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REGISTERED NUMBER: 04195569 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Blanchard Wells (Holdings) Limited

Blanchard Wells (Holdings) Limited (Registered number: 04195569)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blanchard Wells (Holdings) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M A Wells
Mr T Wells





SECRETARY: Mrs L M Tibballs





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





REGISTERED NUMBER: 04195569 (England and Wales)





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

Blanchard Wells (Holdings) Limited (Registered number: 04195569)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 21,100 21,102

CURRENT ASSETS
Debtors 5 3,282,510 3,865,984
Cash at bank 1,157,174 32,766
4,439,684 3,898,750
CREDITORS
Amounts falling due within one year 6 3,074,759 2,706,977
NET CURRENT ASSETS 1,364,925 1,191,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,386,025

1,212,875

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 102 102
Retained earnings 1,385,921 1,212,771
1,386,025 1,212,875

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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr M A Wells - Director


Blanchard Wells (Holdings) Limited (Registered number: 04195569)

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

1. STATUTORY INFORMATION

Blanchard Wells (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about Blanchard Wells (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Taine Holdings Limited, The Meadows, Forester Road, Soberton, Hampshire, SO32 3QG.

Interest income
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest income is accounted for when interest is received or first made available to the company.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 balance sheet date.


Blanchard Wells (Holdings) Limited (Registered number: 04195569)

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 21,102
Disposals (2 )
At 31 December 2023 21,100
NET BOOK VALUE
At 31 December 2023 21,100
At 31 December 2022 21,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 2,987,429 3,602,416
Other debtors 295,081 263,568
3,282,510 3,865,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 18,000 -
Amounts owed to group undertakings 3,047,910 2,700,000
Taxation and social security 8,849 6,977
3,074,759 2,706,977

7. 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

8. 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.

Blanchard Wells (Holdings) Limited (Registered number: 04195569)

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

8. RELATED PARTY DISCLOSURES - continued

At the year end date, there was an amount due from a director of £NIL (2022: £13,568).

Throughout the year, entities controlled by key management personnel invoiced the company £10,000 plus VAT. At the year end date, there was an amount due of £12,000 (2022: NIL)

9. ULTIMATE CONTROLLING PARTY

At the year end the parent and ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales.

The ultimate controlling party is Mr M A Wells.