BL Operations Widnes Limited 14518517 false 2022-12-01 2023-12-31 2023-12-31 The principal activity of the company is is supplying and managing of services and events to managed workspaces, coworking workspaces, virtual offices and meeting rooms, and traditional rental income. Digita Accounts Production Advanced 6.30.9574.0 true true true 14518517 2022-12-01 2023-12-31 14518517 2023-12-31 14518517 core:CurrentFinancialInstruments 2023-12-31 14518517 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14518517 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 14518517 core:OtherRelatedParties 2023-12-31 14518517 bus:SmallEntities 2022-12-01 2023-12-31 14518517 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-12-31 14518517 bus:FilletedAccounts 2022-12-01 2023-12-31 14518517 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 14518517 bus:RegisteredOffice 2022-12-01 2023-12-31 14518517 bus:Director1 2022-12-01 2023-12-31 14518517 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 14518517 core:LandBuildings 2022-12-01 2023-12-31 14518517 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 14518517 core:OtherRelatedParties 2022-12-01 2023-12-31 14518517 1 2022-12-01 2023-12-31 14518517 countries:AllCountries 2022-12-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14518517

BL Operations Widnes Limited
Annual Report and
Unaudited Financial Statements

Period to 31 December 2023

 

BL Operations Widnes Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

BL Operations Widnes Limited

Balance Sheet
31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,821,680

Current assets

 

Debtors

5

327,448

Cash at bank and in hand

 

144,074

 

471,522

Creditors: Amounts falling due within one year

6

(2,290,382)

Net current liabilities

 

(1,818,860)

Net assets

 

2,820

Capital and reserves

 

Called up share capital

100

Retained earnings

2,720

Shareholders' funds

 

2,820

For the financial period from 1 December 2022 to 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

BL Operations Widnes Limited

Balance Sheet
31 December 2023

Directors' responsibilities:

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

The Directors acknowledge their 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mrs P C Holt
Director

Company Registration Number: 14518517

 

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Period from 1 December 2022 to 31 December 2023

1

General information

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

The address of its registered office is:
Europa House
Barcroft Street
Bury
Lancashire
BL9 5BT
England

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.

Going concern

The financial statements have been prepared on a going concern basis. BL Operations Widnes Limited is supported by a co-member of a group; Haircloth Weaving and Finishing Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Period from 1 December 2022 to 31 December 2023

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

2% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Period from 1 December 2022 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 4.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

1,849,340

1,849,340

At 31 December 2023

1,849,340

1,849,340

Depreciation

Charge for the period

27,660

27,660

At 31 December 2023

27,660

27,660

Carrying amount

At 31 December 2023

1,821,680

1,821,680

Included within the net book value of land and buildings above is £1,821,680 in respect of freehold land and buildings.
 

 

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Period from 1 December 2022 to 31 December 2023

5

Debtors

Current

Note

2023
£

Trade debtors

 

140,332

Amounts owed by related parties

7

100

Prepayments

 

187,016

   

327,448

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Trade creditors

 

85,761

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

7

1,959,125

Taxation and social security

 

30,561

Accruals and deferred income

 

214,935

 

2,290,382

7

Related party transactions

Loans from related parties

2023

Other related parties
£

Total
£

Advanced

1,959,125

1,959,125

At end of period

1,959,125

1,959,125

Terms of loans from related parties

BL Operations Widnes has borrowed £1,959,125 from a co-member of a group, Haircloth Weaving and Finishing Limited. The loan is interest free.

8

Parent and ultimate parent undertaking

The Company's immediate parent is HWL Holdings Limited, incorporated in England.