BLUE_MOON_HOLDINGS_LIMITE - Accounts

BLUE MOON HOLDINGS LIMITED - Company Information

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Company Registration No. 04173238 (England and Wales)

BLUE MOON HOLDINGS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

BLUE MOON HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

BLUE MOON HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,921,887

2,038,132

Investments

150,302

225,302

2,072,189

2,263,434

Current assets

Stocks

53,356

20,000

Debtors

152,606

219,288

Cash at bank and in hand

31,850

181,103

237,812

420,391

Creditors: amounts falling due within one year

(123,072)

(1,056,874)

Net current assets/(liabilities)

114,740

(636,483)

Total assets less current liabilities

2,186,929

1,626,951

Creditors: amounts falling due after more than one year

(712,253)

Provisions for liabilities

(4,337)

(3,560)

1,470,339

1,623,391

Capital and reserves

Called up share capital

100

Revaluation reserve

165,434

234,980

Profit and loss account

1,304,805

1,388,311

Shareholders' funds

1,470,339

1,623,391

BLUE MOON HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

N C Tomlinson

Director

Company Registration No. 04173238

BLUE MOON HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

depreciation is not provided on land and buildings

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Land and buildings

Investment properties are shown at their open market value. The surplus or deficit arising from the revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the FRSSE which does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

1.8

Foreign currency transactions

BLUE MOON HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2015

2,091,418

225,302

2,316,720

Additions

8,789

175,000

183,789

Disposals

(120,000)

(250,000)

(370,000)

At 30 April 2016

1,980,207

150,302

2,130,509

Depreciation

At 1 May 2015

53,286

Charge for the year

5,034

At 30 April 2016

58,320

Net book value

At 30 April 2016

1,921,887

150,302

2,072,189

At 30 April 2015

2,038,132

225,302

2,263,434

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

BTS Specialised Equipment Limited (in liquidation)

England

Ordinary

100.00

NTS Specialised Equipment Limited

England

Ordinary

100.00

Blue Moon Property Development Ltd

England

Ordinary

100.00

Blue Moon Telecoms Limited

England

Ordinary

100.00

BLUE MOON HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

Fixed assets

(Continued)

- 5 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

BTS Specialised Equipment Limited (in liquidation)

Sale of mobile telephones

495,705

NTS Specialised Equipment Limited

Sale of mobile telephones

(43,037)

(253,425)

Blue Moon Property Development Ltd

Dormant company

100

Blue Moon Telecoms Limited

Dormant company

4,483

4,482

Investments represents a long term loan made to an unconnected company and will be repaid at the discretion of the director.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The company is controlled by its sole director, N C Tomlinson.