 August 2023
Balance Sheet
Registered number:
12796924
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 4 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 5 |
|
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 2 | 493 | |||
On behalf of the board
Director
|
|
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
House Of Blue Ltd
Notes to the Financial Statements
For The Year Ended
31 August 2023
Notes to the Financial Statements
1.
General Information
House Of Blue Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12796924
. The registered office is 94 Childwall Valley Road, Liverpool, L16 4PF.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.4.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
4.
Debtors
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Other debtors | 2 | 1,835 | |
|
|
||
5.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other creditors | - | 2,338 | |
Taxation and social security |
|
|
|
|
|
||
Page 4
Page 5
House Of Blue Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2023
6.
Share Capital
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Allotted, Called up and fully paid |
|
|
|
7.
Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
The above loan is unsecured, interest free and repayable on demand.
8.
Related Party Transactions
The following related party transactions were undertaken during the year:
The directors' withdrew amounts totalling £12,115 (2022: £16,875) and repaid amounts totalling £11,106 (2022: £17,901). At the balance sheet date the amount owed from the directors was £2 (2022: £1,007).
Dividends were paid to the directors in respect of their shareholdings totalling £Nil. (2022: £10,000)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
9.
Break-Up Basis
The directors wish to prepare the financial statements on the break-up basis as they are to cease their major operations. The going concern basis is therefore not appropriate.
Page 5