Blue & Bad Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04527744 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

BLUE & BAD LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Rogers

D L Chasemore

B G Cundy

SECRETARY:

D L Chasemore

REGISTERED OFFICE:

11 Laura Place

Bath

Somerset

BA2 4BL

REGISTERED NUMBER:

04527744 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Blue & Bad Limited for the year ended 30 September 2015 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 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Blue & Bad 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 Blue & Bad Limited and state those matters that we have agreed to state to the Board of Directors of Blue & Bad Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue & Bad 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 profit of Blue & Bad Limited. You consider that Blue & Bad 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 Blue & Bad

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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

29 March 2016

FIXED ASSETS

Investment property

2

1,201,139

1,201,139

CURRENT ASSETS

Debtors

8,037

8,038

Cash at bank

56,571

25,581

64,608

33,619

CREDITORS

Amounts falling due within one year

3

127,809

102,456

NET CURRENT LIABILITIES

(63,201

)

(68,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,137,938

1,132,302

CREDITORS

Amounts falling due after more than one year

3

150,000

250,000

NET ASSETS

987,938

882,302

CAPITAL AND RESERVES

Called up share capital

4

40

40

Profit and loss account

987,898

882,262

SHAREHOLDERS' FUNDS

987,938

882,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 March 2016 and were signed on its behalf by:

D L Chasemore - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as rent is due.

Investment property

Investment properties are included in the Balance sheet at their open market value in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated.

This treatment is contrary to the Companies Act 2006 which states that fixed assets should be

depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the

financial position of the company.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2014

and 30 September 2015

1,201,139

NET BOOK VALUE

At 30 September 2015

1,201,139

At 30 September 2014

1,201,139

3.

CREDITORS

Creditors include an amount of £ 250,000 (2014 - £ 350,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

40

Ordinary

£1

40

40

5.	ULTIMATE CONTROLLING PARTY