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Company Registration No. 05887574 (England and Wales)
Blauw Research Limited Unaudited accounts for the year ended 31 December 2022
Blauw Research Limited Unaudited accounts Contents
Page
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Blauw Research Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,030 
539 
Investments
91,273 
91,273 
92,303 
91,812 
Current assets
Debtors
30,361 
76,621 
Cash at bank and in hand
44,543 
100,750 
74,904 
177,371 
Creditors: amounts falling due within one year
(197,336)
(288,936)
Net current liabilities
(122,432)
(111,565)
Net liabilities
(30,129)
(19,753)
Capital and reserves
Called up share capital
16,969 
16,969 
Profit and loss account
(47,098)
(36,722)
Shareholders' funds
(30,129)
(19,753)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
Jonathan Wheeler Director Company Registration No. 05887574
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Blauw Research Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Blauw Research Limited is a private company, limited by shares, registered in England and Wales, registration number 05887574. The registered office is Ivy Cottage, 23 Cobden Road, Sevenoaks, Kent, TN13 3UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line basis
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Blauw Research Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
25,950 
1,050 
27,000 
Additions
1,056 
- 
1,056 
At 31 December 2022
27,006 
1,050 
28,056 
Depreciation
At 1 January 2022
25,893 
568 
26,461 
Charge for the year
215 
350 
565 
At 31 December 2022
26,108 
918 
27,026 
Net book value
At 31 December 2022
898 
132 
1,030 
At 31 December 2021
57 
482 
539 
5
Investments
Other investments 
£ 
Valuation at 1 January 2022
91,273 
Valuation at 31 December 2022
91,273 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,060 
49,320 
Amounts due from group undertakings etc.
27,301 
27,301 
30,361 
76,621 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
12 
811 
Trade creditors
26,128 
114,266 
Amounts owed to group undertakings and other participating interests
162,850 
162,850 
Other creditors
3,034 
6,172 
Loans from directors
3,597 
3,597 
Accruals
1,715 
1,240 
197,336 
288,936 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
16,969 Ordinary shares of £1 each
16,969 
16,969 
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Blauw Research Limited Notes to the Accounts for the year ended 31 December 2022
9
Transactions with related parties
The parent company is BBI Group B.V. a company incorporated in Netherlands. The ultimate controlling parties of Blauw Research Ltd are Wout van der Wijkand Kees de Jong the joint owners of BBI Group B.V 100%. At the year end an amount of £162,850 (2020 : £162,850) was owed to the parent company BBI B.V. The company also had £19,766 (2020 : £19,766) and £7,536 (2020 : £7,536) receivable from Blauw NL and BBI Group.
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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