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REGISTERED NUMBER: 11546974 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Blue Ocean Bidco 2 Limited

Blue Ocean Bidco 2 Limited (Registered number: 11546974)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Blue Ocean Bidco 2 Limited

Company Information
for the year ended 31 December 2022







DIRECTOR: R Sidebottom





REGISTERED OFFICE: 9 Bridge Road
Chatburn
Clitheroe
BB7 4AW





REGISTERED NUMBER: 11546974 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Blue Ocean Bidco 2 Limited (Registered number: 11546974)

Abridged Balance Sheet
31 December 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,250 61,250
Tangible assets 5 315,000 335,000
341,250 396,250

CURRENT ASSETS
Debtors 93,648 53,231
Cash at bank 181,264 480,458
274,912 533,689
CREDITORS
Amounts falling due within one year 277,893 683,736
NET CURRENT LIABILITIES (2,981 ) (150,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,269

246,203

CREDITORS
Amounts falling due after more than one
year

29,923

39,690
NET ASSETS 308,346 206,513

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 308,345 206,512
SHAREHOLDERS' FUNDS 308,346 206,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Blue Ocean Bidco 2 Limited (Registered number: 11546974)

Abridged Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





R Sidebottom - Director


Blue Ocean Bidco 2 Limited (Registered number: 11546974)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Blue Ocean Bidco 2 Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The company has net current liabilities in the current and previous financial year. The company is reliant on the continued financial support of other group companies. The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on 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 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.

Blue Ocean Bidco 2 Limited (Registered number: 11546974)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 175,000
AMORTISATION
At 1 January 2022 113,750
Amortisation for year 35,000
At 31 December 2022 148,750
NET BOOK VALUE

At 31 December 2022 26,250
At 31 December 2021 61,250

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 400,000
DEPRECIATION
At 1 January 2022 65,000
Charge for year 20,000
At 31 December 2022 85,000
NET BOOK VALUE
At 31 December 2022 315,000
At 31 December 2021 335,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/22 31/12/21
value: £    £   
1 Ordinary £1 1 1