Bluefield Holdings Limited 13624027 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is production holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 13624027 2022-04-01 2023-03-31 13624027 2023-03-31 13624027 core:RetainedEarningsAccumulatedLosses 2023-03-31 13624027 core:ShareCapital 2023-03-31 13624027 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 13624027 core:CurrentFinancialInstruments 2023-03-31 13624027 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13624027 core:MotorVehicles 2023-03-31 13624027 bus:SmallEntities 2022-04-01 2023-03-31 13624027 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13624027 bus:FullAccounts 2022-04-01 2023-03-31 13624027 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13624027 bus:RegisteredOffice 2022-04-01 2023-03-31 13624027 bus:Director1 2022-04-01 2023-03-31 13624027 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13624027 core:MotorVehicles 2022-04-01 2023-03-31 13624027 countries:EnglandWales 2022-04-01 2023-03-31 13624027 core:CostValuation 2022-03-31 13624027 2021-09-15 2022-03-31 13624027 2022-03-31 13624027 core:RetainedEarningsAccumulatedLosses 2022-03-31 13624027 core:ShareCapital 2022-03-31 13624027 core:CurrentFinancialInstruments 2022-03-31 13624027 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13624027

Bluefield Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Bluefield Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Bluefield Holdings Limited

(Registration number: 13624027)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,725

-

Investments

5

1,840,000

1,840,000

Other financial assets

6

102,500

-

 

1,950,225

1,840,000

Current assets

 

Debtors

7

9,433

100

Cash at bank and in hand

 

40,046

-

 

49,479

100

Creditors: Amounts falling due within one year

8

(1,365,017)

(1,840,000)

Net current liabilities

 

(1,315,538)

(1,839,900)

Net assets

 

634,687

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

634,587

-

Shareholders' funds

 

634,687

100

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2023
 

 

Bluefield Holdings Limited

(Registration number: 13624027)
Balance Sheet as at 31 March 2023

.........................................
Mr P Boardman
Director

 

Bluefield Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 1 & 2 Low Mill Business Park
Watery Lane
Ulverston
Cumbria
LA12 9EE
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Bluefield Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Bluefield Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

10,300

10,300

At 31 March 2023

10,300

10,300

Depreciation

Charge for the year

2,575

2,575

At 31 March 2023

2,575

2,575

Carrying amount

At 31 March 2023

7,725

7,725

5

Investments

2023
£

2022
£

Investments in subsidiaries

1,840,000

1,840,000

Subsidiaries

£

Cost or valuation

At 1 April 2022

1,840,000

Provision

Carrying amount

At 31 March 2023

1,840,000

At 31 March 2022

1,840,000

 

Bluefield Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

FA investment - unlisted other shares additions

102,500

102,500

At 31 March 2023

102,500

102,500

Impairment

Carrying amount

At 31 March 2023

102,500

102,500

7

Debtors

Current

2023
£

2022
£

Other debtors

9,433

100

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

1,065,392

1,258,189

Owed by/(from) group undertakings

299,625

581,811

1,365,017

1,840,000