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REGISTERED NUMBER: 07395055 (England and Wales)















BLENCOWE & PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLENCOWE & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R F Blencowe
Mr A J Painter
Mr R J Blencowe





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 07395055 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 336,378 518,022
Tangible assets 5 14,388 20,888
350,766 538,910

CURRENT ASSETS
Debtors 6 44,997 643,832
Cash at bank and in hand 6,058 850,869
51,055 1,494,701
CREDITORS
Amounts falling due within one year 7 395,094 208,161
NET CURRENT (LIABILITIES)/ASSETS (344,039 ) 1,286,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,727

1,825,450

PROVISIONS FOR LIABILITIES 2,577 3,308
NET ASSETS 4,150 1,822,142

CAPITAL AND RESERVES
Called up share capital 8 400 300
Revaluation reserve 9 - 97,550
Retained earnings 3,750 1,724,292
SHAREHOLDERS' FUNDS 4,150 1,822,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

BALANCE SHEET - continued
31 MARCH 2023


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

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 and authorised for issue on 18 December 2023 and were signed on its behalf by:




Mr A J Painter - Director



Mr R J Blencowe - Director


BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Blencowe & Partners 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1 sterling .

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of software
Turnover from the sale of software is recognised when significant risks and rewards of ownership of the software is transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the registration of the software.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from professional services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to time recorded on the client's ledger.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 25% reducing balance basis
Computer equipment - 25% straight line basis

BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 taxation
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 April 2022 518,022
Revaluations (97,550 )
At 31 March 2023 420,472
AMORTISATION
Charge for year 84,094
At 31 March 2023 84,094
NET BOOK VALUE
At 31 March 2023 336,378
At 31 March 2022 518,022

BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Goodwill
£   
Valuation in 2012 11,376
Valuation in 2013 61,176
Valuation in 2014 18,513
Valuation in 2015 72,295
Valuation in 2016 45,500
Valuation in 2019 56,590
Valuation in 2020 140,476
Valuation in 2021 (308,376 )
Valuation in 2023 (97,550 )
Cost 420,472
420,472

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 15,715 74,844 90,559
Additions 2,969 3,288 6,257
At 31 March 2023 18,684 78,132 96,816
DEPRECIATION
At 1 April 2022 11,480 58,191 69,671
Charge for year 2,849 9,908 12,757
At 31 March 2023 14,329 68,099 82,428
NET BOOK VALUE
At 31 March 2023 4,355 10,033 14,388
At 31 March 2022 4,235 16,653 20,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,853 348,901
Amounts recoverable on contract - 267,259
Other debtors 281 717
Prepayments and accrued income 21,863 26,955
44,997 643,832

BLENCOWE & PARTNERS LIMITED (REGISTERED NUMBER: 07395055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,056 12,304
Tax 1,680 89,873
Social security and other taxes 260 14,505
VAT 59,835 66,219
Other creditors 311,123 2,077
Directors' current accounts 5,090 1,064
Accruals and deferred income 8,050 22,119
395,094 208,161

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
50 C Ordinary £1 50 50
50 D Ordinary £1 50 50
100 E Ordinary £1 100 -
400 300

The following shares were issued during the year for cash at par :

100 E Ordinary shares of £1

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 97,550
Goodwill revaluation (97,550 )

At 31 March 2023 -