REGISTERED NUMBER:
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Bloomsbury Minerals Economics Limited |
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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REGISTERED NUMBER:
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Bloomsbury Minerals Economics Limited |
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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Bloomsbury Minerals Economics Limited |
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Company Information |
for the Year Ended 30 June 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
97 Judd Street |
London |
WC1H 9JG |
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BANKERS: |
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Tavistock House |
Tavistock Square |
London |
WC1H 9XA |
Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Report of the Directors |
for the Year Ended 30 June 2020 |
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The directors present their report with the financial statements of the company for the year ended 30 June 2020. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 July 2019 to the date of this |
report. |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
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ON BEHALF OF THE BOARD: |
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Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Balance Sheet |
30 June 2020 |
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30/6/20 | 30/6/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Balance Sheet - continued |
30 June 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
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1. | STATUTORY INFORMATION |
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Bloomsbury Minerals Economics Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Fixtures and fittings | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Investments |
Fixed asset investments are stated at market value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 -
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Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 July 2019 |
and 30 June 2020 |
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DEPRECIATION |
At 1 July 2019 |
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Charge for year |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 30 June 2019 |
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5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
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COST OR VALUATION |
At 1 July 2019 | 1,806,405 |
Additions | 151,900 |
Revaluations |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 30 June 2019 |
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Bloomsbury Minerals Economics Limited (Registered number: 02815797) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
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5. | FIXED ASSET INVESTMENTS - continued |
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Cost or valuation at 30 June 2020 is represented by: |
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Interest |
in |
associate |
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Valuation in 2020 |
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Cost | 337,035 |
2,012,905 |
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6. | DEBTORS |
30/6/20 | 30/6/19 |
£ | £ |
Amounts falling due within one year: |
VAT |
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Amounts falling due after more than one year: |
Other loans | - | 190,000 |
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Aggregate amounts |
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The interest charged by the Company on "Other loans" was 4% per annum. |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/20 | 30/6/19 |
£ | £ |
Other creditors |
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Directors' current accounts | 42,388 | 1,099 |
Accrued expenses |
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