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REGISTERED NUMBER: 03794016 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Blue Whale (UK) Limited

Blue Whale (UK) Limited (Registered number: 03794016)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blue Whale (UK) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C Belloc





SECRETARY: Pramex International Ltd





REGISTERED OFFICE: C/o Pramex International
11 Old Jewry
London
EC2R 8DU





REGISTERED NUMBER: 03794016 (England and Wales)





AUDITORS: Roberts Nathan
Chartered Certified Accountants and
Statutory Auditors
9 Exchange Place
International Financial Services Centre
Dublin 1
Ireland

Blue Whale (UK) Limited (Registered number: 03794016)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Stocks 100,413 128,283
Debtors 4 3,773,980 4,065,624
Cash at bank 743,795 1,190,592
4,618,188 5,384,499
CREDITORS
Amounts falling due within one year 5 4,073,419 4,714,592
NET CURRENT ASSETS 544,769 669,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,769

669,907

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 544,767 669,905
SHAREHOLDERS' FUNDS 544,769 669,907

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 director and authorised for issue on 28 June 2024 and were signed by:





C Belloc - Director


Blue Whale (UK) Limited (Registered number: 03794016)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Blue Whale (UK) 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 1 A "Small Entities" and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.

All amounts are rounded to the nearest £.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Blue Whale (UK) Limited (Registered number: 03794016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, loans from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 at the balance sheet date.

Blue Whale (UK) Limited (Registered number: 03794016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company is dependent upon the continued financial support of its parent company which has undertaken to financially support the company for the at least 12 months after the date of the signing of these accounts and for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Ordinary share capital
The ordinary share capital of the company is presented as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,066,041 3,642,750
Amounts owed from group
undertakings

-

36,905
Other debtors 1,874 1,393
VAT 108,016 64,206
Accrued income 598,049 320,370
3,773,980 4,065,624

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 783,230 306,456
Amounts owed to group undertakings 2,739,603 2,850,332
Tax 137,396 250,965
Other creditors 2,470 1,949
Accruals 410,720 1,304,890
4,073,419 4,714,592

Blue Whale (UK) Limited (Registered number: 03794016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aidan Scollard (Senior Statutory Auditor)
for and on behalf of Roberts Nathan

7. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is BLUE WHALE SAS, a
company incorporated in France, whose registered address is M.I.N BP 417, 82004 Montauban, France.