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REGISTERED NUMBER: 06792993 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Blanchard Wells (Groundworks
Contractors) Limited

Blanchard Wells (Groundworks
Contractors) Limited (Registered number: 06792993)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Blanchard Wells (Groundworks
Contractors) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M A Wells





REGISTERED OFFICE: The Meadows
Forester Road
Soberton Heath
Southampton
Hampshire
SO32 3QG





REGISTERED NUMBER: 06792993 (England and Wales)





AUDITORS: Alliott Wingham Limited
Kintyre House
70 High Street
Fareham
Hampshire
PO16 7BB

Blanchard Wells (Groundworks
Contractors) Limited (Registered number: 06792993)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1,000 -
Cash at bank - 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

1,000

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
1,000 1,000

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr M A Wells - Director


Blanchard Wells (Groundworks
Contractors) Limited (Registered number: 06792993)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Blanchard Wells (Groundworks Contractors) 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a break-up basis, as the company ceased trading on 31 March 2023. Consequently, the going concern assumption, which assumes the company will continue its operations in the foreseeable future, is not applicable. The financial statements reflect the company's planned cessation of trading and the realisation of assets and settlement of liabilities in connection with the winding down process. Users of these financial statements should be aware that the break-up basis of preparation may have an impact on the valuation and presentation of assets and liabilities.

Turnover
Turnover represents the fair value received or receivable taking into account the amount of trade discounts, prompt settlement discounts and volume rebates allowed by the entity.

Turnover is recognised on the provision labour services in the period which the labour was provided, adjusted for deferred and accrued income.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities. including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Blanchard Wells (Groundworks
Contractors) Limited (Registered number: 06792993)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 1,000 -

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

The Report of the Auditors was unqualified.

Mark Nolan FCA (Senior Statutory Auditor)
for and on behalf of Alliott Wingham Limited

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. ULTIMATE CONTROLLING PARTY

As at the year end the ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales at The Meadows, Forester Road, Soberton Heath, Hampshire, SO32 3QG.

The ultimate controlling party is Mr M A Wells.

8. BREAK UP BASIS

The financial statements have been prepared on a break-up basis in accordance with UK FRS 102 Section 1A. This basis has been adopted as the company ceased trading on 31 March 2023. The break-up basis assumes that the assets and liabilities will be realised or settled individually rather than as part of ongoing operations. This approach provides a more accurate representation of the financial position and expected outcomes considering the company's future plans.