2022-01-012022-12-312022-12-31false10306965BLEASDALE & CO. SOLICITORS LIMITED2023-09-28iso4217:GBPxbrli:pure103069652022-01-01103069652022-12-31103069652022-01-012022-12-31103069652021-01-01103069652021-12-31103069652021-01-012021-12-3110306965bus:SmallEntities2022-01-012022-12-3110306965bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3110306965bus:FullAccounts2022-01-012022-12-3110306965bus:PrivateLimitedCompanyLtd2022-01-012022-12-3110306965core:WithinOneYear2022-12-3110306965core:AfterOneYear2022-12-3110306965core:WithinOneYear2021-12-3110306965core:AfterOneYear2021-12-3110306965core:ShareCapital2022-12-3110306965core:SharePremium2022-12-3110306965core:RevaluationReserve2022-12-3110306965core:OtherReservesSubtotal2022-12-3110306965core:RetainedEarningsAccumulatedLosses2022-12-3110306965core:ShareCapital2021-12-3110306965core:SharePremium2021-12-3110306965core:RevaluationReserve2021-12-3110306965core:OtherReservesSubtotal2021-12-3110306965core:RetainedEarningsAccumulatedLosses2021-12-3110306965core:LandBuildings2022-12-3110306965core:PlantMachinery2022-12-3110306965core:Vehicles2022-12-3110306965core:FurnitureFittings2022-12-3110306965core:OfficeEquipment2022-12-3110306965core:NetGoodwill2022-12-3110306965core:IntangibleAssetsOtherThanGoodwill2022-12-3110306965core:ListedExchangeTraded2022-12-3110306965core:UnlistedNon-exchangeTraded2022-12-3110306965core:LandBuildings2021-12-3110306965core:PlantMachinery2021-12-3110306965core:Vehicles2021-12-3110306965core:FurnitureFittings2021-12-3110306965core:OfficeEquipment2021-12-3110306965core:NetGoodwill2021-12-3110306965core:IntangibleAssetsOtherThanGoodwill2021-12-3110306965core:ListedExchangeTraded2021-12-3110306965core:UnlistedNon-exchangeTraded2021-12-3110306965core:LandBuildings2022-01-012022-12-3110306965core:PlantMachinery2022-01-012022-12-3110306965core:Vehicles2022-01-012022-12-3110306965core:FurnitureFittings2022-01-012022-12-3110306965core:OfficeEquipment2022-01-012022-12-3110306965core:NetGoodwill2022-01-012022-12-3110306965core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110306965core:ListedExchangeTraded2022-01-012022-12-3110306965core:UnlistedNon-exchangeTraded2022-01-012022-12-3110306965core:MoreThanFiveYears2022-01-012022-12-3110306965core:Non-currentFinancialInstruments2022-12-3110306965core:Non-currentFinancialInstruments2021-12-3110306965dpl:CostSales2022-01-012022-12-3110306965dpl:DistributionCosts2022-01-012022-12-3110306965dpl:AdministrativeExpenses2022-01-012022-12-3110306965core:LandBuildings2022-01-012022-12-3110306965core:PlantMachinery2022-01-012022-12-3110306965core:Vehicles2022-01-012022-12-3110306965core:FurnitureFittings2022-01-012022-12-3110306965core:OfficeEquipment2022-01-012022-12-3110306965core:NetGoodwill2022-01-012022-12-3110306965core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110306965dpl:GroupUndertakings2022-01-012022-12-3110306965dpl:ParticipatingInterests2022-01-012022-12-3110306965dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110306965core:ListedExchangeTraded2022-01-012022-12-3110306965dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110306965core:UnlistedNon-exchangeTraded2022-01-012022-12-3110306965dpl:CostSales2021-01-012021-12-3110306965dpl:DistributionCosts2021-01-012021-12-3110306965dpl:AdministrativeExpenses2021-01-012021-12-3110306965core:LandBuildings2021-01-012021-12-3110306965core:PlantMachinery2021-01-012021-12-3110306965core:Vehicles2021-01-012021-12-3110306965core:FurnitureFittings2021-01-012021-12-3110306965core:OfficeEquipment2021-01-012021-12-3110306965core:NetGoodwill2021-01-012021-12-3110306965core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3110306965dpl:GroupUndertakings2021-01-012021-12-3110306965dpl:ParticipatingInterests2021-01-012021-12-3110306965dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3110306965core:ListedExchangeTraded2021-01-012021-12-3110306965dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3110306965core:UnlistedNon-exchangeTraded2021-01-012021-12-3110306965core:NetGoodwill2022-12-3110306965core:IntangibleAssetsOtherThanGoodwill2022-12-3110306965core:LandBuildings2022-12-3110306965core:PlantMachinery2022-12-3110306965core:Vehicles2022-12-3110306965core:FurnitureFittings2022-12-3110306965core:OfficeEquipment2022-12-3110306965core:AfterOneYear2022-12-3110306965core:WithinOneYear2022-12-3110306965core:ListedExchangeTraded2022-12-3110306965core:UnlistedNon-exchangeTraded2022-12-3110306965core:ShareCapital2022-12-3110306965core:SharePremium2022-12-3110306965core:RevaluationReserve2022-12-3110306965core:OtherReservesSubtotal2022-12-3110306965core:RetainedEarningsAccumulatedLosses2022-12-3110306965core:NetGoodwill2021-12-3110306965core:IntangibleAssetsOtherThanGoodwill2021-12-3110306965core:LandBuildings2021-12-3110306965core:PlantMachinery2021-12-3110306965core:Vehicles2021-12-3110306965core:FurnitureFittings2021-12-3110306965core:OfficeEquipment2021-12-3110306965core:AfterOneYear2021-12-3110306965core:WithinOneYear2021-12-3110306965core:ListedExch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BLEASDALE & CO. SOLICITORS LIMITED

