Blue Flint Group LTD - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07500323 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BLUE FLINT GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Atherton

Mrs C E Menzies

Mrs S L Rowe

SECRETARY:

P G Atherton

REGISTERED OFFICE:

Unit 1.1 Paintworks

Bristol

United Kingdom

BS4 3EH

REGISTERED NUMBER:

07500323 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

3

780,835

780,835

Investments

4

7,391

1,873

788,226

782,708

CURRENT ASSETS

Debtors

5

528,894

62,512

Cash at bank

1,058

6,114

529,952

68,626

CREDITORS

Amounts falling due within one year

6

571,863

85,861

NET CURRENT LIABILITIES

(41,911

)

(17,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

746,315

765,473

CREDITORS

Amounts falling due after more than one year

7

434,827

457,040

NET ASSETS

311,488

308,433

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

310,488

307,433

SHAREHOLDERS' FUNDS

311,488

308,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2017 and were signed on its behalf by:

P G Atherton - Director

1.	STATUTORY INFORMATION

Blue Flint Group LTD 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life:

Long Leasehold - not depreciated

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

3.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST

At 1 January 2016

and 31 December 2016

780,835

NET BOOK VALUE

At 31 December 2016

780,835

At 31 December 2015

780,835

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

1,873

Additions

5,518

At 31 December 2016

7,391

NET BOOK VALUE

At 31 December 2016

7,391

At 31 December 2015

1,873

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

528,894

62,512

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

20,828

19,443

Taxation and social security

2,616

3,604

Other creditors

548,419

62,814

571,863

85,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

434,827

457,040

8.	SECURED DEBTS

HSBC Bank has a fixed and floating charge over the assets of the parent company and its

subsidiaries.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

810

Ordinary A

£1.00

810

810

190

Ordinary B

£1.00

190

190

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 January 2016

307,433

Profit for the year

956,247

Dividends

(953,192

)

At 31 December 2016

310,488

11.	RELATED PARTY DISCLOSURES

During the year, the company received rent of £43,329 (2015: £43,329) from Ignition DG

Limited, a wholly owned subsidiary.

During the year, the company received dividend income from Ignition DG Limited of

£951,693 (2015: £411,317). At the year end, the company owed £95,778 to Ignition DG

Limited (2015: £52,140) and was owed £450,000 (2016: £nil) from Ignition DG Limited.

During the year the company repaid £8,640 to Caroline Partners Limited, a company of

which Blue Flint Group Ltd is a shareholder. At the year end, the company owed £Nil (2015:

£8,460) to the company.

During the year, the company paid expenses of £804 on behalf of Phoenix Wharf Design

Limited, a company of which Blue Flint Group Ltd is a shareholder and Phoenix Wharf

Design Limited repaid £660. At the year end, the company was owed £69 (2015: £75) from

Phoenix Wharf Design Limited.

During the year, the company paid dividends to Atherton Rowe Limited of £828,421 (2015:

£289,257) and lent £750 to Atherton Rowe Limited, a company which owns shares in Blue

Flint Group Limited. At the year end, Atherton Rowe Limited owed £Nil (2015: £750) to the

company and the company owed £450,000 (2015: £nil) to Atherton Rowe Limited.

During the year, the company lent £16,998 (2015: £60,000) to Tiny Spark Ltd, a company in

which it owns shares. At the year end, £76,997 (2015: £59,999) was still to be repaid.

The company voted dividends to the following directors:

C E Menzies £124,771 (2015: £87,027)

S L Rowe £Nil (2015: £35,033)

12.	ULTIMATE CONTROLLING PARTY

During the year, the company was under the ultimate control of Mrs C E Menzies, by virtue

of her majority shareholding.