Registered Number
10306965
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

BLEASDALE & CO. SOLICITORS LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

DE-MAINE, Sarah
THOMAS, Pamela

Registered Address

14 Scotch Street
Whitehaven
CA28 7NG

Registered Number

10306965 (England and Wales)
BLEASDALE & CO. SOLICITORS LIMITED
Statement of Financial Position
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets884,000209,740
84,000209,740
Current assets
Debtors1497,179222,153
Cash at bank and on hand84,567166,090
181,746388,243
Creditors amounts falling due within one year15(308,382)(361,534)
Net current assets (liabilities)(126,636)26,709
Total assets less current liabilities(42,636)236,449
Creditors amounts falling due after one year16-(69,616)
Net assets(42,636)166,833
Capital and reserves
Called up share capital300300
Profit and loss account(42,936)166,533
Shareholders' funds(42,636)166,833
The financial statements were approved and authorised for issue by the Board of Directors on 28 September 2023, and are signed on its behalf by:
THOMAS, Pamela
Director
Registered Company No. 10306965
BLEASDALE & CO. SOLICITORS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
On 1 December 2022 the company sold its trade and assets, excluding freehold property, book debts, work-in-progress relating to matters which are unbilled but 100% complete and Legal Aid agency work. This also represents a change in principal activity from the provision of legal services to property investment.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings15-
Office Equipment-3
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits policy
The company operated a defined contribution plan for its employees up until 1 December 2022. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
5.Employee information

20222021
Average number of employees during the year1320
6.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 22390,000390,000
Disposals(390,000)(390,000)
Amortisation and impairment
At 01 January 22390,000390,000
On disposals(390,000)(390,000)
Net book value
At 31 December 22--
At 31 December 21--
7.Useful life of intangible asset
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of Goodwill has been set at 5 years and the asset will be amortised on a straight line over that period.
8.Property, plant and equipment

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 22225,0006,91418,752250,666
Disposals-(6,914)(18,752)(25,666)
At 31 December 22225,000--225,000
Depreciation and impairment
At 01 January 2222,5003,84514,58140,926
Charge for year4,5004223,1878,109
On disposals-(4,267)(17,768)(22,035)
Other adjustments114,000--114,000
At 31 December 22141,000--141,000
Net book value
At 31 December 2284,000--84,000
At 31 December 21202,5003,0694,171209,740
9.Provisions for impairment of tangible assets
An impairment loss of £114,000 was recognised in relation to land and buildings.
10.Description of financial commitments other than capital commitments
At 31 December 2022 the company had future minimum lease payments under non-cancellable operating leases of £Nil (2021: £5,537).
11.Off balance sheet pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £nil (2021 - £1,203).
12.Description of nature of transactions and balances with related parties
On 1 January 2022 the company owed the Directors £53,663. During the period the directors were repaid £90,072 and extracted a further £46,515. At 31 December 2022 the company owed the Directors £97,220. No interest was charged on this loan and the loan is repayable on demand.
13.Further information regarding the company's financial position
In respect of these Financial Statements the comparative income statement has had £8,251 moved from administrative expenses to interest payable and similar charges, these reclassifications have not affected the reported profit position which remains the same.
14.Debtors

2022

2021

££
Trade debtors / trade receivables87,440101,511
Prepayments and accrued income9,739120,642
Total97,179222,153
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
15.Creditors within one year

2022

2021

££
Trade creditors / trade payables3,8772,437
Bank borrowings and overdrafts-26,051
Taxation and social security57,830108,332
Other creditors237,924213,572
Accrued liabilities and deferred income8,75111,142
Total308,382361,534
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
16.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts-69,616
Total-69,616